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Stock impact report

Prospects For TV Shopping Look Dim. Qurate's QVC And HSN See Differently. [Forbes]

Qurate Retail, Inc. - Series A (QRTEA) 
Last qurate retail, inc. - series a earnings: 2/25 04:30 pm Check Earnings Report
Company Research Source: Forbes
The traditional business of TV shopping is at an inflection point as it competes with other retailers for consumers' discretionary spending and the entertainment industry for their attention. Cracks in the traditional TV shopping business model are beginning to show. While the nation's number three shopping channel iMedia Brand 's ShopHQ is still broadcasting, it is in Chapter 11 bankruptcy proceedings and been delisted from the Nasdaq. QVC QVCA , the number one shopping channel and number two HSN, jointly owned by Qurate Retail, have had a rough time too. In May of last year, Qurate received a Nasdaq delisting notice but got a last-minute reprieve after selling off Zulily . Still, in October, it topped CreditRiskMonitor 's list of retailers on the verge of bankruptcy along with Farfetch FTCH , Joann and Rite Aid RAD , and we know what happened with them. CEO David Rawlinson is tasked with righting the Qurate ship. Since joining the company in October 2021, he had scant good ne Show less Read more
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