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HouTex
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QVC and HSN Will Merge

submitted 132 days ago by HouTex in "Stores / Merchants"


http://www.cbsnews.com/news/qv.....le-amazon/

Rival QVC and Home Shopping Network are merging in a $2.6 billion stock deal as home-shopping network sales are dropping. The deal is expected to close in the fourth quarter of 2017. They are attempting to retain consumers they believe are switching to internet-based retail. The combined network would make them the third-biggest in the U.S. by sales, behind Amazon and Walmart. Their key focus to compete successfully means they will have to offer unique, exclusive products at a compelling value.

Combined, the companies will serve an estimated 23 million customers worldwide and ship more than 320 million packages every year. The strength of QVC is in fashion and beauty, while HSN focuses on areas like electronics, fitness and health.

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