Latest news with #Rawlinson
Yahoo
5 days ago
- Business
- Yahoo
QVC Group details TikTok, social content plans
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. QVC Group hosted its first Super Brand Day on TikTop Shop earlier this month, building on its efforts to expand its reach and investments in social shopping. For eight hours on May 14, QVC Group streamed live content from creators and celebrities on TikTok resulting in its highest viewed and engaged company-hosted livestream to date, a QVC Group spokesperson said. QVC Group plans to expand its TikTok reach internationally, CEO David Rawlinson said during a recent earnings call. Next February, the company will partner with TikTok U.K. Minutes watched on QVC Group's social and streaming platforms grew 26% compared to last year, while streaming monthly active users grew 131%. March was the company's largest non-holiday revenue month. QVC Group said success in its streaming and social businesses is crucial. The company now streams 24/7 on TikTok and cited its most important metric as revenue growth in a recent earnings call. QVC Group estimates the percentage of revenue generated during Q1 through streaming and social platforms was in the mid- to high-single digits. Rawlinson said what's key to the company's social strategy is that it consists of a pre-aggregated audience. 'There are already tens of millions, in some cases, hundreds of millions of people, if not billions, on those platforms,' Rawlinson said on the call. 'And so you get to play in a very growing, large stream of potential customers who are increasingly used to seeing shopping content in their social feeds and who are increasingly converting over to purchases within their social experience. And so that's the magnitude of the opportunity.' Despite QVC Group's financial struggles, the company is going all in on social shopping investments. Among its various social commerce investments, QVC Group's latest targets Gen X. The 'Age of Possibility' platform celebrates women over age 50 with an expanded TikTok partnership and an eight-hour livestream shopping event. Beyond social, QVC Group is tapping into other ways it can broaden customer reach. Through a partnership with American Airlines, travelers can stream QVC+ and HSN+ channels on the airline's free in-flight entertainment platform. Sign in to access your portfolio
Business Insider
27-05-2025
- Business
- Business Insider
Morgans Sticks to Its Buy Rating for ALS (CPBLF)
Morgans analyst Nicholas Rawlinson maintained a Buy rating on ALS (CPBLF – Research Report) today and set a price target of A$20.50. The company's shares closed last Thursday at $11.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Rawlinson is ranked #3989 out of 9536 analysts. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ALS with a $11.48 average price target, a 4.36% upside from current levels. In a report released on May 14, Bell Potter also maintained a Buy rating on the stock with a A$20.00 price target.
Business Insider
19-05-2025
- Business
- Business Insider
Morgans Sticks to Their Buy Rating for Monadelphous Group Limited (8MP)
Morgans analyst Nicholas Rawlinson maintained a Buy rating on Monadelphous Group Limited (8MP – Research Report) today and set a price target of A$17.50. The company's shares closed last Friday at €9.70. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Rawlinson is ranked #4111 out of 9519 analysts. Currently, the analyst consensus on Monadelphous Group Limited is a Hold with an average price target of €9.11. 8MP market cap is currently €971.7M and has a P/E ratio of 20.86.
Yahoo
13-05-2025
- Business
- Yahoo
QVC CEO: Our consumers are ‘heavily distracted by current events'
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. QVC Group on Wednesday reported a 10% year-over-year revenue drop in Q1. Its net loss reached $91 million, compared to a net income of $8 million in the year-ago quarter. The company, which has until June to regain compliance with Nasdaq, will begin a reverse stock split if it gains approval during a shareholder meeting on Monday. 'Our consumer remains heavily distracted by current events,' CEO David Rawlinson said, remarking revenue on declines during a quarterly earnings call with analysts. QVC Group's quarter was marked by a decline in linear TV viewership, weakening customer sentiment and a volatile news cycle, Rawlinson said. That, as of late, includes worry over tariffs. China is the company's largest source for imports. QVC Group has reduced its sourcing from the country to under 50%, down from over 55% five years ago. It is working to shift sourcing to other countries, targeting a source mix where no single country has more than one-third of its sourced goods by the end of the year. 'Our teams have a number of mitigation strategies underway including sourcing diversification, limiting purchase orders, vendor negotiations and may include pricing price changes,' CFO Bill Wafford said. 'If tariffs persist at the current elevated levels, it is our expectation the market will likely see lower consumer demand particularly in discretionary retail.' Meanwhile, Cornerstone, which is comprised of four brands including Garnet Hill and Frontgate, was down 13% for the quarter, which the company attributed to ongoing 'housing market stagnation.' Earlier in May, Cornerstone's president, Ryan McKelvey, announced his retirement. QVC Group is searching for a new president, and in the interim Tom Bazzone, president of Frontgate, is stepping into the role. QVC Group is currently working to become a live social shopping company. In April, the company announced an agreement with TikTok to host 24/7 live shopping streams that feature its brands, products and talent. The company shuttered its headquarters in Florida as part of a broader move to consolidate its QVC U.S. and HSN operations and moved its brand operations to West Chester, Pennsylvania. Earlier this spring the company laid off 900 employees as part of a reorganization. QVC Group, which recently changed its name from Qurate Retail Group, said it intends to develop streaming commerce options across YouTube TV, Hulu and Netflix, as well as tailor its content for TikTok, Facebook and other platforms. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
12-05-2025
- Business
- Business Insider
Morgans Keeps Their Hold Rating on Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh (CVL)
In a report released today, Nicholas Rawlinson from Morgans maintained a Hold rating on Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh (CVL – Research Report), with a price target of A$1.10. The company's shares closed last Friday at A$0.99. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Rawlinson is ranked #4264 out of 9472 analysts. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh with a A$1.25 average price target.
