About Alsto Inc
Liberty Interactive Corp. stands by your right to shop at home and online. The company owns and operates market-leading home shopping channel QVC, which sells 770 products each week across the home, apparel, beauty and accessories, jewelry, and electronics categories. QVC also sells online. Liberty Interactive also runs online businesses including
Liberty Interactive operates through two main business divisions: QVC Group and Liberty Ventures.
The QVC Group consists of
Zulily brings in 15% of sales sells products in the US and elsewhere online through flash sales events, primarily through its desktop and mobile websites and mobile applications.
Liberty Ventures consists of e-card website Evite and interests in Liberty Broadband, FTD, Interval Leisure Group, Time Warner, Charter Communications, Britco, and LendingTree.
Liberty Interactive rings up around 75% of its sales in the US. Japan and Germany each account for less than 10% of sales. QVC has shopping channels in Germany, Italy, Japan, France, and the UK. The company also has a joint venture in China.
Sales and Marketing
Flagship subsidiary QVC distributes its television programs through satellite and optical fiber to cable and satellite system providers in the US, Germany, Japan, the UK, and neighboring countries. It also transmits programs via digital terrestrial broadcast television to viewers in Italy, the UK, and certain parts of the US and Germany. Additionally, QVC offers a web-based catalog for retailers.
Some of QVC's clients include
After a bad 2015, Liberty Interactive's revenue bounced back in fiscal 2016, growing 7% to $10.6 billion. Growth was concentrated in Zulily, which gained more than $1 billion due to its first full-year contribution. QVC's sales declined $61 million, while the sales of Backcountry and Bodybuilding in 2015 and 2016 also weighed on sales.
Net income increased 40% to $1.3 billion thanks to higher revenue, decreases in stock-based compensation, and gains on the Right Start sale in January 2016.
Cash form operations increased 39% to $1.4 billion due to higher net income and changes in deferred income tax expense, offset by realized losses on financial instruments.
Liberty Interactive has been busy reshaping its business. In the last few years it has pared down its number of activities, particularly in online retail -- in 2015-16 it has sold or spun off Backcountry.com, Bodybuilding.com, Expedia, and CommerceHub.com; the year before that it sold
The sales paved the way for the $2.1 billion acquisition of QVC's archrival HSN Inc., agreed in 2017. With both QVC and HSN recording unfavorable revenue trends in recent years, the acquisition reflects that the former rivals' biggest competitors are no longer each other, but e-commerce giants such as Amazon. QVC, HSN, and Zulily will be bundled up as QVC Group.
Mergers and Acquisitions
Liberty Interactive agreed to buy the 62% of the Home Shopping Network Inc. (HSNi) that it didn't own for about $2.1 billion in stock. The deal would unite HSNi with Liberty's QVC in an effort to combat Amazon.com and other online retailers. Liberty plans to package QVC, HSNi, and Zulily.com into an asset-backed spinoff in late 2017. The acquisition of HSNi was expected to close by the end of the year.
2335 E 2ND ST
Galesburg, IL 61401-6401
Phone: 1 (309) 343-6181
Employer Type: Privately Owned
Employees (This Location): 100
Employees (All Locations): 100