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What does qxh stand for?

Qurate Retail Group, the parent company of HSN and QVC US, will combine the two retailers into a single business unit called QXH. The parent company seeks to improve long-term growth prospects and accelerate the retailers’ digital transformation, as well as enhancing delivery speed and lowering costs for shoppers.

How did qxh perform in 2022?

For the year ended December 31, 2022, QxH incurred (i) a $2.7 billion non-cash impairment charge related to goodwill and the HSN tradename, (ii) $520 million of gains related to the sale leaseback of six US properties and (iii) a $10 million net gain related to restructuring and fire related costs, net of recoveries.

Who is the new president of qxh?

Mike Fitzharris has been named president, QVC U.S., which last year represented approximately three-quarters of QxH’s reported $8.3 billion in revenue. He was chief commercial officer for QVC U.S. and HSN. Rob Muller has been named president, HSN, which last year represented approximately one-quarter of QxH’s revenues.

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