QVC Group, Inc. (OTC: QVCAQ)

QVC Group Inc owns interests in subsidiaries primarily engaged in video and online commerce. Through its subsidiaries the company operates in North America Europe and Asia. Its principal businesses and assets include the consolidated subsidiaries QVC Inc and Cornerstone Brands Inc as well as other equity investments. The largest reportable segments are QxH which combines QVC US and HSN QVC International and Cornerstone Brands Inc.

QVC Group generates revenue primarily from the sale of consumer products through television broadcasts digital platforms and social media channels. The company offers a wide assortment of goods including home apparel beauty accessories electronics and jewelry. Revenue is derived from product sales to individual consumers who shop via live programming websites mobile apps and partner streaming services. Cornerstone Brands contributes revenue through its catalog and ecommerce operations for its home and apparel brands.

The company operates through the following segments QxH QVC International and Cornerstone Brands Inc.

• QxH combines QVC US and HSN operations delivering live and on demand shopping programming across television digital platforms and social media offering a wide assortment of products in categories such as home apparel beauty accessories electronics and jewelry.

• QVC International extends the QVC shopping experience to audiences outside the United States primarily in Japan Germany the United Kingdom and Italy using broadcast digital and social channels to sell locally tailored merchandise.

• Cornerstone Brands Inc operates a portfolio of home and apparel brands including Ballard Designs Frontgate Grandin Road and Garnet Hill selling products through catalogs ecommerce sites and retail outlet stores.

QVC Group holds a leading position in video retailing electronic commerce mobile commerce and social commerce. The company cites its global reach strong brand recognition extensive distribution relationships with major television providers and flexible payment options as key competitive advantages. Major competitors include large retailers such as Amazon and Walmart as well as specialized television shopping channels like ShopHQ and JTV. In international markets QVC faces competition from local providers such as Jupiter Shop Channel in Japan HSE in Germany and TJC Ideal World Gems TV Must Have Ideas TV and JML Direct in the United Kingdom.

The company serves a broad base of individual consumers primarily in the United States and internationally. A large portion of its customers are women over the age of fifty who make repeat purchases. The business also attracts new and reactivated shoppers across its various platforms. No single customer accounts for a significant share of revenue.