Q Talk

[shopped out]

FITTO
LOT OF WASTE.

[tiny 2]

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@Venezia wrote:

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@Sweet Kitties wrote:
If you haven't already built a non-perishable food pantry, feel sorry for you. Time to get going, leave the Q and stock up on food. Prices are high but they're going to get much higher. Im only sharing with my closest loved ones. All of you are on your own.

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Well, gosh, @Sweet Kitties - I always thought I could count on you to share your food pantry with me and the other members of the forums!  

I need to lose weight anyway, so no big deal.  DH and I are pretty well stocked up on food so we should be able to survive until we get to the grocery store.

(Talk about doomsday!)

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@Venezia,  See you at the grocery store but I will share from my little garden, fresh and perishable.

[Luvitorleaveit1]

@darcie - so true thanks.

If it wasn't broke?  All the additional channels that I never watched, too many hosts that I never see or watch.  Two hosts for one show no way, vendors hosting or taking over not a good look and too much redundancy.  Same vendors on rotation.

I expect there will be a lot of restructuring, layoffs, been there done that.

[They CallMe MRWILKES]

The Restructuring Plan has been filed with the Bankruptcy Court and involves two primary things:

First, the $6.5 billion debt load will be reduced to $1.3 billion

Second, the current outstanding common stock will be deemed worthless so that new shares can be issued as compensation to creditors/holders of the current debt.

That's all this exercise is about:  a tool for debt burden reduction. 

The Restructuring Plan has no mention of hosts, guests, products, TSVs, programming,  prices, shipping, Mally or Jane Treacy.   Everyone is free to review and read and peruse.

[Caaareful Shopper]

@They CallMe MRWILKES   "Mally or Jane Treacy"   

[Spurt]

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@shopped out wrote:
Exactly. qvc or hsn sell "Wants" With what's going on these dsys households are m I srly likely needing to cover necessities.. perhaps the 1% are thr customers of QVC goods.

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@shopped out 

I havent been around as long as others here on QVC....after Kathy Levine left...still around for Bob Bowersox...Anyway, QVC used to have lots of truely unique and also practical items (people would ask where did you get that!)...For example, kitchen gadgets that I still use today! Ryka, Sketcher shoes,Tracphone, 2 Berkshire velvet blankets, love my Shark handheld plug in vacuum still works great- back when Shark had good quality, I did splurge now and then on Luminara candles, Valerie Parr Hill items...Now QVC merchandise is now mostly show the same brands and items you see everywhere---from brick & mortar to online retailers at better prices....And the food--- Grandma's coffee cake $29 on QVC for one, Central Market here in Texas same 28 oz weight/flavor Cinnamon Walnut $18.49 plus no shipping!!! This is what people are saying about their prices on QVC!!!

I get better deals on clothing, especially sales at Dillards, Macys, JCP-- online or in store, good quality...Home goods/decor I shop-- Hobby Lobby, TJ Maxx, Home Goods, Marshalls, Kirklands....

QVC needs to rethink their merchandise lines everything is overpriced and some brands the quality has also declined! You dont need two hosts that give little product info...I dont tune in for the hosts silly comedy routines or hear about their trip to Disneyland or talk menopause🙄 

[Spurt]

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@They CallMe MRWILKES wrote:

The Restructuring Plan has been filed with the Bankruptcy Court and involves two primary things:

First, the $6.5 billion debt load will be reduced to $1.3 billion

Second, the current outstanding common stock will be deemed worthless so that new shares can be issued as compensation to creditors/holders of the current debt.

That's all this exercise is about:  a tool for debt burden reduction. 

The Restructuring Plan has no mention of hosts, guests, products, TSVs, programming,  prices, shipping, Mally or Jane Treacy.   Everyone is free to review and read and peruse.

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@They CallMe MRWILKES 

They've gotten a second chance and SHOULD evaluate everything so they dont end up closing their business forever!!....Everyone knows the definition of INSANITY --DOING THE SAME THING BUT EXPECTING DIFFERENT RESULTS!!! 

[They CallMe MRWILKES]

Those are non Bankruptcy Court issues to be dealt with going forward after recapitalization and the new balance sheet.

No one here yet knows if anything else will change.  Personally, I suspect very little, at least over the short term, except for a vigorously renewed social media focus.

[Estellee]

I'm wondering how they will go about trying not to accumulate so much debt in the future. 1.3 billion is still a big chunk of change LOL

[They CallMe MRWILKES]

But it's not $6.5 billion and it all won't be due on one date!

Reduction of debt service payments will surely free up a lot of operating cash for other purpos.    And that is the point of this exercise.