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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.
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.
BUSINESS
May 23, 1989 | By Nancy Hass, Daily News Staff Writer
QVC, the West Chester-based home shopping cable television network, will launch a second cable channel early next year, featuring national retailers, chairman Joseph M. Segel said yesterday. Segel said individual time slots on the new channel, which has not yet been named, will be sponsored by retailers, much like a "video shopping mall. " "This will be a bold and dramatic departure from the single-merchant orientation of existing televised shopping programs," he said. "Each (of the two channels)
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ARTICLES BY DATE
FOOD
December 5, 2014 | By Michael Klein, For The Inquirer
New Bridgeport dining spot Something new and dramatic in sleepy little Bridgeport, across the Schuylkill from Norristown: Taphouse 23 (266 E. Fourth St., Bridgeport, 610-277-2323 ), which two weeks ago replaced a series of corner bars, most recently the Point. It's the pet project of local businessman Gary Johnson of Tube Methods, who after buying the joint realized that it needed more than a coat of paint. A top-to-bottom redo yielded dining areas off the two-sided bar as well as the roomy second floor, clad in wood with glass.
BUSINESS
November 18, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
If any company should be comfortable in the cutthroat business of American retail these days, it should be QVC , the West Chester-based instant-shopping outfit. Store chains such as Urban Outfitters are scrambling to reach buyers through smartphone apps, wired warehouses, and data-guided custom offers in social media. Even Walmart is cutting way back on building new stores. Online-sales giant Amazon.com , for all its rapid growth, is barely profitable. QVC has no chain stores, just its high-ceilinged studio/headquarters at the former Commodore Computer complex, a Lancaster County warehouse, and similar centers in Britain, Italy, Germany, Japan, China, and, soon, France.
ENTERTAINMENT
November 9, 2014 | By Erin E. Arvedlund, Inquirer Columnist
You have an idea for a business, or an invention, or a brand? How do you get started, and where? Right in our own backyard, it turns out. Put aside any snobbishness about selling online and on TV because you just might reach 110 million viewers. Home-shopping giant QVC, based in West Chester, has a fairly new start-up-seeding program called QVC Sprouts. If you want immediate crowd-sourced feedback, this could be the way to go for you. Just ask QVC millionaire Tara McConnell.
NEWS
September 6, 2014 | By Elizabeth Wellington, Inquirer Fashion Writer
Joan Rivers was legendary when it came to the caustic celebrity put-down: "I can't wait for Britney Spears to lose her job so she can serve me coffee at 7-Eleven. " No one out there admitted to as many cosmetic procedures: "I've had so much plastic surgery, when I die, they will donate my body to Tupperware," she once joked. And sales of her eponymous collection of jewelry, apparel and cosmetics, selling for 24 years on West Chester-based QVC, reached a total of more than $1 billion this year.
NEWS
August 18, 2014 | By Molly Eichel
TRAFFIC REPORTER Kacie McDonnell announced on yesterday's "Good Day Philadelphia" that it was her last day at Fox 29. The popular traffic reporter has decided to move closer to her boyfriend, Kansas City Chiefs quarterback Aaron Murray (Murray's brother Josh recently won the heart of Andi Dorfman on "The Bachelorette"). Their relationship become public last year. McDonnell tearfully said goodbye to her "Good Day" family, saying she will always be a Philly girl. She's going to KSHB 41 Action News, the NBC affiliate in Kansas City, where she'll be the morning traffic reporter.
BUSINESS
July 1, 2014 | By Diane Mastrull, Inquirer Columnist
That smiling scrubber continues to clean up. With nearly seven million happy-faced pads sold since its national debut in 2012, Scrub Daddy is now the most successful product in the five-year history of Shark Tank , ABC-TV's competition show for entrepreneurs. On QVC alone, more than 2.5 million Scrub Daddys have sold since April 2012. You can find them at Bed Bath & Beyond and Walmart, as well as in supermarkets. But consumers told the daddy of Scrub Daddy, Voorhees inventor Aaron Krause, that they want more.
NEWS
June 3, 2014 | By Michaelle Bond, Inquirer Staff Writer
Chester County, seeking to enhance its reputation as a business destination, can already boast of being home to two well-known companies. "People know Vanguard," County Commissioner Ryan Costello said of the financial giant. "People know QVC," he said of the popular TV shopping network. Now, local officials are looking for Victory Brewing Co. to boost the county's image, too. "It's a story of local success we can all be proud of," Guy Ciarrocchi, president of the Chester County Chamber of Business and Industry, said of Victory, which opened its first brewery in Downingtown in 1996.
BUSINESS
January 6, 2014 | By Jane M. Von Bergen, Inquirer Staff Writer
Apropos of New Year's resolutions and fresh starts, maybe you've decided that this is the year that you are going to gear up your game at work. But how? We asked chief executives and top leaders of local businesses and nonprofits - people who have proved their ability to succeed. As a species, they're an interesting group, as we've discovered in our question-and-answer Leadership Agenda profiles published each Monday in The Inquirer. They work all the time, weekends, evenings.
BUSINESS
December 3, 2013 | By Jane M. Von Bergen, Inquirer Staff Writer
This holiday season, more than half of the nation's employees will shop online - during work hours - reports the online job board CareerBuilder. On Cyber Monday, that has to be good news for Mike George, 52, chief executive of QVC Inc., one of the nation's largest online mass retailers. It's ranked second, after Amazon. Online? Isn't QVC a television shopping channel? In the most recent quarter, online shopping accounted for 37 percent of the West Chester company's global revenue, with mobile bringing in a third of U.S. e-commerce sales.
BUSINESS
October 12, 2013 | By Linda Loyd, Inquirer Staff Writer
The success of West Chester-based QVC Inc. led its parent company, Liberty Interactive Corp., to announce Thursday that it would give the e-commerce retailer and cable shopping business its own "tracking stock. " Englewood, Colo.-based Liberty said it was making the change "intended to provide greater clarity regarding QVC's strong operating metrics, such as its leadership in mobile commerce and pioneering efforts in establishing social shopping platforms for its customers. " A tracking stock is issued by a parent company to follow the performance of a specific division.
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