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03-09-2023 08:37 PM
QVC isn't failing anymore than almost any other retailer , People do watch less cable for sure , and stream more than ever. There are 800 stores closing this year from a variety of retail. I am not shocked about lay offs , but i am still scratching my head at the choice of Carolyn though , But there are always things we don't know.
03-09-2023 08:43 PM
@MW in Iowa wrote:QVC isn't failing anymore than almost any other retailer , People do watch less cable for sure , and stream more than ever. There are 800 stores closing this year from a variety of retail. I am not shocked about lay offs , but i am still scratching my head at the choice of Carolyn though , But there are always things we don't know.
This is true. Lots of Walmarts closing. Amazon closing locations and laying off. This is despite the fact that they had stellar record earnings since the pandemic and increased the cost of Prime Membership. Their earnings really were good. The buckle tightening isn't always about loss or proft. Sometimes it's about bloat.....
American Greed plays a significant role as well.
03-09-2023 08:49 PM
Qurate is a technologically inferior business that has been eaten alive following a change in consumer spending habits. The company has a loyal customer base that will continue to shop but this number is dwindling, with new customers not even replacing those leaving. The company does not inherently offer anything unique, which makes the long-term difficult
I got the article by google Seeking Alpha Qurate group.
03-09-2023 08:59 PM
Well, QVC is not unique and is right there with all the rest, struggling to stay above water. @ellaphant Do you know of a single one that is going great guns and making lots of money? They've all had layoffs with probably more to cone. You speak as though they are the only one with an earnings deficit.
03-09-2023 09:15 PM
The Q'a earnings have been going south for more than a decade.
03-09-2023 10:10 PM
@ellaphant wrote:https://seekingalpha.com/article/4585610-qurate-retail-struggling-business-tough-times-ahead
If link doesn't work go to
seekingalpha.com
and look for Qurate article.
Scroll down. Read some of the other articles. Some are more specific to QVC and HSN. Apparently they have always carried a lot of debt but had plenty coming in. Now they have tremendous debt coming due. I also read that when they purchased HSN that somehow it was over valued by a lot then discovered that they paid way to much for it. Various articles have different information that some others do not. Some have questions and answers at the end where some people ask the author specific questions. You can also google and come up with some articles.
03-09-2023 10:12 PM
i have been with QVC over 40 years. Bet if they didn't have 5 or 6 hrs. of the TSV all the time it would help. Don't want to tune in to a kitchen show where 1 hr. is dedicated to a vacuum cleaner with 4 more hour long vacuum cleaner segments. Same with whatever the TSV is whether a mattress, food item, skin care etc.....over and over and over. And maybe they could go back to a 50 state search for new products. And maybe they could sell more t-shirts if they weren't $50 each. QVC, go back to what worked and garnered buyers.
03-09-2023 10:13 PM
03-09-2023 11:02 PM
03-09-2023 11:28 PM
@Kachina624 wrote:Well, QVC is not unique and is right there with all the rest, struggling to stay above water. @ellaphant Do you know of a single one that is going great guns and making lots of money? They've all had layoffs with probably more to cone. You speak as though they are the only one with an earnings deficit.
Read the article. A big reason Q is tanking is they have a loyal core base but are not expanding their new customer base. They've been doing poorly for a decade.
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