QVC & HSN Just Filed for Bankruptcy – Here’s What It Means for Shoppers

By Nicole | Staff Writer

Apr 17, 2026 @ 11:08 AM MDT

Hip2Save may earn a small commission at no extra cost to you via trusted partners and affiliate links in this post. Prices and availability are accurate as of time posted. Read our full disclosure policy here.

QVC Tik-Tok

On April 16th, QVC Group (the parent company of QVC and HSN) announced it has filed for Chapter 11 bankruptcy as part of a plan to restructure its debt which currently sits at over $6.6 billion.

Before you panic, this doesn’t mean QVC or HSN are going away. 🙌 Both brands will continue operating as usual while they work through the restructuring process which is expected to take about 90 days (through mid-July). Check out the recent press release for more information.

💡 Hip Tip: You can still shop QVC and HSN like normal, and orders, returns, and gift cards should continue to work as expected. That said, if you have a gift card or store credit, it’s not a bad idea to use it sooner rather than later just to be safe!

The purpose of the filing is to reduce more than $5 billion in debt and refocus on where shopping is headed including their newer streaming platforms (QVC+ and HSN+) and social selling channels like TikTok Shop.

Even better news: there are currently no planned layoffs or furloughs, and day-to-day business is expected to continue without disruption.

Sink your teeth into the latest food news!

About the writer:

Nicole has 7 years of blogging experience. While her primary background has been in the restaurant and hospitality industry, she is a self-taught couponer with over 10 years of hands-on experience and a desire to share her knowledge to help others save.