Successful Transition of HSN Operations
Completed the transition of HSN's operations to Studio Park in Westchester, Pennsylvania, consolidating operations under one roof to generate cost reductions and advance the WIN growth strategy.
Growth in Social and Streaming Channels
Social and streaming revenue experienced over 30% growth versus Q2 2024, with over 100,000 new customers finding QVC through TikTok shop alone. Streaming monthly active users grew over 80% to nearly 1.5 million users.
Significant Debt Reduction
Reduced net debt by over $1.5 billion since the end of 2021, creating more flexibility for transformation and sustainable growth.
Strategic Sourcing Diversification
Continued efforts to diversify sourcing to ensure no single country represents more than 1/3 of sourced goods by year-end, reducing tariff pressures.