Leadership is changing at Qurate Retail following a hard quarter.
The company, which owns a number of brands including QVC, HSN, Zulily and Garnet Hill, reported in early August that revenue decreased 16% year over year to $3 billion during the second quarter.
Its Zulily brand was particularly hard hit, with revenue down 45% compared to a year ago, and an operating loss of $51 million, compared to a loss of $15 million last year. In May, the brand reduced its corporate headcount by 15%, which is expected to generate an annual savings of around $18 million.
