# Home shopping network pioneer QVC planning to file for bankruptcy.

*business · news · 2026-04-16 · KABC-TV*

## Key points

- QVC Group plans to file for Chapter 11 bankruptcy protection after reaching a restructuring agreement.
- QVC's sales in 2024 dropped nearly 30% from their $14 billion peak in 2020.
- QVC and HSN are struggling as consumers shift to livestreams on TikTok and online marketplaces.
- QVC aims to exit bankruptcy before summer but warns funding availability remains unpredictable.

**Companies:** QVC Group
**Countries:** United States

[Read the full story on KABC-TV](https://abc7.com/post/qvc-prepares-bankruptcy-protection-era-influencers-tiktok-temu/18899613/)

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