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NEWS
September 28, 2004 | By Kathleen Brady Shea INQUIRER STAFF WRITER
QVC show host Lisa Robertson has a tenacious fan club - evident by the growing number of court cases she generates. Yesterday, the third in a string of overly determined admirers learned that obsessing over the former Miss Tennessee costs more than the products she pitches on the home-shopping network. The price for Peter Ferreira: 132 days in Chester County Prison on a stalking charge. Yesterday, Ferreira, 41, of Plainfield, Conn., received credit for time served and was paroled as part of a plea agreement accepted by Chester County Court Judge Paula Francisco Ott. Ferreira must also spend three years on probation and receive a mental-health evaluation.
NEWS
September 3, 2010
QVC has refinanced its credit facility with a new revolving line of credit of as much as $2 billion. The West Chester-based home-shopping channel, which is owned by Liberty Media Corp. of Englewood, Colo., immediately drew $1.83 billion at closing, Liberty Media said Thursday in a release. The new maturity date of 2015 replaces the credit facilities that were to expire between 2011 and 2014, while reducing the weighted average rate. "The new facilities enhance QVC's credit profile and further strengthen its balance sheet by providing additional financial flexibility and liquidity," said Greg Maffei, president and CEO of Liberty.
SPORTS
October 31, 2008
World Series MVP Cole Hamels, rightfielder Shane Victorino and Hall of Famer Mike Schmidt will be on QVC tonight to sell baseball collectibles. All three will be on at 11 p.m. to sell a Hamels-autographed World Series baseball; a Victorino-autographed World Series baseball; a framed Phillies team collage; a "1980 to 2008" Phillies framed picture; and a World Series leather jacket. Victorino and Schmidt will be on at 1 a.m. as well.
BUSINESS
May 19, 1994 | By Michael L. Rozansky, and Andrew Maykuth, INQUIRER STAFF WRITERS
Hit by losses from new overseas ventures, QVC Inc. said yesterday that first-quarter earnings dropped 44 percent from 1993. The West Chester company's TV home-shopping ventures in Mexico and the United Kingdom, begun last fall, lost $10 million, or 13 cents per share, for the quarter. QVC chairman Barry Diller said QVC's profit margin in its core retailing business slipped unexpectedly because of rising gold prices and because of strong sales of low-margin promotional specials.
FOOD
March 27, 1996 | by Al Hunter Jr., Daily News Staff Writer
Six years ago, its future was as murky as a bowl of split pea soup. But this year, the Book and the Cook has hit the big time. The definitive sign - it now sports the name of a corporate entity. The new name: "QVC's The Book and the Cook. " The city's premier dining event, which this year runs April 21 to 28, is a marriage made in culinary heaven. QVC Inc., the West Chester-based home shopping network, will spotlight some of their most popular TV chefs during the annual extravaganza that features internationally known chefs cooking in Philadelphia restaurants.
BUSINESS
March 12, 2016 | By Suzette Parmley, Staff Writer
QVC, the West Chester-based multimedia shopping company, is expanding overseas and cutting jobs - at the same time. The company founded in 1986 in the Philly suburbs now gets nearly a third of its revenue from outside the United States. At the same time, changing habits, and a younger shopper adept at mobile devices, have forced the company to focus more online and on many more digital platforms. Last year, $3.5 billion of QVC's $8.8 billion in net revenue came from e-commerce, half of which was from mobile platforms alone.
NEWS
November 5, 1989 | By Vyola P. Willson, Special to The Inquirer
On Nov. 1, 1986, QVC Inc. of West Chester had not much more than an office and a plan to begin transmitting to home shoppers part time. Today, three years and one merger later, QVC has become the nation's No. 1 home-shopping network. Last week, QVC completed its merger with CVN Companies Inc. of Plymouth, Minn., paying CVN stockholders $19 plus one-eighth of a QVC share for each share of CVN stock. The estimated sales of the new QVC should bump $1 billion annually. "Where we go from here I cannot predict exactly," chairman Joseph M. Segel told shareholders at a no-frills meeting to approve the merger Tuesday.
BUSINESS
December 10, 1994 | By Andrew Cassel, INQUIRER STAFF WRITER
Losses from new ventures drove QVC Inc.'s third-quarter profits lower, the West Chester electronic retailer said yesterday. QVC said its results included net losses of $7.9 million, or 16 cents per share, from the company's Secondary Channel, a service that includes its "onQ" and "Q2" cable shopping channels. QVC also posted losses of $4.9 million, or 10 cents per share, from joint ventures. Results for the nine-month period ended Oct. 31 include net losses from the Secondary Channel of $10 million, or 20 cents per share, and net losses from joint ventures of $17.4 million, or 35 cents per share.
BUSINESS
April 11, 2006 | By Thomas J. Brady INQUIRER STAFF WRITER
QVC has named Michael George president and chief executive officer, effective yesterday. He replaces Doug Briggs, who had been in the position since 1995, and who is retiring. George said yesterday that he did not envision making a lot of changes at the television shopping channel. "I just hope to be carrying on the success and traditions that we've enjoyed," he said. He specifically said he wanted to continue QVC's sales growth. Global sales last year for the Liberty Media Corp.
BUSINESS
May 11, 1999 | By Patricia Horn, INQUIRER STAFF WRITER
Philadelphia cable company Comcast Corp. reported strong first-quarter earnings yesterday, driven by its cable shopping network, QVC. The country's No. 3 cable company reported a 9.5 percent jump in revenues and a 22 percent jump in cash flow over the same period last year. Cash flow is a key indicator of financial performance for cable firms. In addition, Comcast reported higher sales of its cable modem and digital cable services - two new advanced services that are expected to drive the company's future revenue growth.
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ARTICLES BY DATE
BUSINESS
August 10, 2016 | By Joseph N. DiStefano, Staff Writer
Two more signs that Amazon.com is rattling competitors: Shares of QVC (Liberty Interactive), the West Chester-based shopping service, fell more than 20 percent Friday, after it reported women's clothing sales had fallen this summer just as Amazon.com rolled out its own women's clothing sales platform. After years of forcing department and big-box stores out of business, is Amazon "taking market share" from QVC? asked Barton Crockett, retail analyst for FBR Capital Markets, in an investor conference call Friday with QVC boss Michael George.
NEWS
June 17, 2016 | By Howard Gensler
VERSATILE Erin Elmore , the former Apprentice , TV anchor, QVC guest host and PhillyGossip favorite, is spending the first half of her summer in Cleveland. Elmore, who studied poly sci at the University of Miami and got her law degree at Villanova, has been named Deputy Press Secretary for Caucus Operations at the Republican National Convention, working, she said by phone, as "the liaison between the convention and Donald Trump . " Surprised that she's working in Republican Party politics, Elmore said her TV and Apprentice background got her foot in the door.
ENTERTAINMENT
April 27, 2016 | By Howard Gensler
BACK WHEN Tattle was a boy, people kept their opinions to themselves. Then sportstalk radio let every fan with a transistor and a rotary phone have a forum to boorishly mouth off. Then political call-in radio replaced the oratory of Lincoln with the bloviating of . . . pick anyone. This development meshed with online comments sections, which allowed trolls who couldn't write a whole letter to their newspaper to spew venom before the minimalist ideas rattling around in their brains even had time to gestate.
BUSINESS
April 25, 2016 | By Diane Mastrull, Staff Writer
This particular Thursday night in April, cold beer and thin-crust pizza were plentiful. Desks had been rolled out of the way, replaced by rows of chairs filled with mostly twenty- and thirtysomethings drinking, eating, and generally having a good time. By coworking-space standards, it seemed like a run-of-the-mill happy hour at Benjamin's Desk on 17th Street in Center City. Routine, that is, until the first name was called, a woman rose from her chair and stepped to the microphone, and the storytelling began.
BUSINESS
March 12, 2016 | By Suzette Parmley, Staff Writer
QVC, the West Chester-based multimedia shopping company, is expanding overseas and cutting jobs - at the same time. The company founded in 1986 in the Philly suburbs now gets nearly a third of its revenue from outside the United States. At the same time, changing habits, and a younger shopper adept at mobile devices, have forced the company to focus more online and on many more digital platforms. Last year, $3.5 billion of QVC's $8.8 billion in net revenue came from e-commerce, half of which was from mobile platforms alone.
NEWS
February 2, 2016
VANESSA Z. CHAN, 42, of Queen Village, is founder & chief designer of re.design, a business she started in January 2015. Chan, a former consultant for McKinsey & Co. and a materials-science engineer, designed loopit as a practical solution for tangled earbuds. Q: How did you come up with the idea? A: I was a consultant for 14 years and co-led McKinsey's innovation practice in Philadelphia. There were lots of problems for consumers but no great solutions. I had an "a-ha!"
BUSINESS
November 17, 2015
At the Pennsylvania Conference for Women on Thursday, women of all ages will descend on Center City to glean wisdom from the likes of Jessica Alba, actress and entrepreneur; Gloria Steinem, women's rights pioneer; Rachael Ray, celebrity chef and TV host; Nobel Peace Prize winner Leymah Gbowee from Liberia; and Carli Lloyd, World Cup soccer superstar. Some will offer tips on how to start your own business, including Lori Goldstein, a longtime stylist for Vanity Fair and other magazines as well as for high-style photographer Annie Leibovitz.
BUSINESS
September 26, 2015 | By Bob Fernandez, Inquirer Staff Writer
The U.S. Attorney in Philadelphia charged a former lighting manager at QVC Inc., the West Chester-based TV and online shopping network, with orchestrating an alleged $1.8 million fake-invoice scam. Douglas S. Rae, 58, of Bethlehem, could face 20 years in prison, an $8.75 million fine, and payment of full restitution on charges of mail fraud, wire fraud, conspiracy to commit wire fraud, and money laundering, federal prosecutors said in documents filed last week. Rae submitted $900,000 in fake invoices directly to QVC through two companies he controlled, Lighting Equipment Sales & Service Inc. and Lighting Products International Inc., according to the indictment.
BUSINESS
September 26, 2015 | By Bob Fernandez, Inquirer Staff Writer
The U.S. Attorney in Philadelphia charged a former lighting manager at QVC Inc., the West Chester-based TV and online shopping network, for allegedly orchestrating the submission of $1.8 million in bogus invoices between 2006 and 2013. Douglas S. Rae, a 58-year-old Bethlehem man, faces 20 years in prison, an $8.75 million fine and paying full restitutiton on charges of mail fraud, wire fraud, conspiracy to commit wire fraud and money laundering, federal prosecutors say in court documets filed last week.
BUSINESS
August 19, 2015 | By Joseph N. DiStefano, Inquirer Staff Writer
Even as Michael George, CEO of West Chester-based TV and online shopping giant QVC Inc., prepares to start a new channel in France this month, he is planning to spend time in Seattle, home to Zulily Inc., which QVC owner Liberty Interactive Corp. said Monday it had agreed to buy for $2.4 billion in cash and stock. Zulily supplies boutique sippy cups, small lots of maternity pants, and thousands more products to smartphone-using mothers in their 20s and 30s. QVC wants to add Zulily's "millennium moms" to its own base of "35- to 65-year-old women, which Zulily perfectly complements," George said in a Monday afternoon interview, after fielding questions from Zulily software developers and managers.
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