Press Release

Joy Mangano Departing HSN to Pursue Other Professional Opportunities

December 20, 2018: Retailer will continue to offer inventive products, such as Huggable Hangers and My Little Steamer.

St. Petersburg, FL (Dec. 20, 2018) – HSN announced today that after nearly two decades with the company, inventor, designer, entrepreneur and HSN team member, Joy Mangano, will be leaving HSN to pursue other professional opportunities.

“We and our customers are enormously grateful for all that Joy has done for our shopping community,” said Mike Fitzharris, President, HSN. “She has been an important part of the family for many years, and her creativity has influenced us all. We thank her for her contributions.”

Over the years, Mangano has delighted HSN customers with a steady stream of innovative products, such as her record-setting Huggable Hangers (more than 800 million units sold via HSN platforms), her My Little Steamer, SHADES Readers, Forever Fragrant line of cleaners and fresheners, Ultimate Closet line of organizers, and her collaborations with IMAN and Ming Tsai.  Mangano launched her first invention, the Miracle Mop, on QVC in 1992 and continued with QVC until HSN acquired Mangano’s company, Ingenious Designs, Inc., in 1999.

“Joy may be leaving, but our customers will be able to continue to shop Huggable Hangers, My Little Steamer and many of the great products she has presented on HSN over the years,” said Fitzharris. “And at the same time, customers will continue to see other fresh, innovative brands come to HSN as we add to our product assortments and create engaging new customer experiences.”

Fitzharris added that HSN has launched more than 100 brands over the past year, including new brands, propriety brands, crossover brands from QVC, and brands that HSN had worked with in the past. “We are incredibly encouraged by our customer response to our new offerings and look forward to bringing more for her to shop and enjoy in 2019,” he said.

In October, Qurate Retail Group, announced a series of initiatives designed to restore HSN to growth by focusing the business on offering more diverse products, enhancing the on-air presentations, driving digital growth, and improving the customer experience. These initiatives included the consolidation of the HSN and QVC US buying teams into one organization, with the goal of increased speed to market with the best brands, products, ideas and entrepreneurs; optimized product assortments to maximize customer choice; a more aggressive pursuit of “white space” opportunities; and better alignment with product suppliers.

Forward-Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements about initiatives regarding Qurate Retail Group and the HSN and QVC US businesses (the “initiatives”), and expected benefits resulting from the initiatives. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, general market conditions. These forward-looking statements speak only as of the date of this press release, and each of Qurate Retail, Inc. (“QRI”) and QVC, Inc. (“QVC”) expressly disclaim any obligations or undertakings to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in QRI’s or QVC’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of QRI and QVC, including each of their most recent Forms 10-K and 10-Q for additional information about QRI and QVC, respectively, and about the risks and uncertainties related to each of QRI’s and QVC’s business which may affect the statements made in this press release.

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About Qurate Retail Group

Qurate Retail Group comprises seven leading retail brands — QVC, HSN, zulily, Ballard Designs, Frontgate, Garnet Hill and Grandin Road — all dedicated to providing a ‘third way to shop,’ beyond transactional ecommerce or traditional brick-and-mortar stores. Globally, Qurate Retail Group is #1 in video commerce, reaching approximately 370 million homes worldwide via 16 television networks and multiple ecommerce sites, social pages, mobile apps, print catalogs and in-store destinations. Qurate Retail Group is #3 in ecommerce in North America and #3 in mobile commerce in the US (according to Internet Retailer). Qurate Retail Group combines the best of retail, media and social to curate products, experiences, conversations and communities for millions of highly discerning shoppers – bringing joy, inspiration and humanity to shopping. Qurate Retail Group also curates large audiences, across multiple platforms, for thousands of brand vendors. Headquartered in West Chester, PA, Qurate Retail Group has 27,000 team members in the US, the UK, Germany, Japan, Italy, France, Poland and China. For more information, visit www.qurateretailgroup.com. Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB) includes the Qurate Retail Group portfolio of brands as well as other minority investments.

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