Sales at QxH, the combined two home shopping networks, decreased 1%, to $2 billion versus the same-period last year
“The modest decline in QxH revenue reflects a 6.1% decline in average selling price mostly offset by a 4.5% increase in units sold,” Qurate said in a press release. “QxH experienced a 15% increase in units purchased per customer and an 8% increase in spend per customer, offset by a decline in customer count compared to last year’s strong gains. QxH reported growth in apparel and accessories, offset by a decline in electronics, beauty and home.”
And here is what outgoing CEO Mike George had to say.
“Our results demonstrate that we are a stronger business today than when we entered the pandemic, with an expanded loyal customer base, leadership across multiple product categories, more extensive distribution and reach of our digital and video content, including the launch of our streaming service on Comcast, and an outstanding durable financial position. We’re well positioned for growth, poised to take advantage of the accelerated trends toward online shopping, video streaming, social media, and all things for the home.”