Strip malls are history. – Jeff Bezos
Let’s be honest. Many of us have been spending a lot more time in front of our televisions and computer screens lately. Whether you’re watching the Sopranos for the first time or placing your order for next Monday’s grocery pick up, odds are you’ve been glued to your digital devices as well.
COVID-19 restrictions have zapped revenue from physical retail spaces, as consumers have been forced, or chosen in many cases, to remain home. It comes as no surprise that a company that operates popular online and televised brands, like HSN (formerly Home Shopping Network), would be positioned to benefit from this dramatic shift in consumer behavior.
Qurate Retail Inc. (NASDAQ:QRTEA) is a massive media conglomerate in the video and eCommerce spaces in North America, Asia, and Europe. The company employs over 25,000 individuals and oversees brands that reach nearly 400 million households,