QVC: Difference between revisions

QVC
Headquarters	West Chester, PA
Ownership
Owner	Independent
History
Founder	Joseph Segel

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QVC is a West Chester, Pennsylvania, USA, multinational corporation, specialising in televised home shopping. Founded in 1986 by Joseph Segel, QVC broadcasts in four major countries to 141 million consumers. The name is an initialism—standing for "Quality, Value, Convenience"—ostensibly, the three pillars of Segel's vision for the company.

Corporate history

QVC was founded on June 13, 1986. The first live broadcast took place at 7:30 ET on November 24 of that year. Hosts Kathy Levine and Bob Bowersox featured a shower radio for $11.49. Initially running live for 16 hours a day, the channel extended its broadcast hours to 24 at the beginning of 1987. The corporation set a new record for first full-year fiscal sales for a new public company of $112 million.

In a move that many considered risky, QVC acquired its top competitor, the Cable Value Network (CVN), in 1989, despite the fact that CVN was about twice QVC's size. By February of 1990, many cable systems nationwide had replaced CVN with QVC. The $380 million deal contributed to a loss of $17 million during the next fiscal quarter, and then to difficulties in the couple of years that followed. However, with a major piece of its competition out of the picture, the network eventually progressed to renewed and stronger profitability.

In 1993, QVC, Inc. formed a deal with British Sky Broadcasting (BSkyB) to create a UK version of the channel. QVC—The Shopping Channel first broadcast in the UK on October 1.

On February 2, 1995, Comcast purchased a majority shareholding in QVC, Inc., taking control of the corporation. QVC kicked off the "Quest for America's Best—50 in 50 tour" a 50-week nationwide product search.

QVC's shopping network went online on September 9, 1996, when the company's interactive division, iQVC, launched QVC.com, allowing customers to purchase their items online via the Microsoft Network. QVC Germany launched in December of that year.

QVC launched a spinoff shopping channel, Q2, carried in major cities such as: New York City, Philadelphia, Detroit, Boston, Baltimore, and Dallas-Fort Worth. [1]

QVC was named "Official National Retailer for the 53rd Presidential Inaugural" in 1997, and US operations at Studio Park commenced on September 24.

On August 8, 2001, QVC @ the Mall, a flagship store at the Mall of America in Minnesota, opened.

July 3, 2003 saw Comcast sell its majority share to Liberty Media, setting the value of the company at $14 billion.

In March 2004, the Federal Trade Commission (FTC) charged QVC with making "deceptive claims" about weight loss products and the United States Department of Justice filed a lawsuit against the company[2]. This case has since been dismissed. Around the same time, QVC Inc. bought out BSkyB's 20% holding of QVC UK, thus becoming sole owners of the network[3].

Also that year, over 105 million units were shipped, more than 160 million phone calls were handled, 2 million new customers were gained, and QVC had its biggest sales day ever, December 4, both online and on air.

File:0923 iqDou reveal.png

The iQdoU? Reveal on Times Square

On January 7th, 2007, QVC hosted a 20th anniversary cruise for both customers and employees. Bob Bowersox and Pat James DeMentri accompanied others on the cruise. There was a special broadcast from San Juan, Puerto Rico, in which David Venable flew in for the occasion.

Later that month, QVC partnered with AOL to launch a free, live, streaming version of the channel on AOL Video[4]. Claims that it is the first of its kind have been called into question by Virtual Digital Cable, which has offered the channel online on a subscription basis[5].

QVC shipped its billionth package on March 22, 2007.

In the summer of 2007, QVC held an internal contest to win $10,000, which challenged its employees gain visibility of themselves in a t-shirt emblazoned with a "QForce" logo. Entries included appearances on Saturday Night Live and The Tonight Show by Tina Fey, on behalf of her brother, Peter Fey, a QVC employee. The winning entry (of more than 725) was a belly-flop contest to benefit Cure Autism Now which was shown on internet video sites such as YouTube. The contest generated an estimated 65 million impressions and was the brainchild of Jeff Charney, the Chief Marketing Officer of QVC. [6][7]

On September 23, 2007, QVC rebranded itself, changing its logo and onair and online graphics. The rebranding was accompanied by an advertising campaign with the tagline "iQdoU?" ("I Q, do you?") that had preceded the rebrand with "teaser" billboards in major US cities, most notably in New York's Times Square. On 9/23 the corner of the billboard was "torn" away to reveal the new QVC logo and to associate the tagline/billboards with QVC. The iQdoU campaign also included a teaser website found at iQdoU.com. [8]

Operations

All four QVC networks run 24 hours a day, although live programming hours vary between each region.

QVC US

QVC's U.S. operations are based in the Studio Park complex in West Chester, Pennsylvania, which houses its corporate headquarters, studio and broadcasting facilities, and distribution warehouse. Call center facilities are located in Chesapeake, Virginia, Port St. Lucie, Florida, and San Antonio, Texas. Additional distribution centers are situated in Lancaster, Pennsylvania, Suffolk, Virginia, Florence, South Carolina and Rocky Mount, North Carolina, in order to ensure the fastest possible delivery of items.

QVC U.S. also operates a series of retail stores across the country, including one at the Mall of America in Minnesota.

QVC broadcasts via cable and satellite TV 24 hours a day, 364 days a year (the Christmas show is pre-recorded), to 90 million homes, and ranks as the number two television network in terms of revenue (#1 in home shopping networks), with sales in 2006 giving a net revenue of $7.1 billion.

QVC UK

The UK arm of the company operates from two venues in the United Kingdom. Corporate headquarters and broadcasting facilities are located at Marco Polo House, in London, while call centre and distribution facilities are situated in Knowsley, by Liverpool. Prior to 1998, these facilities were based at the McIntyre and King facilities on Harrington Dock also in Liverpool.

QVC UK runs two small outlet stores, one in Warrington, the other in Shrewsbury.

QVC—The Shopping Channel broadcasts live 17 hours a day (although the channel runs 24 hours a day), 364 days a year, to 15.4 million viewers of cable, satellite, and digital terrestrial services in the UK. Satellite also relays the channel across much of mainland Europe. Retail sales for the year 2004 reached £265 million. Also there is a QVC Active service that runs on cable, satellite, and digital terrestrial in the UK.

QVC Germany

QVC Deutschland GmbH, incorporated in Düsseldorf, runs call centre operations from two sites in Bochum and Kassel, whilst distribution is handled from a dedicated site in Hückelhoven.

QVC Germany broadcasts live 24 hours a day, 363,5 days a year (off-air Christmas Eve (no programme after noon) and Christmas Day), with 33.8 million households reached. In 2004, sales of $643 million were made.

QVC Japan

QVC Japan is based in Makuhari, where its corporate headquarters and call center facility are located. Distribution facilities are located in Sakura City.

QVC Japan broadcasts live 24 hours a day (as of June 2004—previously running for 15 hours—making it the first broadcaster in Japan to run a 24-hour live service), to 7.5 million homes, with $416 million sales in 2004.

Products

QVC carries a large range of products, and offers a 30-day money-back guarantee on all of its items. Items are presented by hosts, who may be assisted by guests—typically, people who work for the item's manufacturer or an expert on the subject. Each item is identified by a unique item number, allowing for easy identification when ordering. In commonality with many of its rivals, QVC offers one product at a reduced price for that day only—the Today's Special Value commonly referred to as TSV. In the US, the Today's Special Value was launched on August 11, 1987 with a 30" long wave necklace. When a TSV sells out, there are several "One Time Only" items good only on certain shows the rest of the day.

QVC offers products from a wide variety of famous brands and well-known celebrities. Joan Rivers and Uri Geller are amongst those whose products are demonstrated on-air.

QVC's flagship brand is Diamonique, a simulated gemstone exclusive to the company (having acquired manufacturing facilities, proprietary technology, and trade name rights from MSB Industries, Inc. in 1988).

QVC's most popular brand of apparel in the US is Denim & Co; others include Dialogue, Sport Savvy, citiknits, Quacker Factory, and Susan Graver Style.

The most popular beauty brand on QVC in the US is Bare Escentuals, followed by PeterThomasRoth, philosophy beauty and Laura Geller Make-up Studio. On June 15, 1998, Models Prefer Color Cosmetics, QVC's first exclusive color line, was introduced. Other beauty brands include Le Mirador Skin care, smashbox cosmetics, Joan Rivers beauty, Peter Coppala Hair Care, Mally Beauty, Dessert Beauty, and Jonathan Product Salon Hair Care by Jonathan Antin

QVC usually has many types of programming in one day, but sometimes a day has a single theme. Such 24-hour events include St. Patrick's Day, Fashion Day, Christmas in July,Craft Fest, Big Bonanza Silver Day, Now You're Cooking Day, and others.

Once a year, QVC broadcasts FFANY Shoes on Sale with designer and brand name shoes at half the price, benefiting breast cancer research.

Hosts

This is the list of current US QVC hosts and some hosts' signature shows:

Jill Bauer (You're Home with Jill)
Sandra Bennett
Bob Bowersox (In the Kitchen with Bob)
Jayne Brown (The QVC Morning Show Fashion Friday)
Rick Domeier (Home Projects with Rick & Dan)
Sharon Faetsch
Jacque Gonzales
Carolyn Gracie
Dan Hughes (The QVC Morning Show and For Race Fans Only)
Pat James DeMentri (The QVC Morning Show and The QVC Morning Show Fashion Friday)
Dave James (Seriously Late on QVC)
Dave King
Lisa Mason
Antonella Nester
Patti Reilly (Saturday Night Beauty)
Lisa Robertson (Ask Lisa About Style and PM Style)
Mary Beth Roe (Gold Rush)
Laurie Shore
Jane Treacy (Shoe Shopping with Jane and Enjoyable Entertaining)
David Venable (Dining with David)
Dan Wheeler (Home Projects with Rick & Dan)
Leah Williams (AM Style)

Competitors

With the continued growth and popularity of home-shopping television, more and more companies are emerging to attempt to challenge QVC's position. In the United States, the Home Shopping Network and ShopNBC are QVC's primary competitors, while QVC UK competes with several other channels, such as bid tv (and its sister channel price-drop tv), Ideal World, Screenshop, and others.

Trivia

US home shopping host Dave James was the only Program Host in QVC history to be voted into position by America during the "America's Host Search" held in May of 2004. Dave beat out over 4,000 contestants in the nationwide search.

US home shopping host Rick Domeier is an actor, perhaps best known for appearing in the 1987 horror film Evil Dead II.

US home shopping host Lisa Robertson was Miss Tennessee 1989.

US home shopping host Mike Rowe is a narrator, best known as the "voice of the Discovery Channel" and host of Dirty Jobs. His QVC career was an early implementation of his unique comedic style, blending cold sarcasm with warm delivery.

UK home shopping host Julia Roberts TV career kicked off in 1979 with parts in Citizen Smith and Dr. Who.

QVC's Studio Park complex used to be the headquarters of the now-defunct Commodore International computer company, best known for the Commodore VIC-20, Commodore 64, and Commodore Amiga lines of home computers.

QVC launched its biggest employee event for its 20th anniversary entitled Qforce where an employee could win $10,000 for gaining the widest exposure by wearing the black "Qforce" TShirt. This 20th anniversary event also includes many other employee incentives including "Free Fridays" and "Buzzline."

QVC sponsored NASCAR driver Geoffrey Bodine in 1996 and 1997.

External links

@@ Line 58: / Line 58: @@
 In the summer of 2007, QVC held an internal contest to win $10,000, which challenged its employees gain visibility of themselves in a t-shirt emblazoned with a "QForce" logo. Entries included appearances on [[Saturday Night Live]] and [[The Tonight Show]] by [[Tina Fey]], on behalf of her brother, Peter Fey, a QVC employee. [http://www.youtube.com/watch?v=v6d4k4ld2BY The winning entry] (of more than 725) was a belly-flop contest to benefit [[Cure Autism Now]] which was shown on internet video sites such as [[YouTube]]. The contest generated an estimated 65 million impressions and was the brainchild of [[Jeff Charney]], the Chief Marketing Officer of QVC. [http://www.qvc.com/cp/cp_press_092806_qforce.html][http://www.backchannelmedia.com/newsletter/articles/4513/Guerrilla-Marketing-Pays-Off-for-Staff-T-Shirted-QVC-Employees-With-Best-Ideas-Get-Cash-Prizes]
-On September 23, 2007, QVC rebranded itself, changing its logo and onair and online graphics. The rebranding was accompanied by an advertising campaign with the tagline "iQdoU?" ("I Q, do you?") that had preceded the rebrand with "teaser" billboards in major US cities, most notably in [[New York's]] [[Times Square]]. On 9/23 the corner of the billboard was "torn" away to reveal the new QVC logo and to associate the tagline/billboards with QVC. The iQdoU campaign also included a teaser website found at [http://iqdou.com/ iQdoU.com].
+On September 23, 2007, QVC rebranded itself, changing its logo and onair and online graphics. The rebranding was accompanied by an advertising campaign with the tagline "iQdoU?" ("I Q, do you?") that had preceded the rebrand with "teaser" billboards in major US cities, most notably in [[New York's]] [[Times Square]]. On 9/23 the corner of the billboard was "torn" away to reveal the new QVC logo and to associate the tagline/billboards with QVC. The iQdoU campaign also included a teaser website found at [http://iqdou.com/ iQdoU.com]. [http://philadelphia.bizjournals.com/philadelphia/prnewswire/press_releases/national/Pennsylvania/2007/09/23/NESU001]
 ==Operations==