QVC, Inc., one of the largest multimedia retailers in the world, broadcasts live 24 hours a day, 364 days a year. A wholly owned subsidiary of Liberty Media Corporation attributed to the Liberty Interactive Group (Nasdaq: LINTA), QVC was founded in 1986 by Joseph Segel. In its first full fiscal year, QVC’s revenues exceeded $112 million, setting a record in American business history for sales of a new public company.
Last year, QVC received more than 181 million phone calls in the United States alone, and shipped 166 million units worldwide. Net sales for the 2007 fiscal year resulted in more than $7 billion. Today, QVC reaches more than 166 million cable and satellite homes worldwide.
QVC presents more than 1,150 products every week — 288 of these products are brand new to the QVC customer. Brand leaders include philosophy, Dell and Bare Escentuals.
-taken from QVC official website www.qvc.com