Re: QVC Leaving?

Othereeeen · ‎03-13-2010

Well this IS the QVC forum....!!!

Besides...there are hundreds of comments on this board about how desperate the sales presentations have become, the out of control childish antics of the hosts, the non stop urging to buy buy buy mulitples before the 50 colors sell out, the promotions that appear to be unfair to longtime viewers who they seem to want to alienate for younger audience...

We read about the recent layoffs....

So YES it's relevant.

Look at some recent bankruptcies....David's Bridal, Bed Bath Beyond, Tuesday Morning, Christmas Shops, Serta/Simmons, ...some will keep a few stores open, most will not.

QVC/HSN?

From March 2022 to March 2023, they LOST 1,376,000 customers ( from 9,923,000 to 8,547,000)....

MOST of the lost customers were "existing" customers. Where did they go?

"Existing customers" spent an average of $1,500. per year, or, made 30 purchases. "

You do the math. That's a LOT of sales loss dollars.

Thats a LOT of customers going someplace else to shop.

Q will probably be around a while longer, but the headwinds of regular teevee viewing going more to streaming, customer shopping trends changing, and older customers spending less.. not due to fixed income, but due to just not buying ( or needing) as much "stuff".

The trend is to offload stuff as people get older.

And young people? They don't buy a lot of the stuff we all did when Q first started, or apparently today either. They go to "influencers" and then find the best price to buy what they see....and it's usually NOT QVC, that they would have to know existed in the first place in order to shop here!!!

Not belly up tomorrow,

Maybe they WILL rise from the ashes. The stock was UP 23% today ( from 79 cents to 88 cents QRTEA) but it MAY be what they call a "dead cat bounce" ( A vulgar term to descibe a momentary rise in a stock price after the earnings call....people KNOW it happens and make a quick purchase/resell on that day)...a lot more shares than normal changed hands today....

Besides...some of us LIKE to keep up with a company's health...I shopped here 30 years and am interested and concerned about it's downhill trajectory and the direction it's going....and like someone here mentioned, 26000 employees work at Qurate.

JeanLouiseFinch · ‎10-03-2011

Truth be told, I'd miss this community forum more than the shopping experience, if QVC bit the dust. QVC is pricing things in nowhere land these days and limiting A/D plans to the first shipment and maybe one or two additional shipments. Anything beyond that is very rare. HSN allows their A/S plans continue indefinitely until the customer stops them. They also allow resumption of stopped A/S plans within 180 days if the customer regrets their decision.

Pearlee · ‎06-11-2011

@Othereeeen wrote:
@Pearlee

Well this IS the QVC forum....!!!

Besides...there are hundreds of comments on this board about how desperate the sales presentations have become, the out of control childish antics of the hosts, the non stop urging to buy buy buy mulitples before the 50 colors sell out, the promotions that appear to be unfair to longtime viewers who they seem to want to alienate for younger audience...

We read about the recent layoffs....

So YES it's relevant.

Look at some recent bankruptcies....David's Bridal, Bed Bath Beyond, Tuesday Morning, Christmas Shops, Serta/Simmons, ...some will keep a few stores open, most will not.

QVC/HSN?

From March 2022 to March 2023, they LOST 1,376,000 customers ( from 9,923,000 to 8,547,000)....

MOST of the lost customers were "existing" customers. Where did they go?

"Existing customers" spent an average of $1,500. per year, or, made 30 purchases. "

You do the math. That's a LOT of sales loss dollars.

Thats a LOT of customers going someplace else to shop.

Q will probably be around a while longer, but the headwinds of regular teevee viewing going more to streaming, customer shopping trends changing, and older customers spending less.. not due to fixed income, but due to just not buying ( or needing) as much "stuff".

The trend is to offload stuff as people get older.

And young people? They don't buy a lot of the stuff we all did when Q first started, or apparently today either. They go to "influencers" and then find the best price to buy what they see....and it's usually NOT QVC, that they would have to know existed in the first place in order to shop here!!!

Not belly up tomorrow,

Maybe they WILL rise from the ashes. The stock was UP 23% today ( from 79 cents to 88 cents QRTEA) but it MAY be what they call a "dead cat bounce" ( A vulgar term to descibe a momentary rise in a stock price after the earnings call....people KNOW it happens and make a quick purchase/resell on that day)...a lot more shares than normal changed hands today....

Besides...some of us LIKE to keep up with a company's health...I shopped here 30 years and am interested and concerned about it's downhill trajectory and the direction it's going....and like someone here mentioned, 26000 employees work at Qurate.

@Othereeeen I don't know why you are ranting at me? Huh? I merely pointed out someone especially interested in the financial state of QVC. I never said it shouldn't be of interest. Your addressing me is misplaced IMO. And no, I'm not going to "do the math." 🙄