Tranche Update on Qurate Retail, Inc. (NasdaqGS:QRTE.A)'s Equity Buyback Plan announced on August 8, 2014.
August 05, 2021
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From April 1, 2021 to June 30, 2021, the company has repurchased 5,197,180 shares, representing 1.26% for $64.29 million. With this, the company has completed the repurchase of 187,744,873 shares, representing 36.39% for $4,120.14 million under the buyback announced on August 8, 2014.
Qurate Retail, Inc. owns controlling and non-controlling interests in a range of video and online commerce companies. It operates through its subsidiaries, QVC, Inc. (QVC), which includes, HSN, Inc. (HSN) and Cornerstone Brands, Inc. (CBI). The Companyâs segments include QxH, QVC and CBI. QxH segment markets and sells a variety of consumer products in the United States, primarily by means of its televised shopping programs and via the Internet through their websites and mobile applications. QVC International segment markets and sells a variety of consumer products in several foreign countries, primarily by means of its televised shopping programs and via the Internet through its international websites and mobile applications. CBI segment consists of a portfolio of aspirational home and apparel brands in the United States, which sells merchandise through brick-and-mortar retail locations, as well as via the Internet through their websites.