Home Shopping Network Owner QVC at Risk of Removal from Exchange

  • Qurate Retail faces delisting from Nasdaq due to non-compliance with minimum bid price requirement
  • Company runs home shopping networks QVC and HSN, as well as brands Ballard Designs, Frontgate, Garnet Hill, and Grandin Road
  • Delisting can be avoided if the company’s stock price meets or exceeds $1.00 per share for 10 consecutive business days before Dec. 9
  • Qurate has until Dec. 9 to regain compliance or may enter an additional 180-day period by transferring listing to Nasdaq Capital Market

Qurate Retail, the company behind home shopping networks QVC and HSN, is facing delisting from Nasdaq due to a falling share price. The company has until December 9th to regain compliance with the exchange’s minimum bid price requirement or risk being removed. With brands such as Ballard Designs, Frontgate, and Garnet Hill under its belt, Qurate Retail must act fast to avoid potential consequences. If the stock price meets or exceeds $1.00 per share for 10 consecutive business days before December 9th, it will regain compliance.

Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about Qurate Retail’s financial situation and its potential delisting from Nasdaq Global Select Market. It also mentions the company’s subsidiaries and recent changes in management roles. However, it lacks some context on the overall market trends or industry-specific factors that may have contributed to Qurate Retail’s struggles.
Noise Level: 3
Noise Justification: The article provides relevant information about Qurate Retail’s financial situation and its potential delisting from Nasdaq Global Select Market. However, it lacks in-depth analysis or exploration of the reasons behind the company’s struggles and does not offer actionable insights for readers.
Financial Relevance: Yes
Financial Markets Impacted: Nasdaq Global Select Market and Nasdaq Capital Market
Financial Rating Justification: The article discusses Qurate Retail’s potential delisting from the Nasdaq Global Select Market due to falling sales, net losses, and rising debt, which impacts financial markets and the company itself.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.

Reported publicly: www.retaildive.com