Jewelry

[RedHeadedWench]

When you can buy it in Sam's Club...it is no longer couture.

[kristan]

Looked like costume anyway, nothing like in her store.

[Squirrel Lover]

I would like to know ""what does this really mean?"" Does it mean that she is only going to sell on QVC? Also does it mean that she will continue to design the jewelry or give it over to a ""team?"" Does it mean she is preparing to retire in five years?

[Me2Me]

I just hope that they don't move their factories to China?! That will be my end and love for Judith Ripka!

Is this Excel owned or partnered with QVC?

[Sammycat1]

It says she's the ""chief designer"" -- so more team designed work likely approved by her.

I'm sure it's a choice based on providing for her and her family based on her success to date; her age; and the desire of her family to remain or not remain in the business. More power to her.

[depglass]

Poor Judith? You are kidding, right? I could scrape by on 22.5 mil. I think that is the goal of most entrepreneurs, sell out eventually, and relax.

[smarty]

I wonder if this is why we haven't seen Brian and Alison Ripka on QVC lately.

[Margo Channing]

On 4/4/2014 luvthatboxer said: I don't like her stuff anyway. They sell it at Sam's Club, how fancy is that?

Sshh...some people will die proclaiming their Sam's Club jewelry is couture....

[Sammycat1]

On 4/4/2014 smarty said:

I wonder if this is why we haven't seen Brian and Alison Ripka on QVC lately.

I believe you're correct.

[librisfb]

On 4/4/2014 Me2Me said:

I just hope that they don't move their factories to China?! That will be my end and love for Judith Ripka!

Is this Excel owned or partnered with QVC?

Me, I scanned XCEL's latest posted 10Q which provided info up to the end of September 2013. I'm no business expert, but here's what I understood: XCEL is not owned by the Q but does have a strong tie to it: about 50% of XCEL's revenue comes from the Q's Mizrahi sales, for which XCEL receives royalties based on net sales. According to its 10Q:

In connection with the Company’s agreement with QVC, Inc. (“QVC”), QVC is required to pay fees based primarily on a percentage of its net sales of Isaac Mizrahi branded merchandise. QVC royalty revenue represents a significant portion of the Company’s total revenues. Royalties from QVC totaled $1,992,000 and $1,900,000 for the Current Quarter and the Prior Year Quarter, respectively, representing 51% of the Company’s total revenues each quarter. Royalties from QVC totaled $5,976,000 and $5,700,000 for the Current Nine Months and the Prior Year Nine Months, respectively, representing 58% and 60% of the Company’s total revenues, respectively. As of September 30, 2013 and December 31, 2012, the Company had a receivable from QVC in the amount of $1,901,000, representing 41% and 55% of the Company’s receivables, respectively.