Q Talk

[depglass]

I just talked to our broker about taking a flyer on Qurate stock.  I figured there is a chance they can pull this out and I can make a long term profit.  Stock is below a dollar right now and Edward Jones has placed a hold on it.  Discouraging. So - do you agree with their new philosophy of high prices to start, then eventually clearance prices are usually where the old starting price might have been?  I realize this is overly-simplistic but you can get my drift.

[Kachina624]

@depglass    You'll have to dust off your crystal ball and make your own decision.  Nobody can predict what the future holds when things are so shaky and unstable. 

[PickyPicky3]

Housing prices are affecting everything.

[gidgetgh]

@depglass - you are all over the place with that post.

As for the stock, no way would I purchase a stock.....any stock....that has gone under $1 and is on hold with a major broker.

As for the prices, every retailer starts with the top dollar they think they can get and then lower it accordingly.  I have never ever thought of QVC as a discount retailer. Just never have.  They seem to offer items at lots of different price points.

My favorite stores for clothing are Talbots and J Jill.  Right now at Talbots, each top I am interested in is $95. So, while I wait and purchase during sales and promotions, I can't buy as many as I used to. 

[In Nebraska]

It appears to me that is what is happening with prices and I think  the high prices will just turn long time customers off and send them to shop somewhere else.  So, they won't be around when the items go on sale or clearance.  I find myself shopping more "as is" items if I do make purchases.  

For example, I purchased a Kim Gravel sweatshirt on a TSV a year or so ago and it was about $45.  I liked it so much I went back to get another and it was up to around $56 and then increased to $67.  Today it was marked to clearance at $44 but it didn't sound like they had many and it sold out quickly at that price.

[jackiejenny]

Anything is possible, but predictions are dire for the future of Qurate. 

The prices are high because they owe a lot of debt, even though they had insurance on the warehouse fire, it seemed to have a domino effect of a downhill slide. 

QVC has NEVER been known for REAL sales,so clearance to me sounds like more like liquidation.

This may be why they aren't even trying to reign in hosts and why we are seeing the bizarre behavior. JMO

[grooms]

QVC got to big for its  britches.  Success went to their head after they bought out CVN.    They thought they were immortal....they started paying too much money for salaries of their hotsts......they buy HSN which was also dying on the vine and then Zully....another loser.  They use to have great products at great prices - designers who were real designers like Bob Mackie.....they have nothing left now but Isaac and his boring same ole same old pima cotton tee shirts....D&C is nothing but the same stuff...they bring in Kim Gravel and her high prices.  Then instead pof concentrating on selling they have screaming hosts who like to perform.....they have nbo class.  Their stock will never become what it was when they bought out CVN.......QVC is just on a slow death march with their prices and shipping and then there is Amazon.  I would not invest a penny...they cannot ever be what they once were....they need to sell HSNB and any other stupid stuff they invested in.........it is a matter of time before they become just a memory of what was.

[kaydee50]

@grooms  Agree 100%.  TV shopping was a novelty when it started 40+ years ago.  It has been surpassed by Amazon and just about every retailer that has an online presence.  In its present form, I don't expect it to last too much longer.  I do think there is a place for TV shopping--being able to see demonstrations, models, etc. but it needs a drastic revamping.

[MadeInUSA2]

We all know inflation has affected almost everything these days and QVC is no exception.  However, because most QVC initial prices have become unreasonable in my opinion, I now shop primarily from clearance, as-is, and lunchtime special items instead of buying new or initial priced items.  I'm fortunate to be able to afford whatever strikes my fancy, but I'm also a discriminating shopper and expect good value for my money and always appreciate a good bargain. 

So no matter how much I may like something I'll rarely purchase what I consider to be over-priced or not a good bang for my buck.   And because I've been a shopaholic for years and currently have stockpiles of beauty and clothing items to choose from, I don't really NEED more.  Shopping for me has often been more about WANT than about NEED, so in a strange way the high prices have helped me overcome my TV shopping addiction since I know I could find much better bargains at the brick and mortar stores (if I wanted to take the time to drive to the mall).  So overall I'm now shopping less and less which is a good thing.  Thanks QVC.

(But I predict this thread will be deleted because QVC doesn't want to hear any criticism - constructive or otherwise.)  

[frenchie]

I do the same. Never buy at a first airing. There is nothing I need and hate shopping at any store. I have good sales resistance and I wait. I just bought two pair of Rykas on clearance and eyeing two tops. I'll wait. They both need ironing and those take a while to sell. I think shoes are the worst. Most are near $100. Never happen.