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Respected Contributor
Posts: 2,046
Registered: ‎09-10-2020

Re: QVC Earnings for 3Q released....

[ Edited ]

@Mindy D wrote:

We're forgetting one thing. Many people don't watch network TV anymore. They just stream the shows they want, live or on demand. I'm pretty sure this must be having an effect on sales too. When I watch QVC now, it's usually online on the website. I used to watch it on TV. The way we watch has changed for many of us. Potential new customers might not even know about QVC because of how they watch. 

As for me, I over bought clothing up until last quarter. I had gone up a size and was worried I needed clothing that fit me. I had nowhere to go due to the pandemic, so I'm set for both my current and previous sizes. Due to inflation and now, much less need for clothing, my money has been going for necessities from CVS and Amazon and for groceries and dinner deliveries. 


I don't watch. I look at the program guide, and if something interests me, I click on that item and watch the video. Usually, I end up fast-forwarding that as well, so I don't have to listen to the endless chatter. I am a huge Tiktok person; for this reason, give me the info so I can move on. I do like how HSN and ShopHQ give you the option to watch the show after it airs. I do watch if it is it is a brand hour I like. I can fast-forward and watch what I want.

Respected Contributor
Posts: 3,122
Registered: ‎03-02-2016

Re: QVC Earnings for 3Q released....

Not surprised in the least  QVC's  sales are still down. Why would they not be.  TPTB don't care to listen to their customers. They don't fix the IT problems, the website problems, they don't fix the stale, old, repetative items problems, the obnoxious host problems, the lack of quality problems, the high price for lesser quality problems. I could go on.  They think the way to fix the problems  is to fire and hire a new CEO.  I ask the Q...how is that working for you?

Honored Contributor
Posts: 36,601
Registered: ‎03-20-2010

Re: QVC Earnings for 3Q released....

[ Edited ]

@Group 5 minus 1 wrote:

Are ny earnings up? OK maybe big oil.


@Group 5 minus 1 @brandiwine 

 

This has been going on with Qurate since 2015---it used to be just small decreases maybe 2% to 4% and have been increasing now in double digits. QVC got a repreive when people were quarantined due to COVID, people  saw QVC on TV and made purchases, but now people returned to brick and mortar stores or just favorite online stores and Qurates sales and revenues declined again..............

Animals are reliable, full of love, true in their affections, grateful. Difficult standards for people to live up to.”
Honored Contributor
Posts: 36,601
Registered: ‎03-20-2010

Re: QVC Earnings for 3Q released....

[ Edited ]

@Pook wrote:

Just do not understand why a few here seem to care and relish in sales being down!  It's not my company and I have no stock in it so what?!!!   Right now most  businesses comparable in size and actually most businesses are probably not showing much profit!   So what if they go under?  I would miss shopping here but there are other places to shop online!!

 


@Pook 

 

Some people care and want to see it succeed......If you have no interest in the topic there are mny others you might enjoy

Animals are reliable, full of love, true in their affections, grateful. Difficult standards for people to live up to.”
Honored Contributor
Posts: 36,601
Registered: ‎03-20-2010

Re: QVC Earnings for 3Q released....

[ Edited ]

@Bhvbum wrote:

What period of time are these numbers being compared to? We are leaving a period where people were at home, and spending lots. Of course that's going to come down now that people are back to work.  

 

Also, with interest rates going up, buying is beginning to slow and that is the whole point of trying to curb inflation.

This is not just affecting QVC but retail across the board. 


@Bhvbum 

 

Then why is their Cornerstone line --Grandin Road, Frontgate, Ballard Designs (high priced items) doing so well---4% increase in sales 2nd quarter 8% record breaking increase 3rd quarter---

Animals are reliable, full of love, true in their affections, grateful. Difficult standards for people to live up to.”
Honored Contributor
Posts: 36,601
Registered: ‎03-20-2010

Re: QVC Earnings for 3Q released....


@Effie54 wrote:

Whom ever the new CEO is, he's not doing his job! Get some new leadership.


@Effie54 

 

This has been going on for last 5 or 6 yrs---Execs have come and gone from Claire Watts from Walmart to a former Disney Executive and latest CEO from JCP with expertise particularlt on new technology, streaming channels, social media etc etc

Animals are reliable, full of love, true in their affections, grateful. Difficult standards for people to live up to.”
Esteemed Contributor
Posts: 7,532
Registered: ‎03-05-2011

Re: QVC Earnings for 3Q released....

@Spurt @Rockycoast @Othereeeen @MG Chris @stevieb    IMO If they don't listen to the Customer, Nothing will change.  Their clothing prices are ridiculous.  The quality is terrible also.  If I wore the clothes that they sell (layering) I would be laughed at.  Same products over and over.  What I find the most annoying is a certain Host who is on everynight.  I point her out because IMO she started the over the top acting for the other Hosts.  When a Host is pushy, talking about all their family members, Jumping arouund like thay had 12 cups of caffeine is a total turn off.  We the Customers want to hear about the product.  Having Hosts jump arund like Children is a turn off to most. The worst is that they don't give the product information that we want.  

 

They are killiing themselves because they don't care what we think.  That is sad. This so called party is a joke.  Who cares about JT dancing with the Rocketts??  Those of us that are professional Dancers, really don't care to see a Host who is not a Dancer,  Dance.  MO

Honored Contributor
Posts: 36,601
Registered: ‎03-20-2010

Re: QVC Earnings for 3Q released....


@BalletBabe wrote:

@Spurt @Rockycoast @Othereeeen @MG Chris @stevieb    IMO If they don't listen to the Customer, Nothing will change.  Their clothing prices are ridiculous.  The quality is terrible also.  If I wore the clothes that they sell (layering) I would be laughed at.  Same products over and over.  What I find the most annoying is a certain Host who is on everynight.  I point her out because IMO she started the over the top acting for the other Hosts.  When a Host is pushy, talking about all their family members, Jumping arouund like thay had 12 cups of caffeine is a total turn off.  We the Customers want to hear about the product.  Having Hosts jump arund like Children is a turn off to most. The worst is that they don't give the product information that we want.  

 

They are killiing themselves because they don't care what we think.  That is sad. This so called party is a joke.  Who cares about JT dancing with the Rocketts??  Those of us that are professional Dancers, really don't care to see a Host who is not a Dancer,  Dance.  MO


@BalletBabe 

 

Ive heard said many times----at business conferences, in business journals, TV Business Channels-----businesses that dont listen to their customers and/or adapt to change end up failing. 

 

@BalletBabe you expressed so well many of QVC's problems------they have become more interested in becoming an "entertainment channel" and are more focused on making the host "psuedo celebrities" with a fan following rather than making their products "the stars". They also need more variety and more unique merchandise than what everyone sees everywhere, even in their local stores.....

Animals are reliable, full of love, true in their affections, grateful. Difficult standards for people to live up to.”
Esteemed Contributor
Posts: 7,532
Registered: ‎03-05-2011

Re: QVC Earnings for 3Q released....


@Spurt wrote:

@BalletBabe wrote:

@Spurt @Rockycoast @Othereeeen @MG Chris @stevieb    IMO If they don't listen to the Customer, Nothing will change.  Their clothing prices are ridiculous.  The quality is terrible also.  If I wore the clothes that they sell (layering) I would be laughed at.  Same products over and over.  What I find the most annoying is a certain Host who is on everynight.  I point her out because IMO she started the over the top acting for the other Hosts.  When a Host is pushy, talking about all their family members, Jumping arouund like thay had 12 cups of caffeine is a total turn off.  We the Customers want to hear about the product.  Having Hosts jump arund like Children is a turn off to most. The worst is that they don't give the product information that we want.  

 

They are killiing themselves because they don't care what we think.  That is sad. This so called party is a joke.  Who cares about JT dancing with the Rocketts??  Those of us that are professional Dancers, really don't care to see a Host who is not a Dancer,  Dance.  MO


@BalletBabe 

 

Ive heard said many times----at business conferences, in business journals, TV Business Channels-----businesses that dont listen to their customers and/or adapt to change end up failing. 

 

@BalletBabe you expressed so well many of QVC's problems------they have become more interested in becoming an "entertainment channel" and are more focused on making the host "psuedo celebrities" with a fan following rather than making their products "the stars". They also need more variety and more unique merchandise than what everyone sees everywhere, even in their local stores.....


@Spurt   Are we the old Customers supposed to be happy that we got a free shipping weekend when the NEW people get another almost 3 months???  I thought they might add something for us this weekend that don't apply to the new Customers?  Silly me!

Esteemed Contributor
Posts: 7,171
Registered: ‎01-14-2017

Re: QVC Earnings for 3Q released....

 

@Pook I like shopping here and wish it success.  I find fashions that fit me here.  I have a hard time finding quality clothes that fit me elsewhere.