FinancialsMar 19, 2025
Signet Jewelers to Close Stores, Cut Staff Amid Declining SalesMajorsApr 01, 2025
QVC Group to Cut 900 Jobs in the U.S.
The layoffs come amid the TV shopping channel’s efforts to restructure and focus on live shopping through social media.
West Chester, Pennsylvania-based QVC Group announced Thursday that it is laying off 900 employees in the United States, which is about 5 percent of its global workforce of 17,000.
West Chester, Pa.—QVC Group is laying off hundreds of employees who work for QVC and HSN in the United States and plans to cut additional jobs overseas.
Announced Thursday, the layoffs impact 900 employees in the U.S., about 5 percent of QVC Group’s total global workforce of 17,000, as stated in its annual report for 2024 filed with the Securities and Exchange Commission.
Many of those layoffs took effect immediately last week, the company said, while some employees will stay on with QVC Group for a few months to help with the relocation of HSN.
QVC Group announced in late January that it was closing HSN’s offices and studios in St. Petersburg, Florida, as part of its restructuring plan, and moving the network to West Chester, Pennsylvania, where it will broadcast out of the same studio as QVC.
QVC Group, which has operations in China, Germany, Italy, Japan, Poland, and the United Kingdom, will be cutting jobs overseas as well, though it is not clear at this time exactly how many international employees will be affected.
The company said, “We will be sharing the details with potentially affected individuals and, where applicable, engaging in negotiations with relevant employee representation bodies, in accordance with local laws.
“If consultation processes are required … no changes in that market will be effective until those processes are completed.”
Related stories will be right here …
Announced Thursday, the layoffs impact 900 employees in the U.S., about 5 percent of QVC Group’s total global workforce of 17,000, as stated in its annual report for 2024 filed with the Securities and Exchange Commission.
Many of those layoffs took effect immediately last week, the company said, while some employees will stay on with QVC Group for a few months to help with the relocation of HSN.
QVC Group announced in late January that it was closing HSN’s offices and studios in St. Petersburg, Florida, as part of its restructuring plan, and moving the network to West Chester, Pennsylvania, where it will broadcast out of the same studio as QVC.
QVC Group, which has operations in China, Germany, Italy, Japan, Poland, and the United Kingdom, will be cutting jobs overseas as well, though it is not clear at this time exactly how many international employees will be affected.
The company said, “We will be sharing the details with potentially affected individuals and, where applicable, engaging in negotiations with relevant employee representation bodies, in accordance with local laws.
“If consultation processes are required … no changes in that market will be effective until those processes are completed.”
Formerly known as Qurate Retail, QVC Group is the parent company of two longstanding home shopping networks—QVC and HSN.
QVC’s parent company, then called Liberty Interactive Corp., bought HSN in 2017.
The deal was intended to help both networks scale up and allow them to combine resources and cut costs in the face of rising competition from online sellers.
QVC Group also has felt the effect of consumers “cutting the cord,” getting rid of live television in favor of streaming services.
In 2024, QVC Group’s sales declined 5 percent year-over-year, and it recorded a significant increase in operating loss to $809 million.
According to National Jeweler’s annual State of the Majors report, QVC Group’s jewelry and watch revenue has also been on the decline in recent years, slipping from an estimated $326 million in 2022 to $304 million in 2023 to $293 million in 2024.
In this year’s $100 Million Supersellers list, which will be out in mid-May and ranks the top jewelry sellers in North America, QVC Group sits at No. 23, down from No. 22 last year.
More on Majors
The Latest
AuctionsDec 12, 2025
13.54-Carat Paraíba Tourmaline Sets Records at Christie’sSet in a Tiffany & Co. necklace, it sold for $4.2 million, the highest price and price per carat paid for a Paraíba tourmaline at auction.
CollectionsDec 12, 2025
Piece of the Week: Oscar Heyman’s Sphene RingTake luxury gifting to new heights this holiday season with the jeweler’s showstopping 12-carat sphene ring.
Events & AwardsDec 12, 2025
IGI Jewelry Design Contest Now Accepting SubmissionsThis year's theme is “Unveiling the Depths of the Ocean.”
Brought to you by
Impacting Tomorrow TodayHow Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.
TrendsDec 11, 2025
Pinterest 2026 Trend Report: Brooches, Bold Gold, Cool BlueIn its annual report, Pinterest noted an increase in searches for brooches, heirloom jewelry, and ‘80s luxury.
Weekly QuizDec 11, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
GradingDec 11, 2025
GIA to Offer Origin Determination for 3 More GemstonesStarting Jan. 1, customers can request the service for opal, peridot, and demantoid garnet.
IndependentsDec 11, 2025
Look Inside Day’s Jewelers’ Ninth StoreThe 111-year-old retailer celebrated the opening of its new location in Salem, New Hampshire, which is its third store in the state.
Brought to you by
Roseco Releases New Full-Line CatalogRoseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.
AuctionsDec 10, 2025
Francis Ford Coppola’s Watch Sells for $10.8MThe filmmaker’s personal F.P. Journe “FFC” prototype was the star of Phillips’ recent record-setting watch auction in New York.
WatchesDec 10, 2025
There’s A New Rolex Boutique in MiamiThe new location in the Design District pays homage to Miami’s Art Deco heritage and its connection to the ocean.
SurveysDec 10, 2025
Consumer Confidence Drops in November Inflations, tariffs, and politics—including the government shutdown—were among consumers’ top concerns last month.
SourcingDec 10, 2025
NAJA Announces Details for 2026 ‘Ace It’ Winter Conference“Longtime favorite” presenters, as well as first-time speakers, will lead talks and workshops at the annual event in Tucson next year.
Events & AwardsDec 10, 2025
MJSA Names 2025 Responsible Design Challenge WinnerSilas Smith of Meridian Metalworks won the challenge with his pendant that blends Australian and American landscapes.
AuctionsDec 09, 2025
‘Desert Rose’ Diamond Sells for $8.8M in Abu DhabiThe sale of the 31.68-carat, sunset-hued stone was part of Sotheby’s first series of events and auctions in Abu Dhabi.
ColumnistsDec 09, 2025
Holiday Sales Happen in December, Most Decisions Don’tMost customers who walk into your store this month have made up their minds. Your job is to validate their choice, Emmanuel Raheb writes.
TrendsDec 09, 2025
‘Once Upon a Time,’ Guzema Debuted Its Holiday CollectionThe collection features characters and motifs from Ukrainian folklore, including an enchanted mirror and a magic egg.
TechnologyDec 09, 2025
Gemvision Releases Updated MatrixGoldMatrixGold 3.11, the newest version of the jewelry design program, offers more flexibility, precision, and creative control.
Events & AwardsDec 09, 2025
MJSA Showcase Pavilion Returning to JA New York The pavilion will be part of the 2026 JA New York Spring show, scheduled for March 15 to 17.
MajorsDec 08, 2025
Juell Kadet, a ‘Lifelong Pillar’ of Rogers & Hollands, Dies at 96Kadet, a 1994 National Jeweler Retailer Hall of Fame inductee, helped grow the family-owned retailer in the Chicago area and beyond.
TechnologyDec 08, 2025
You’ve Heard of Smart Watches and Rings; Meet Smart EarringsBilled as the world’s smallest wearable, Lumia Health’s new smart earrings have a health tracker subtly embedded in the back.
TrendsDec 08, 2025
Amanda’s Style File: Celebrating December’s BirthstonesDon’t let those with December birthdays feel blue. Help them celebrate their month with blue zircon, turquoise, and tanzanite.
CollectionsDec 05, 2025
Piece of the Week: Robinson Pelham’s ‘Tsar Star’ EarringsThe new pink sapphire version of the piece dances with its wearer in the brand’s “Icons After Dark” holiday campaign.
TrendsDec 05, 2025
Pantone’s Color of the Year for 2026 Is … WhiteA choice that’s generated a lot of commentary, Pantone says “Cloud Dancer” marks a fresh start and encourages relaxation and creativity.
MajorsDec 05, 2025
Stuller Releases ‘Wrapped in Wonder’ CampaignThe manufacturer’s holiday campaign features a gift guide filled with trending designs and jewelry that can be personalized.
CrimeDec 04, 2025
Man Arrested After Allegedly Swallowing Fabergé Egg PendantThe man was charged with theft, accused of ingesting the necklace while in a jewelry store in Auckland, New Zealand.
IndependentsDec 04, 2025
Step Inside JR Dunn Jewelers’ Giant New Store The Florida independent expanded its store from 8,000 to 14,000 square feet, fulfilling the vision of its late co-founder, Jim Dunn.
Supplier BulletinDec 04, 2025
Introducing Shop Natural Day: A New Movement Celebrating Natural DiamondsSponsored by De Beers Group
