I doubt they’re going bust, but they’ve definitely gone downhill.
I’m probably lucky because, on the rare occasion that I have returned an item, I have received a refund fairly quickly (in QVC’s world anyway, although not as fast as most other companies) and I’ve never had a problem with Hermes deliveries, but that’s probably down to my local team of couriers.
BUT the fact that they keep pushing products with bad reviews as being “fantastic” wreaks of desperation, together with the fact that many of the shows are like Groundhog Day. Their email system is archaic and there is no way that in this day and age it should take over a week to reply to a customer’s query or complaint. IW and other companies reply within hours.
The presenters spend more time waffling on about grandchildren, their books, their dietary preferences etc than they do on telling the customer about the product or giving out sizes.
But the thing which I think could bring about their demise is that most of the products can be bought more cheaply elsewhere. If I see something being presented and it appeals to me I will/can usually buy it elsewhere, knowing that it will arrive more quickly, will be cheaper, will often have free P&P and refunds will be quick. Sadly though, a lot of customers think that QVC is the only place that sells things and so, with their purchases, QVC will continue to operate and will think that they do not need to “up their game.”
The reviews about the company on TrustPilot should ring alarm bells for them, but the whole company seems to be following the ostrich syndrome (we’ll bury our heads in the sand and that means it isn’t going pear-shaped.)