IndependentsJun 10, 2024
State of Retail: 4 Retail Design Trends for 2024MajorsJun 13, 2024
HSN, QVC Parent Company Faces Delisting
Qurate Retail is in the middle of a turnaround plan as it battles declining sales.
Qurate Retail, the parent company of shopping networks HSN and QVC, may be delisted from the NASDQ if it can’t boost its share price.
Englewood, Co.—Qurate Retail Inc., the parent company of HSN and QVC, is facing being delisted from the NASDAQ due to a falling share price.
The company, which trades under the ticker “QRTEA,” received written notice from the exchange Monday that it was at risk of delisting because its share price has not met the minimum bid price requirement of $1.
It has been below $1 per share for 30 consecutive business days, according to its 8-K filing.
To regain compliance, the closing bid price has to meet or exceed $1 per share for a minimum of 10 consecutive business days prior to Dec. 9.
The company ranked No. 22 in this year’s State of the Majors’ “$100 Million Super Sellers” list by National Jeweler, reporting $304 million in watch and jewelry sales in North America in 2023.
Related stories will be right here …
The company, which trades under the ticker “QRTEA,” received written notice from the exchange Monday that it was at risk of delisting because its share price has not met the minimum bid price requirement of $1.
It has been below $1 per share for 30 consecutive business days, according to its 8-K filing.
To regain compliance, the closing bid price has to meet or exceed $1 per share for a minimum of 10 consecutive business days prior to Dec. 9.
The company ranked No. 22 in this year’s State of the Majors’ “$100 Million Super Sellers” list by National Jeweler, reporting $304 million in watch and jewelry sales in North America in 2023.
Qurate is in the midst of a turnaround plan as it battles falling sales.
In its first-quarter report released May 8, the company posted an 11 percent year-over-year drop in revenue, totaling $2.34 billion.
First-quarter revenue at QVC in the U.S. and HSN fell 4 percent to $1.54 billion.
Qurate’s portfolio also includes retail brands Ballard Designs, Frontgate, Garnet Hill, and Grandin Road, as well as QVC International.
The company noted growth in sales of accessories and jewelry but declines in the home and apparel categories.
“Our first quarter results demonstrate the continued momentum in our turnaround,” said David Rawlinson, president and CEO of Qurate Retail.
“We are successfully delivering on our transformation initiatives to reduce costs and improve product margins while prioritizing enhanced merchandise, brand launches, and celebrity partnerships which are hallmarks of the QVC and HSN brands. We are focused on achieving our stated objectives throughout 2024 and positioning the business for sustainable future growth.”
The company launched its “Age of Possibility” campaign in April, showcasing inspiring women over 50, including Billie Jean King, Patti LaBelle, Queen Latifah, and Martha Stewart, to appeal to that age demographic.
Editors' Picks
Sponsored by
More on Majors
The Latest
Weekly QuizOct 03, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
PodcastsJan 12, 2026
Introducing My Next Question, the PodcastA monthly podcast series for jewelry professionals
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
PodcastsNov 27, 2025
Test Podcast With VideoTest Podcast With Video. New interview with Ada Lovelace.
PodcastsNov 25, 2025
Test New Podcast PostAbstract for tests. New Podcast interview with John Lennon, Jimi Hendrix and Jim Morison.
ColumnistsOct 09, 2024
Peter Smith: 7 Things to Know When Selling LuxuryAhead of the holiday season, Smith delves into the often subconscious reasons people buy luxury products for themselves or their loved ones.
AuctionsOct 09, 2024
Rolex Worn on Apollo 14 Mission Up for SaleThe GMT-Master “Pepsi” belonging to astronaut Edgar Mitchell is a standout in RR Auction’s online “Space Auction,” going on now.
MajorsOct 09, 2024
PGI Launches New Virtual Sales TrainingRetail sales associates can access the video series on mobile to refresh their selling skills.
Policies & IssuesOct 09, 2024
GJNRF: Reaching Out, Rebuilding Futures For 25 years, India’s Gem & Jewellery National Relief Foundation has provided aid in the wake of war, natural disasters, and global crises.
AuctionsOct 08, 2024
Sotheby’s Selling Jewelry That Belonged to a Bulgarian TsarThe November auction will feature a collection of jewels owned by Ferdinand I, the first king of modern Bulgaria, and his family.
SourcingOct 08, 2024
Rio Tinto Begins New Phase of Production That Will Extend Diavik’s LifeCommercial production has begun underground at the Canadian diamond mine’s A21 pipe.
SurveysOct 08, 2024
What to Know About Online Shopping This Holiday SeasonDeloitte and Adobe Analytics shared their insights on the season, from the retail sales forecast to the role of generative AI.
CollectionsOct 08, 2024
Sylvie Adds New Men’s BandsThe Texas-based jeweler collaborated with luxury clothing brand Uncommon Man on men’s bands designed with European influences.
SourcingOct 08, 2024
Is Current Diamond Industry Turbulence Shaping a ‘New Normal’? Industry players have found ways to cope with market conditions while working to reshape themselves in the face of emerging realities.
SourcingOct 07, 2024
Rio Tinto to Offer 76 Diamonds in 2024 Beyond Rare Tender The sales event, in its second year, features a selection of rare diamonds from the miner’s Argyle and Diavik diamond mines.
CollectionsOct 07, 2024
Olympian Kristi Yamaguchi Partners With Heller Jewelers on New CollectionA portion of the proceeds from the “Always Dream” collection will go to Yamaguchi's foundation, supporting early childhood literacy.
SurveysOct 07, 2024
Hill & Co.’s New ‘Business of Jewelry Report’ Is OutThe first in what is slated to be a series of in-depth reports from the consulting company, it focuses on shortening supply chains.
