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QVC Group delays annual report amid financial uncertainty

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PTBoardOp93

The owner of QVC and HSN petitioned the Securities and Exchange Commission this week, asking for more time to release its required annual report for 2025. The filing notes that the company expects its annual report to include a "going concern" warning from its auditor, which indicates a high risk for bankruptcy.

Bloomberg reported several weeks ago that the company was considering filing for bankruptcy.

 
My wife says almost everything is offered at "5 easy payments". So basically they are selling stuff "interest free" for a almost a half of a year.

I know they have a large mark-up but somehow that interest expense has to be covered. A lot of their "exclusives" can be found on line with in a week or two, cheaper if you pay "cash" with your favorite card. My wife also has noticed a lot of the "older" hosts have "moved on".
 
PTBoardOp93 said:
The owner of QVC and HSN petitioned the Securities and Exchange Commission this week, asking for more time to release its required annual report for 2025.
Click to expand...

Funny...that's the exact same thing Cumulus, Saga, and Urban One did:

radioink.com

Cumulus, Saga, Beasley To File Late on Annual Financial Reports - Radio Ink

Cumulus Media and Saga Communications have both missed their annual SEC filing deadlines, for very different reasons.
radioink.com radioink.com

So it's not just radio that's in trouble right now.

Perhaps the fact that people are dropping cable is affecting them. Perhaps the fact that they're competing with Amazon and eBay. Linear shopping has the same problem as linear radio: The channel sets the agenda, not the viewer.
 
If you studied Marketing in college in the 1970's you had a course called "channels" which covered the manufacturer to consumer options. One of the really sobering exercises we had to work on was the distribution costs. The "last mile" sometimes costs more than the whole distribution chain for the product to reach the final customer. That's why Amazon is building out their network of trucks. Expenses have caused the Postal service not to renew their Amazon contract. If you read the Aldi website the prices for delivery "item pricing may vary". I can guarantee you it won't be lower than what you would pay to buy it in their stores. Kroger tried online no stores in Florida and failed.

Economics is built on the principal that consumers will gravitate to the "perceived" best value.
 
TheBigA said:
It hasn't affected Amazon.
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Amazon has a great business model. For a small membership fee you can find ANYTHING you want at low or reasonable prices. Last I checked QVC doesn't sell groceries, pharmacy or business services, video and music streaming, toiletries, and too many others to mention. Its comparing apples to oranges. I've never seen essentials advertised on QVC between the jewelry and vacuum cleaners.
 
secondchoice said:
If you studied Marketing in college in the 1970's you had a course called "channels" which covered the manufacturer to consumer options. One of the really sobering exercises we had to work on was the distribution costs. The "last mile" sometimes costs more than the whole distribution chain for the product to reach the final customer. That's why Amazon is building out their network of trucks. Expenses have caused the Postal service not to renew their Amazon contract. If you read the Aldi website the prices for delivery "item pricing may vary". I can guarantee you it won't be lower than what you would pay to buy it in their stores. Kroger tried online no stores in Florida and failed.

Economics is built on the principal that consumers will gravitate to the "perceived" best value.
Click to expand...
To their credit Amazon's Whole Foods delivery is the exact same price you pay in the store. I know because I use their delivery frequently.
 
KilowattKat said:
Its comparing apples to oranges. I've never seen essentials advertised on QVC between the jewelry and vacuum cleaners.
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They're both mail order. One uses cable TV, the other uses the internet. Otherwise they're both mail order.

QVC sets the agenda. They COULD sell other things. They program the channel. That's the problem.
 
TheBigA said:
They're both mail order. One uses cable TV, the other uses the internet. Otherwise they're both mail order.

QVC sets the agenda. They COULD sell other things. They program the channel. That's the problem.
Click to expand...
I agree, I've only seen QVC on cable, which is dying. A bad place to stake your future. I still think it's a perfect storm that's happening, a dying business model based on linear TV, the shift to online shopping, and the economy.

Come to think of it, the only person I know of that bought from QVC was my grandmother, and she's been dead for over 20 years now.
 
QVC is trying to engage potential shoppers on TikTok and other social media. Is it too late?

Just as internet based shopping has really hurt bricks and mortar stores, it has also hurt QVC.
 
If QVC and/or HSN shut down entirely, any chance cable systems could fill their vacant channel spots (which have been moved to 1di or 2di numbers in many areas in the past 30+ years) with a few of the local netlet stations or even "promote" an OTA channel to a "lower" but "more prestigious" channel number?

For example, on Comcast's Springfield (IL) area headend, HSN is Channel 11 (SD) and QVC is 13. Meanwhile, local MyNet WCIX-49.1 (Springfield) is cable channel 19.

Also, the rest of the "2-13" lineup is:

--2: WICS-20.1 Springfield (ABC)
--3: WCIA-3.1 Champaign/49.2 Springfield (CBS)
--4: "Access 4 Springfield" (public access channel, has seen better days)
--5: ShopNBC (or something like that)
--6: WBIU-23.1 Decatur (CW)
--7: WRSP-55.1 Springfield (Fox)
--8: WSEC-14.1 Jacksonville/Springfield (relay of WSIU-8 Carbondale) (PBS)
--9: Lincoln, IL Public Access channel (formerly longtime location of WGN/WGN America until late 2014)
--10: WAND-17.1 Decatur (NBC)
--11: HSN
--12: WILL-12.1 Urbana (PBS)
--13: QVC

--19: WCIX-49.1 Springfield (My)

If QVC or HSN go belly up maybe Comcast can finally promote WCIX to a "legacy VHF" SD cable channel (if they still insist on downcompressing their HD signals and passing them off as "SD" on their legacy cable channel numbers), either on 11 or 13.
 
valvashon said:
Would love to know what those deals look like- are they flat fee or that plus a percentage of sales or just a percentage?
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I believe it is a percentage of sales, which is why they often have such favorable channel positions on cable lineups, the cable operator has a financial incentive to steer viewers to QVC and HSN.
 
radiofan2023 said:
@Tim from Springfield IL What do those public access channels air for programming?
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Lately, channel 4 has just been showing bumpers of community annoucements, some of which are outdated (including one from the very earliest days of the pandemic). Apparently all local programming on it has been dropped in the past year, including those from two local churches in Springfield. Supposedly the City is planning to relaunch the channel in case the loss of the local programming was staffing-related, but I will believe it when I see it.
 
secondchoice said:
If you studied Marketing in college in the 1970's you had a course called "channels" which covered the manufacturer to consumer options. One of the really sobering exercises we had to work on was the distribution costs. The "last mile" sometimes costs more than the whole distribution chain for the product to reach the final customer. That's why Amazon is building out their network of trucks. Expenses have caused the Postal service not to renew their Amazon contract. If you read the Aldi website the prices for delivery "item pricing may vary". I can guarantee you it won't be lower than what you would pay to buy it in their stores. Kroger tried online no stores in Florida and failed.

Economics is built on the principal that consumers will gravitate to the "perceived" best value.
Click to expand...
And value includes the non-tangible items such as ease of purchase, trust in the merchant and even the neighborhood where a particular store or outlet is.

This is one of the issues that has always affected... perhaps "plagued"... radio: we are the messenger. We don't establish the nature of the seller and we don't create needs with consumers. We just carry a message.

If I am not buying a new car, I have no interest in car ads. And if I'd never buy a pickup, I have even less interest in that type of car. All the ads in the world will not change this. And if I am buying a car, if I've heard bad things about a vehicle or a dealer, I will ignore or resist ads for such options. Or, if I am buying cash, I will be annoyed by the "Only $199 a month and it's yours" advertisements.

This one example is to show that the evaluation of any ad medium depends on the needs and wants of consumers and the ability of vendors to satisfy those needs.

The only place that radio does a horrible job consistently in all this is when the station that got the buy writes copy with no time or interest in doing anything creative or motivational.

On the other hand, a few days ago I heard an ad on a local Palm Springs market station for a pet grooming service. The owner voiced the end of the spot, saying, more or less, "I'm Bob and I'll make your dog beautiful and happy. After your first visit, ask them how they liked it and I'll bet they will love you for it!" It ended with an affectionate barking sound. Stupid? Maybe, but simple and real. Somebody realized that just repeating the phone number over and over won't cut it.
 


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