Yesterday, QVC Inc., a leading TV and e-commerce retailer,
launched a new social shopping platform called "toGather". QVC is
a wholly owned subsidiary of
Liberty Interactive Corp.
). Using this platform, users can track popular products and can
exchange views with other members of the site. toGather will
provide an integrated shopping cart, a full product catalogue and
trusted recommendations from an active user
We believe that TV home shopping business will continue to
flourish in the near future. The QVC segment of the company has
successfully transformed itself into a powerful global brand,
which may boost Liberty Interactive's revenues in the
double-digits. Management expects its online sales to constitute
more than 50% of the total revenue in the U.S. by 2014. Growing
adoption of high-end smartphones in the U.S. is the main revenue
Moreover, Liberty Interactive currently holds about 22% of the
equity and 57% of the total votes of all classes of common stock
). TripAdvisor is the world's largest travel site, which allows
users to post reviews on airlines, hotels and vacation resorts
On Aug 2013, Liberty Interactive launched a broadcast channel
called "QVC PLUS". This new channel currently airs all the live
broadcasts (TV shows) of the existing QVC channel at a delay of
three hours. Management plans to introduce some special
programming in the QVC PLUS channel in the future in order to
broaden QVC's offerings.
QVC PLUS is currently available to
) customers. Moreover, QVC has entered into carriage deals with
Time Warner Cable Inc.
) and Bright House Networks.
Currently, Liberty Interactive holds a Zacks Rank #3
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