Q Talk

[Mz iMac]

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@elated wrote:

As part of its prepackaged Chapter 11 filing, QVC disclosed that it owed more than $93 million to its 30 largest unsecured creditors, which include both trade vendors and service suppliers. Some of the notable vendors and brands with unpaid claims include

QVC Group’s Top 30 unsecured creditors include:

1. Procaps Laboratories: $10,359,081
2. Microsoft Corporation: $6,649,299
3. Accenture International: $6,407,956
4. C&J Clark America: $6,272,640
5. John Hardy USA: $5,035,062
6. New Age Electronics: $4,143,192
7. United Parcel Service: $3,257,997
8. Beekman 1802: $3,151,099
9. Desert Rose Trading: $2,953,336
10. Ecoflow Technology: $2,939,185
11. Waco Shoe Co.: $2,909,502
12. First Commemorative Mint: $2,686,179
13. Wen by Chaz Dean: $2,661,459
14. Roberta’s Inc.: $2,613,906
15. Rastelli Brothers Inc: $2,401,566
16. Meta Platform Inc.: $2,2,392,996
17. JCL Design: $2,272,932
18. Impact Tech Inc: $2,259,612
19. Diane Gilman Jeans: $2,214,400
20. NYDJ: $2,148,580
21. Agoura Health Products: $2,073,130
22. IHKWIP LLC: $1,980,256
23. East Way Leisure: $1,838,312
24. Orient International: $1,814,608
25. Hesung Innovation: $1,699,741
26. Skechers USA: $1,651,281
27. Ebates Performance Marketing: $1,600,000
28. Blackstone International: $1,568,968
29. Cleanboss Inc.: $1,557,515
30. Corky’s Ribs and BBQ: $1,511,110

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Not paying UPS?

When the new owners take full control, you can be sure some heads will roll, from the very top right on down to the very bottom.

[Sooner]

It has seemed to me that for some time QVC has totally lost sight of it's mission, which is selling, and it's customers.

They keep throwing out the same items in slightly different iterations, simply competing against itself.  It brought in celebrity names, but most of them didn't add to the items carried much.  So much of what they sell was rebranded of their own merchandise.  

[Seminole2]

@elated not picking out favorites or anything like that from the list but the IHKWIP boys that I believe still own their company unlike the Berkman boys,  they are a small and young company.  I would think that they would need the money to grow their business.  This is what myself and many have been saying for months about the trickle down effect of a company facing hard times.  The impact is ginormous but meanwhile the inept management team walks away with millions of dollars in their pockets.  Wrong to me on so many levels.  I am not sure how they can look at themselves in the mirror each day.  

[Puppy Lips]

When I don’t pay our company’s UPS bill on time, they don’t hesitate to slap a late fee on us. Think UPS charges QVC late fees? Like others have asked, why would a vendor keep selling and giving up merchandise if they are not being paid? I wonder how far back the unpaid invoices go. Just exactly how far behind are they on their bills?

[They CallMe MRWILKES]

The vendors listed were Unsecured Claims that existed as payable on the filing date, April 16th.  Bankruptcy Court rules require the debtor to list the 30 largest Unsecured Claims as of the filing date.

It's likely by now that most have been paid in full after the Judge granted QVC Group the ability to pay.

They are unimpaired claims and didn't even vote on the Plan since they are unimpaired.

[They CallMe MRWILKES]

As you might have expected,  the Preferred Shareholders, disagreeing with Bankruptcy Court, have filed an appeal with the United States District Court in Southern Texas.

They have requested the Bankruptcy Court to stay confirmation of the QVC Group plan until the appeal is heard.

[Parischic]

Once the judge makes his final ruling the new QVC that will emerge is going to be one that has shows that are quicker paced give pertinent information and show more items per hour.. Eventually Q2 will be fazed out as cable is shrinking and they won't need all 32 hosts so QVC will have to decide who they want to keep .

[Caaareful Shopper]

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@Parischic wrote:
Once the judge makes his final ruling the new QVC that will emerge is going to be one that has shows that are quicker paced give pertinent information and show more items per hour.. Eventually Q2 will be fazed out as cable is shrinking and they won't need all 32 hosts so QVC will have to decide who they want to keep .

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@Parischic  This sounds like a very good & likely guess.  I agree.  I also think HSN melds into QVC and ceases to be a separate entity.  

[They CallMe MRWILKES]

Should things move forward,  I think that something will happen with HSN.

An interesting aspect of Chapter 11 is that certain debtor financial reports must be made monthly.

The customer revenue disclosure for May 2026 reveals the size differential between QVC and HSN.

Customer Sales Revenue, May 2026 (Excludes QVC International)

QVC:  $300 million

HSN:  $ 91 million

Cornerstone Brands:  $82 million

[NeverMind]

A good deal of the shows are demeaning to women.  I refuse to watch.  Unfortunately the quality of the merchandise is getting worse.  Susan Graver is hanging on; Women with Control; Logo but the Q has fewer and fewer quality designers.  I find I turn now to trid and True Catalogs.  I do wish Kathy Levine was more prominent in showcasing her Dimonique designs.  Not all the same old same old and she's enjoyable to watch.