QVC Network

Nation's leading home-shopping cable network.

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Headquarters:
1200 Wilson Drive at Studio Park
West Chester, PA 19380
Employees: 17,279 worldwide
CEO: Michael George
Subsidiary of Liberty Media

Website: http://www.qvc.com

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QVC is the nation's leading home-shopping cable network offering products for sale on-air 24 hours a day, 364 days per year. More than 45 million people have shopped with QVC worldwide.

QVC stands for Quality, Value and Convenience. The company sells high-quality products using friendly on-air sales people. Products can be ordered over the phone or via the Internet.

QVC reaches approximately 96% of all U.S. cable homes and nearly 25.3 million satellite homes, totaling more than 166 million homes worldwide.

QVC's buying staff of more than 168 people searches the world for quality merchandise. Product categories include: Home, Electronics, Cooking and Dining, Collectibles, Health and Fitness, Beauty; Jewelry, and Fashion.

QVC introduces more than 1,600 products each week (250 of them, new) to its customers. Brand leaders include Bare Escentuals, Bose, Dell, and philosophy. Famous faces who recently appeared on QVC include Michael Kors, Heidi Klum, Paula Deen, Dan Marino, Joan Rivers, Shania Twain, Bobbi Brown, Carson Kressley, and Hulk Hogan.

In terms of revenue, QVC is ranked the second largest television network in the United States after CBS (according to Broadcasting & Cable 2005 revenue estimates).

With net sales totaling more than $7 billion in 2006, QVC is now significantly larger than many well-established traditional retailers, including Saks Fifth Avenue and Neiman Marcus combined.

QVC.com achieved sales of over $1 billion in 2006.

QVC is based in West Chester, PA, its building sits on 84 acres of land, roughly the size of 15 U.S. football fields. It has domestic call center operations in West Chester, PA.; Chesapeake, VA.; San Antonio, TX, and Port St. Lucie, FL. Its five domestic distribution centers are located in West Chester, PA, Lancaster, PA, Suffolk, VA, Rocky Mount, N.C., and Florence, S.C.

QVC is a subsidiary of Liberty Media Corporation.

History

QVC, Inc. was founded in 1986 by Joseph Segel, founder of The Franklin Mint. The first live broadcasts began on November 24, 1986 with hosts John Eastman and Kathy Levine. The company would begin broadcasting 24 hours a day on January 1, 1987.

In 1995, The Comcast Corporation and Tele-Communications, Inc. acquire QVC.

Over the last 21 years, QVC has shipped more than one billion packages in the United States. In 2006, QVC shipped more than 165 million packages worldwide.

QVC achieved its best sales day on December 2, 2001 with more than $80 million in orders taken; the Dell Intel Pentium IV personal computer was the most popular item sold on that day.

On November 12, 2006, QVC set records both in number of shipments (600,682) and number of items shipped (678,078) during a 24-hour period.

Benefits

Medical Benefits Plans ­ Options include Blue Cross Blue Shield PPO or HMO (where available).

Healthy Lifestyles ­ Offers incentive and support for healthy lifestyle changes. Programs include: QVC-Kids (maternity), Fitness Reimbursement, Weight Management, and Smoking Cessation.

Prescription Drug Benefits ­ When medication is prescribed, you have the following options: Mail Order, In-Network and Out-of-Network Pharmacies.

Dental Benefits ­ QVC offers two dental options which include coverage for preventative, restorative, major restorative and orthodontic services.

Vision Benefits ­ The OptiChoice plan offers coverage for annual vision exams and eye glasses or contact lenses.

Flexible Spending Account Benefits ­ The opportunity to set aside tax-free dollars to pay for dependent care expenses and/or healthcare expenses that are not otherwise covered by your benefits plan.

Life Insurance ­ QVC provides Group Life, AD&D and Business Travel and Accident Insurance. Supplemental Life and AD&D coverage is also available.

Disability Benefits ­ QVC provides short-term and long-term disability benefits.

Work/Life Benefit ­ Free access to resources that help you locate and learn about a wide range of personal services, including college planning, child care, legal services and pet care.

401(k) and Retirement Plans ­ QVC helps you start planning for your future with matched savings and profit sharing plans, as well as a retirement plan.

Employee Assistance Plan ­ Confidential counseling and referral services to help you and/or your eligible dependents in a time of need. These services are available at no cost to you.

Investment In Learning ­ Tuition Reimbursement is available for both part- and full-time employees to help you with your continuing educational goals.

Employee Product Discount ­ A discount of up to 30% on QVC merchandise is available to all current employees.

Time Off ­ Vacation offers a healthy change of environment, plus needed rest and relaxation. QVC encourages employees to take advantage of paid time off.

Additional Benefits ­ Programs are available which include Long Term Care Insurance, Automobile, Homeowner's and Renter's Insurance.

Updated February 23, 2008