WEST CHESTER, Pa., Oct. 21, 2014 /PRNewswire/ -- QVC, the
global leader in video and ecommerce retail, announced that the
tracking stock for the QVC Group is now trading on NASDAQ under the
ticker symbols "QVCA" and "QVCB," respectively. QVC's parent,
Liberty Interactive Corporation ("Liberty") (Nasdaq: QVCA, QVCB,
LVNTA, LVNTB), has recently realigned Liberty's businesses to
create a pure play multimedia retail tracking stock that will track
the performance of QVC, Inc. and Liberty's approximately 38%
interest in HSN, Inc., as well as cash and certain liabilities, and
the tracking stock group formerly known as the Interactive Group is
now known as the QVC Group.
The QVC Group tracking stock allows investors to more closely
track QVC's strong performance, including its leadership in mobile
ecommerce and its visionary innovations that provide customers with
a seamless, integrated shopping experience across all digital
platforms. It also provides greater clarity and visibility into
QVC's operational and financial results.
Mike George, President & CEO
of QVC, Inc., stated, "QVC has emerged as a clear leader in the
retail space. Our multichannel approach provides an engaging and
immersive shopping experience that fosters meaningful relationships
and customer loyalty. The QVC tracking stock is a testament to both
our progress and future growth potential. As we build upon our
track record of top-line expansion, industry-leading margins, and
prudent capital allocation, we look forward to delivering
increasing value to our shareholders."
ABOUT QVC
QVC, Inc., a wholly owned subsidiary of Liberty Interactive
Corporation (NASDAQ: QVCA, QVCB), is the world's leading video and
ecommerce retailer. QVC is committed to providing its customers
with thousands of the most innovative and contemporary beauty,
fashion, jewelry and home products. Its programming is distributed
to approximately 300 million homes worldwide through operations in
the U.S., Japan, Germany, United Kingdom, Italy and a joint venture
in China. Based in West Chester, Pa. and founded in 1986, QVC has
evolved from a TV shopping company to a leading ecommerce and
mobile commerce retailer. The company's website, QVC.com, is ranked
among the top general merchant Internet sites. QVC, Q, and the Q
Ribbon Logo are registered service marks of ER Marks, Inc.
ABOUT LIBERTY INTERACTIVE CORPORATION
Liberty Interactive Corporation operates and owns interests in a
broad range of digital commerce businesses. Those interests are
currently attributed to two tracking stock groups: the QVC Group
(formerly referred to as the Liberty Interactive Group) and the
Liberty Ventures Group. The businesses and assets attributed to the
QVC Group (Nasdaq: QVCA, QVCB) consist of Liberty Interactive's
subsidiary, QVC, Inc., and its interest in HSN, Inc., and the
businesses and assets attributed to the Liberty Ventures Group
(Nasdaq: LVNTA, LVNTB) consist of all of Liberty Interactive
Corporation's businesses and assets other than those attributed to
the QVC Group, including its interest in Expedia, its subsidiaries
Provide Commerce, Inc., Backcountry.com, Inc., Bodybuilding.com,
Inc., Commerce Technologies, Inc., LMC Right Start, Inc. and Evite,
Inc., and minority interests in Time Warner, Time Warner Cable,
Lending Tree and Interval Leisure Group.
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SOURCE QVC, Inc.