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From: HSN Vendor Relations <HSNVendorRelations@hsn.net>
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    Qurate Retail Group’s Brand Strategy March 23, 2018 [...] 
 
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[https://www.hsni.net/Library/Files/Images/Templates/2018HSN_Bug.png]

Qurate Retail Group=92s Brand Strategy

March 23, 2018


Good morning,

Our new organization continues to evolve to create engaging and inspiring s=
hopping experiences that deliver joy and build lifetime relationships. As t=
his occurs, it is important that QVC and HSN continue to operate as differe=
ntiated business units, with each company retaining its brand name, unique =
positioning and shopping experience for our customers.

We=92ve previously communicated our plans to extend vendor brands or produc=
ts from QVC to HSN or vice versa, within consumer electronics.  We have als=
o identified a few brands within the Home categories that we=92d like to ex=
tend across QVC and HSN. These limited opportunities will continue to be ma=
naged by me and my Global Merchandising Strategies team, solely focusing on=
 brands that include:


=B7         National brand recognition

=B7         High digital penetration

=B7         Strong customer acquisition

=B7         Broad distribution

=B7         High Null search returns
As mentioned previously, please continue to interact with the QVC/HSN leade=
rs you work with today. We will continue to communicate these updates as th=
ey develop amongst our teams both at QVC and HSN. Feel free to contact me a=
t doug.howe@qurateretail.com<mailto:doug.howe@qurateretail.com> with any qu=
estions or feedback. We thank you for your collaboration and patience as we=
 continue to build out this new organization.

Thank you,

Doug Howe
Chief Merchandising Officer, Qurate Retail Group

--_000_7b1e72c7abfb4e10958cad1cf93347beHIPWEXA004stpetehsnnet_
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<p class=3D"MsoNormal"><b><span style=3D"font-family:&quot;Century Gothic&q=
uot;,sans-serif"><o:p>&nbsp;</o:p></span></b></p>
<p class=3D"MsoNormal"><b><span style=3D"font-size:12.0pt;font-family:&quot=
;Century Gothic&quot;,sans-serif">Qurate Retail Group=92s Brand Strategy<o:=
p></o:p></span></b></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif">March 23, 2018<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif">Good morning,<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif">Our new organization continues to evolve to create engaging a=
nd inspiring shopping experiences that deliver joy and build lifetime relat=
ionships. As this occurs, it is important that
 QVC and HSN continue to operate as differentiated business units, with eac=
h company retaining its brand name, unique positioning and shopping experie=
nce for our customers.<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif">We=92ve previously communicated our plans to extend vendor br=
ands or products from QVC to HSN or vice versa, within consumer electronics=
.&nbsp; We have also identified a few brands within the
 Home categories that we=92d like to extend across QVC and HSN. These limit=
ed opportunities will continue to be managed by me and my Global Merchandis=
ing Strategies team, solely focusing on brands that include:<o:p></o:p></sp=
an></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoListParagraphCxSpFirst" style=3D"text-indent:-.25in;mso-list=
:l0 level1 lfo2">
<![if !supportLists]><span style=3D"font-family:Symbol"><span style=3D"mso-=
list:Ignore">=B7<span style=3D"font:7.0pt &quot;Times New Roman&quot;">&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]><span style=3D"font-family:&quot;Century Got=
hic&quot;,sans-serif">National brand recognition<o:p></o:p></span></p>
<p class=3D"MsoListParagraphCxSpMiddle" style=3D"text-indent:-.25in;mso-lis=
t:l0 level1 lfo2">
<![if !supportLists]><span style=3D"font-family:Symbol"><span style=3D"mso-=
list:Ignore">=B7<span style=3D"font:7.0pt &quot;Times New Roman&quot;">&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]><span style=3D"font-family:&quot;Century Got=
hic&quot;,sans-serif">High digital penetration<o:p></o:p></span></p>
<p class=3D"MsoListParagraphCxSpMiddle" style=3D"text-indent:-.25in;mso-lis=
t:l0 level1 lfo2">
<![if !supportLists]><span style=3D"font-family:Symbol"><span style=3D"mso-=
list:Ignore">=B7<span style=3D"font:7.0pt &quot;Times New Roman&quot;">&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]><span style=3D"font-family:&quot;Century Got=
hic&quot;,sans-serif">Strong customer acquisition<o:p></o:p></span></p>
<p class=3D"MsoListParagraphCxSpMiddle" style=3D"text-indent:-.25in;mso-lis=
t:l0 level1 lfo2">
<![if !supportLists]><span style=3D"font-family:Symbol"><span style=3D"mso-=
list:Ignore">=B7<span style=3D"font:7.0pt &quot;Times New Roman&quot;">&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]><span style=3D"font-family:&quot;Century Got=
hic&quot;,sans-serif">Broad distribution
<o:p></o:p></span></p>
<p class=3D"MsoListParagraphCxSpLast" style=3D"text-indent:-.25in;mso-list:=
l0 level1 lfo2">
<![if !supportLists]><span style=3D"font-family:Symbol"><span style=3D"mso-=
list:Ignore">=B7<span style=3D"font:7.0pt &quot;Times New Roman&quot;">&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]><span style=3D"font-family:&quot;Century Got=
hic&quot;,sans-serif">High Null search returns<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif">As mentioned previously, please continue to interact with the=
 QVC/HSN leaders you work with today. We will continue to communicate these=
 updates as they develop amongst our teams both
 at QVC and HSN. Feel free to contact me at <a href=3D"mailto:doug.howe@qur=
ateretail.com">
doug.howe@qurateretail.com</a> with any questions or feedback. We thank you=
 for your collaboration and patience as we continue to build out this new o=
rganization.<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif">Thank you,<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><b><span style=3D"font-family:&quot;Century Gothic&q=
uot;,sans-serif">Doug Howe<o:p></o:p></span></b></p>
<p class=3D"MsoNormal"><span style=3D"font-family:&quot;Century Gothic&quot=
;,sans-serif">Chief Merchandising Officer, Qurate Retail Group</span><o:p><=
/o:p></p>
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