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QRTEB / Qurate Retail Plans Turnaround Amid 16% Revenue Drop

Video commerce giant and QVC owner Quarate Retail is implementing a turnaround plan amid across-the-board declines in revenue, the company reported Friday (Aug. 5). According to the company's second-quarter earnings report, the company's revenue decreased 16% to $3 billion, while its eCommerce revenue fell 17% to $1.8 billion, or 61% of its total revenue. Read More

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QRTEB

Posted: Aug 5 2022, 10:42

Author Name: PYMNTS

QRTEB News

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