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
Supplier BulletinJul 03, 2025
Protect Your Customers and Your BusinessSponsored by the Gemological Institute of America
SourcingJul 03, 2025
SRK Announces Its Natural Diamonds Are Now Carbon-NegativeThis past year, the manufacturer said it recorded below-zero emissions per carat of natural diamond.
CollectionsJul 03, 2025
Piece of the Week: A Firework of Diamonds From YepremThe brand’s “Golden Strada” statement necklace features round, marquise, and pear diamonds that sparkle like Fourth of July fireworks.
Brought to you by
Investing in the Next Generation of Bench JewelersThe Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.
CrimeJul 03, 2025
JSA Shares Holiday Weekend Security Tips Amid Spike in BurglariesJSA’s Scott Guginsky provided a list of nine security measures jewelers should observe while locking up for the long weekend.
Weekly QuizJul 02, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsJul 02, 2025
Boucheron Looks to LA for First West Coast FlagshipLocated on Rodeo Drive, the store’s design was inspired by Hollywood and Los Angeles culture.
MajorsJul 02, 2025
Marco Bicego Opens Milan FlagshipThe new location continues the brand’s celebration of its 25th anniversary.
Brought to you by
Jewelers of America is Headed to Las Vegas for JCK 2025The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.
WatchesJul 02, 2025
Chrono24 Revamps Brand, Launches New CampaignThe online watch marketplace’s “Time Is Our Thing” campaign highlights the importance of time.
SourcingJul 02, 2025
Bernadette Mack Joins Gem Legacy as Executive DirectorShe will oversee strategic planning, fundraising, industry partnerships, and the launch of the Gem Legacy Campus in Tanzania.
CrimeJul 02, 2025
Pandora, Amazon Partner to Uncover Counterfeit Jewelry NetworkWorking with Amazon’s Counterfeit Crimes Unit and law enforcement, Pandora helped to shut down a large-scale counterfeit network in China.
MajorsJul 01, 2025
Cast Closes Business, Plans for RelaunchThe jewelry company has closed its three California brick-and-mortar stores, as well as its online shop, for now.
Events & AwardsJul 01, 2025
William Goldberg Diamonds, FIT Partner for Apprenticeship ProgramThe company is providing the opportunity for an FIT student to work alongside master diamond cutter Willie Lopez in its workshop.
IndependentsJul 01, 2025
Elie Hannoush, Founder of Hannoush Jewelers, Dies at 73He is remembered for his successful entrepreneurship, generosity, and dedication to his family.
MajorsJul 01, 2025
Claire’s Is Looking for a Buyer, Report SaysThe jewelry store chain has reportedly been struggling with costs related to tariffs as well as tough retail competition.
TrendsJul 01, 2025
Amanda’s Style File: Red Hot RubiesWelcome warm summer days with red hot rubies perfectly chosen as July’s birthstone.
CollectionsJun 30, 2025
State Property’s New Jewelry Tells ‘The Story of Everything’Co-founders Afzal Imram and Lin Ruiyin brought their son’s story of a cosmic egg, toadstool, and railroad to life in their new collection.
ColumnistsJun 30, 2025
The Smart Lab: Why Q3 Is the Secret Weapon For Holiday Jewelry SalesThe best time to prepare for the holiday season is right now, according to columnist Emmanuel Raheb.
Events & AwardsJun 30, 2025
AGA Names Recipient of 2025 Gemological Education ScholarshipThis year’s winner is Morgan Keefe, who is currently studying at GIA to be a gemologist.
IndependentsJun 30, 2025
Melanie Grant’s New Book Explores 200 Years of Jewelry“The Jewelry Book” comes out this September.
TechnologyJun 27, 2025
Gemist Raises $6M in Funding to Scale Jewelry Tech PlatformThe company is focused on modernizing the custom jewelry buying experience with e-commerce tools like product visualization and 3D styling.
IndependentsJun 27, 2025
David Webb Announces New Hires, PromotionsFollowing its recent acquisition, the storied brand has updated its leadership team and regional managers.
Events & AwardsJun 27, 2025
AGS, GIA Announce Beatrice Shipley Scholarship Winner AGS also named the recipient of its “Women in Leadership” scholarship.
CollectionsJun 27, 2025
Piece of the Week: Buddha Mama’s ‘Monstera’ Wrap RingThe 20-karat yellow gold and diamond wrap ring is modeled after the Monstera plants in the garden of the brand’s Miami villa.
MajorsJun 26, 2025
Why Rocksbox Is Opening Stores As Signet Jewelers DownsizesRocksbox President Allison Vigil shared the retailer’s expansion plans, and her thoughts on opening stores in malls.
IndependentsJun 26, 2025
Penny Ruston Dies at 80 The creator of the WJA Chicago chapter is remembered as a champion for women in the jewelry industry and a loving grandmother.
SurveysJun 26, 2025
After Recovering in May, Consumer Confidence Dips in June The decline was consistent across age groups and almost all income groups, with tariffs and inflation still top of mind.
