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.
Editors' Picks
Sponsored by
More on Majors
The Latest
CollectionsApr 02, 2025
Bea Bongiasca’s ‘Tarallo’ Collection Expansion Is a ZooThe pieces in “Animali Tarallo” portray animals from stingrays to elephants through portraits and interpretations of their patterns.
SourcingApr 02, 2025
Winston’s Collection of Natural Color Diamonds Now on Display in D.C. Ronald Winston, son of Harry Winston, donated the diamonds to the Smithsonian National Museum of Natural History in Washington, D.C.
Policies & IssuesApr 02, 2025
Jewelers of America to Hold Webinar on TariffsThe virtual event will take place April 7 at 3 p.m.
Brought to you by
The Heart of the Industry: Giving Bench Jewelers the Recognition They DeserveBench jewelers spend years honing their skills, Jewelers of America’s Certification validates their talents.
Events & AwardsApr 02, 2025
Punchmark to Host Client WorkshopThe educational event will take place in Charlotte, North Carolina, this May.
Weekly QuizMar 27, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
IndependentsApr 01, 2025
Bergman Jewelers in Omaha Closing After 137 YearsThe independent jeweler first opened its doors in 1888.
Events & AwardsApr 01, 2025
U.S. Antique Shows Adds Fall Show in FloridaThe debut event will take place in Miami’s Coconut Grove neighborhood this fall.
Brought to you by
Natural Diamonds Should Mean MoreNatural diamonds mean more than lab-grown, but when every cut is ideal, they all look the same. Customers want more—Facets of Fire delivers.
Events & AwardsApr 01, 2025
TJS to Host Discussion on Jewelry Industry’s Labor ShortageThe roundtable will take place May 17 ahead of the trade show’s welcome dinner.
CollectionsApr 01, 2025
Monica Rich Kosann Says ‘Good Grief’ in Peanuts Jewelry CollectionThe “Peanuts x Monica Rich Kosann” collection features the comic strip’s classic vocabulary across 10 bracelet designs.
Recorded WebinarsMar 31, 2025
Watch: What Do We Mean When We Say ‘Recycled’ Gold?Three industry experts dive into the complexities of the material often marketed as an “ethical” alternative for metal in jewelry.
TrendsMar 31, 2025
Amanda’s Style File: Dripping in DiamondsDiamonds are not only one of the most prominent gemstones, but the birthstone for those born in April.
WatchesMar 31, 2025
Bulgari CEO Jean-Christophe Babin Will Also Head LVMH WatchesThe longtime luxury executive led one of LVMH’s watch brands, TAG Heuer, for 12 years before taking over Bulgari in 2013.
CrimeMar 28, 2025
2 Suspects Arrested in $1.7M Smash-and-Grab Robbery of NY Jewelry StoreAuthorities said the robbers fled with jewelry and 70 Rolex watches, later taking pictures of themselves posing with big stacks of cash.
SourcingMar 28, 2025
19th-Century Jade Book Now Available in EnglishLotus Gemology founder Richard W. Hughes has translated Heinrich Fischer’s 1880 book “Nephrit und Jadeit” from its original German.
CollectionsMar 28, 2025
Piece of the Week: Löf’s ‘The Valentine’ RingThe ring's design features contrasting lines influenced by work from architecture-inspired photographer Nikola Olic.
SurveysMar 27, 2025
Consumer Confidence Falls in March Amid ‘Gloomy’ OutlookThe Conference Board’s index fell as consumers continued to worry about the impact of tariffs, the labor market, and the price of eggs.
AuctionsMar 27, 2025
300-Year-Old Ring Linked to Witch Trial Judge Goes Unsold at Auction However, two medieval jewels surpassed estimates at Noonans Mayfair’s recent jewelry auction in London.
WatchesMar 27, 2025
Austin Butler Joins Breitling as Brand AmbassadorThe Oscar-nominated actor debuted in the campaign for the new “Top Time B31” collection, which introduced Breitling’s Caliber B31.
SourcingMar 27, 2025
Susan Jacques, Gaetano Cavalieri to Headline 2025 ICA Congress The Congress is scheduled to take place May 19-22 in Brasilia, Brazil.
IndependentsMar 26, 2025
Bailey’s Fine Jewelry Acquires Fellow NC Independent JewelerThe family-owned retailer is the new owner of Morrison Smith Jewelers in Charlotte, North Carolina.
WatchesMar 26, 2025
Bulova Celebrates 150th Anniversary With Art Deco WatchesThe “150 Art Deco” collection features a Miss America timepiece and a pocket watch from the brand’s Archive Series.
MajorsMar 26, 2025
QVC Group Appoints New PresidentAlex Wellen, formerly CEO and president of MotorTrend Group, has taken on the role.
Events & AwardsMar 26, 2025
Jewelers of America Announces New Funding Initiative The Impact Initiative is part of the nonprofit association’s new three-year strategic plan.
AuctionsMar 25, 2025
Christie’s To Auction 35-Carat Sapphire, 13-Carat RubyThe ruby and the sapphire, which Christie’s calls a “once-in-a-generation masterpiece,” are part of the upcoming Hong Kong jewelry auction.
CrimeMar 25, 2025
Tiffany & Co. Earrings Swallowed Following Grab-and-Run Theft RecoveredThe two pairs of earrings, snatched from a Tiffany & Co. store in Orlando, Florida, are valued at a combined $769,500.
ColumnistsMar 25, 2025
The Smart Lab: Using Short-Form Videos to Sell More JewelryThe time to start experimenting with video content is now, writes columnist Emmanuel Raheb.
