West Chester-based shopping network QVC’s parent company could be delisted from the Nasdaq Stock market. Amid restructuring plans, the retail company’s stocks plunged to $1 per share for 30 straight business days, writes Ryan Sharow for the Philadelphia Business Journal.  

To save face, Qurate Retail Inc.’s stocks must meet or go above $1 per share for 10 business days prior to Oct. 30.  

If the company is not able to meet the metrics, it gets a 180-day compliance period and can move to the Nasdaq Capital market, which is for smaller market caps and has fewer requirements.  

Qurate has taken massive hits over the past year, reporting a $51 million fourth-quarter loss in March. CEO David Rawlinson cited a North Carolina fulfillment center fire as a factor.  

In March, the company laid off 400 employees as part of the “Project Athens” turnaround plan. The business overall also lost $2.59 billion in 2022. 

QVC and other at-home shopping network HSN make up the largest segment of Qurate.  

Read more about West Chester QVC’s financial woes in the Philadelphia Business Journal.  

Behind the scenes at QVC.