QVC and HSN are not owned by the same company, but are instead their own separate entities. QVC is owned by Liberty Interactive Corporation, which was formerly known as Liberty Media Corporation, and HSN is owned by Home Shopping Network, Inc. HSN and QVC are competitors in the television shopping niche.
QVC is broadcast into 300 million homes around the globe, with markets in the United States, the United Kingdom, Japan, Italy and Germany, among others. It was founded in 1986, and the letters of its name stand for Quality, Value and Convenience. QVC is the leading eCommerce retailer with $8.6 billion in annual revenue for 2013. QVC is a behemoth in the industry and has 17,000 employees around the world.
HSN is a $3 billion enterprise offering direct-to-consumer sales of products through TV, internet and mobile applications. More than 95 million households can receive its programming. Its website offers 50,000 product videos. HSN also offers shopping on Apple and Android devices via HSN apps.
Cornerstone is another segment of HSN's business operation. This segment offers catalog sales for brands such as Grandin Road, Ballard Designs and Frontgate, among others. Cornerstone has 11 retail outlet stores and sends out more than 300 million catalogs each year.