Qurate Retail Group is among top 100 companies in the debut
Fortune ranking after demonstrating strength in innovative
products, processes and overall culture
WEST
CHESTER, Pa., May 31, 2023
/PRNewswire/ -- Qurate Retail GroupSM has been
named to the Fortune list of America's Most Innovative Companies
2023. This prestigious award – in its very first year – is
presented by Fortune and Statista Inc., a world-leading statistics
portal and industry ranking provider. The awards list, comprised of
300 US-companies who scored the highest in a holistic evaluation of
innovative activity, was announced on March
29, 2023, and can currently be viewed on the Fortune
website. Qurate Retail Group is part of Qurate Retail, Inc.
(Nasdaq: QRTEA, QRTEB, QRTEP).
Qurate Retail Group is comprised of six leading retail brands –
QVC®, HSN®, Ballard Designs®,
Frontgate®, Garnet
Hill® and Grandin Road® – all
dedicated to providing a more human way to shop. The company is a
global leader in video commerce ("vCommerce"), which includes
video-driven shopping across linear TV, ecommerce sites, digital
streaming and social platforms. Qurate Retail Group has a long
record of innovation on new and emerging video platforms, creating
live and live-like video shopping experiences that gather large
audiences of passionate shoppers. Qurate Retail Group's newest
division, vCommerce Ventures, is working to accelerate the
company's leadership and innovation in streaming.
"This recognition from Fortune honors the inventive spirit at
the heart of our team and our business," said David Rawlinson, President and CEO of Qurate
Retail, Inc. "We're always experimenting. We recently introduced an
app to redefine how younger generations discover products and shop
through video. We're adding new original content to our streaming
service every week, blending shopping, entertainment and pop
culture in new ways. We continue to place our linear TV channels on
more FAST (free ad-supported streaming TV) outlets. We just never
stop pushing the boundaries to create better experiences for our
customers."
Fortune and Statista selected America's Most Innovative
Companies 2023 based on three pillars: product innovation, process
innovation and innovation culture. Three hundred US-companies with
the highest score were awarded as America's Most Innovative
Companies.
- For the evaluation of the innovation culture and the internal
view of process innovation, Statista deployed online surveys where
employees could score their own company on a scale system.
- For the evaluation of the external view of process innovation
as well as product innovation, Statista surveyed experts in various
fields – from recruiters to management consultants and patent
attorneys.
- For the evaluation of the IP portfolio, Statista cooperated
with LexisNexis PatentSight and used their platform to analyze the
quantity and value of a company's patents.
About Qurate Retail Group
Qurate Retail GroupSM comprises six leading
retail brands – QVC®, HSN®, Ballard
Designs®, Frontgate®, Garnet Hill® and Grandin
Road® – all dedicated to providing a more human way
to shop. Qurate Retail Group is the largest player in video
commerce ("vCommerce"), which includes video-driven shopping across
linear TV, ecommerce sites, digital streaming and social
platforms. The retailer reaches more than 200 million homes
worldwide via 14 television channels, which are widely available on
cable/satellite TV, free over-the-air TV, and digital livestreaming
TV. The retailer also reaches millions of customers via its QVC+
and HSN+ streaming experience, websites, mobile apps, social pages,
print catalogs, and in-store destinations. Qurate Retail Group
combines shopping and entertainment to curate products,
experiences, conversations and communities for millions of highly
discerning shoppers. Headquartered in West Chester, Pa., Qurate Retail Group has
team members in the U.S., the U.K., Germany, Japan, Italy,
Poland and China. For more information, visit
qurateretailgroup.com or follow Qurate Retail Group on YouTube
or LinkedIn.
Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB, QRTEP) is a Fortune
500 company that includes the Qurate Retail Group portfolio of
brands as well as other minority interests and green energy
investments.
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SOURCE Qurate Retail Group