QVC once had an ecommerce division, called Zulily. They acquired it in 2015. It was a disaster financially, losing hundreds of millions of dollars before they sold it in 2023.
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QVC Group delays annual report amid financial uncertainty
- Thread starter PTBoardOp93
- Start date
QVC once had an ecommerce division, called Zulily. They acquired it in 2015. It was a disaster financially, losing hundreds of millions of dollars before they sold it in 2023.
QVC has been on in my mother's household since before I was born. She started buying stuff from QVC way back in the early '90s (jewelry, clothing, etc.), and many of the Christmas decorations we have are QVC as well (like Thomas Pacconis). Nowadays, she has WAY too many Lock 'n Locks, random kitchen items, and thing-a-majigs from the network. QVC also had a NASCAR show called "For Race Fans Only", and she LOVED that show. QVC sold 1:24 model NASCARs and other collectibles.
Unfortunately, QVC and HSN get a lot of their business from lonely elderly people who don't have nearby family. The hosts entice them to spend and buy. She hears 'easy pay' and gets items on a monthly auto pay, which wipes out more money from her limited bank account. Thankfully, she has cut back, but still gets things like cookies, candy sets, and even frozen meat from QVC for expensive prices. (Albeit the Just Bagels from the Bronx are the best bagels I've had in my life!)
If QVC is in trouble, I wouldn't be surprised...but in some way, they will always have an elderly fanbase.
re post from Tim in Springfield: that's a dying breed...a community access bulletin board channel. They are channels of the past in much of America. Social media, YouTube, all putting them out of business.
Unfortunately, QVC and HSN get a lot of their business from lonely elderly people who don't have nearby family. The hosts entice them to spend and buy. She hears 'easy pay' and gets items on a monthly auto pay, which wipes out more money from her limited bank account. Thankfully, she has cut back, but still gets things like cookies, candy sets, and even frozen meat from QVC for expensive prices. (Albeit the Just Bagels from the Bronx are the best bagels I've had in my life!)
If QVC is in trouble, I wouldn't be surprised...but in some way, they will always have an elderly fanbase.
re post from Tim in Springfield: that's a dying breed...a community access bulletin board channel. They are channels of the past in much of America. Social media, YouTube, all putting them out of business.
Public access still has a use for local government. Council meetings are still watched more on TV than the internet. It’s more out of habit.
My mother also used to buy stuff like the Perfect Pasta Pot, probably from QVC or HSN. She also bought a set of kitchen knives from a salesman at the beauty salon who claimed he had to sell extra sets he had, or he’d get fired for not making his sales totals for the day. This was when I was also selling kitchen knives. I asked her why she didn’t buy mine and she said, “His were cheaper!” I wish I was kidding.
HSN and QVC are renting subchannels on KABC-7, KCAL-9, and KPXN-30 in Los Angeles. That's noteworthy because those stations are all core broadcasters in the market, not the chicken scratch LPTVs shopping networks typically align with. Which itself is indicative of the degree to which the big stations are hurting for cash. I think the loss of these networks' monthly checks will sting them a bit.
I could always see that their primary sales exploit was keeping lonely people company. I mean, seriously: https://files.catbox.moe/7tdzuf.mp4
If that's the case, I'm surprised none of the shopping shows haven't used these theme songs:
If they watch/buy from the channels to forget that they’re lonely, why would they want the channels to remind them they’re lonely?
“Hey losers, how about buying some of this crap we are selling you.” not the best way to run a business.
Bankruptcy filing:
www.inquirer.com
QVC says it will file for bankruptcy
West Chester-based QVC Group says it plans to continue operating its businesses through the bankruptcy.
www.inquirer.com
I bought a gently-used Magic Bullet set at an estate sale a few years ago. I still have never used it. I need to pull it out and USE IT for fruit smoothies!! The infomercial (mid-2000s) was the best! More entertaining than Ronco's Set it and Forget It Showtime Rotisserie or the Miracle Blade. I don't remember QVC or HSN ever selling it...I believe it was an infomercial-only product for several years.
Anyhow, the announcement of the bankruptcy does not surprise me. $6 billion in debt? YIKES.
Anyhow, the announcement of the bankruptcy does not surprise me. $6 billion in debt? YIKES.
Any chance Comcast and other cable companies respond to the QVC bankruptcy filing by immediately dropping those channels off those systems?
Same with LPTV stations which carry QVC (and for that matter, I would not be surprised if HSN goes bankrupt soon).
Same with LPTV stations which carry QVC (and for that matter, I would not be surprised if HSN goes bankrupt soon).
I doubt it. Even if Comcast and other cable systems are creditors and are owed money they may never get paid, they should still get payments for their % of sales originating from their viewers from the date of the bankruptcy filing forward. It isn’t costing cable operators anything to carry QVC, HSN, etc.
HSN and QVC are both members of QVC Group, so they both went bankrupt this week.
Immediately? Not likely. But there certainly are possibilities that decisions made in the bankruptcy proceeding affects their carriage.