Key Factors
- E-commerce reached 16.4% of retail gross sales in Q3 2025, modestly impacting bodily shops.
- Decline in TV viewership and cord-cutting contributed to a drop in gross sales for televised buying networks.
- The Chapter 7 submitting means liquidation for the model.
Whereas the web has taken some gross sales from brick-and-mortar retailers, the numbers are literally pretty modest.
“The third quarter 2025 e-commerce estimate increased 5.1% (±1.2%) from the third quarter of 2024, while total retail sales increased 4.1% (±0.4%) in the same period. E-commerce sales in the third quarter of 2025 accounted for 16.4% of total sales,” in response to knowledge from Census.gov.
That’s important harm, nevertheless it leaves loads of gross sales for conventional brick-and-mortar retailers.
The web, nevertheless, has been devastating to the 2 largest home-shopping giants, HSN and QVC. These two manufacturers merged in 2017, with each retaining their very own identities.
HSN did depart its Florida headquarters in 2025 to move to QVC’s campus in Philadelphia to avoid wasting prices.
These manufacturers do live on, however one other participant within the house, Primetime Procuring Community, has not. It declared Chapter 7 chapter and has closed down all operations.
Youthful folks typically watch much less conventional tv. — Supply: Shutterstock
Wire-cutting means much less publicity for residence buying networks like HSN and QVC.
- Dramatic drop in TV family penetration: QVC’s primary channel reached 44 % fewer properties and HSN 47 % fewer properties in 2024 in contrast with 2018, a transparent signal of abrasion in linear TV viewers share, in response to CNBC.
- TV viewing minutes down: QVC/HSN noticed TV minutes considered decline 4 % whereas information/data programming grew, suggesting shoppers are shifting consideration away from buying channels, Retail Dive reported.
“Our customers are spending dramatically more time on social media, and that is increasingly where they are finding inspiration and shopping,” QVC Group CEO David L. Rawlinson II instructed the Philadelphia Inquirer, explaining why the corporate is shifting its focus from conventional TV to social and streaming platforms.
Primetime Procuring Community didn’t have the identical widespread distribution as its greater rivals. It did have some cable clearance, airing on DirecTV, DISH, and Fios in addition to immediately on regional carriers, together with Spectrum. It additionally aired exhibits stay on social media and provided replays on YouTube.
The corporate’s web site nonetheless hyperlinks to these archives, and whereas it doesn’t point out the Chapter 7 chapter submitting, it does supply a “thanks for watching” message.
Court docket data present that Primetime Procuring Community Inc. filed its chapter petition within the U.S. Chapter Court docket for the Central District of California, Los Angeles Division.
The case is assigned to Decide Barry Russell, and the corporate is represented by the legislation agency Weintraub, Zolkin, Talerico & Selth LLP, in response to PacerMonitor.
- Chapter 7 submitting: Primetime Procuring Community Inc. filed a voluntary Chapter 7 chapter petition on January 23, 2026, within the U.S. Chapter Court docket for the Central District of California (Los Angeles Division).
- Case particulars: The case was assigned Case No. 2:26‑bk‑10646‑BR and lists the enterprise as a jewellery retailer based mostly in Playa del Rey, California.
- Monetary snapshot: In line with the official submitting, the corporate reported very restricted property ($0-$50,000) and estimated liabilities between $500,001 and $1,000,000, with 1-9 collectors anticipated.
- Income collapse: Official Type 207 within the chapter case exhibits no income in 2026 previous to submitting, simply $13,500 in 2025, and $97,250 in 2024, illustrating steep declines in enterprise exercise earlier than chapter.
- Debt and collectors: Main unsecured collectors listed embrace Basic Capital LLC and Donald Gruenberg Inc., together with a number of tax authorities such because the IRS, California Division of Tax and Charge Administration, Franchise Tax Board, and others.
The corporate ceased airing new exhibits throughout the Memorial Day vacation interval. Its Fb web page initially described the break as a “vacation,” however later messaging indicated the community would return “godwilling” in July. Its chosen phrasing displays the uncertainty and casual method of administration throughout this era.
Finally, the community by no means resumed operations, and its remaining property will now be liquidated.
Concerning the authors
Co-Editor-in-Chief The Avenue
Daniel Kline serves as co-editor-in-chief of TheStreet. He has greater than 30 years of expertise masking retail, eating places, journey, and expertise. He is the creator of Come Cruise With Me, and a famous professional on cruise journey. He has been passionate concerning the altering state of retail and loves to indicate why firms succeed or fail.
Celine is a author and editor with over 20 years of expertise and has lined numerous information, options, educational/analysis, and authorized matters. At TheStreet.com, Celine is a senior editor with expertise throughout retail, shares, investing, private finance, expertise, the financial system, and journey.
