...NEW YORK (S&P Global Ratings) Nov. 8, 2016--S&P Global Ratings said today that its ratings and outlook on Liberty Interactive Corp. (##/Negative/--) are unaffected by the company's lower-than-expected third-quarter results at QVC, which accounts for the majority of its consolidated revenues and profits. Amid a weak retail environment, QVC's revenues declined 3% year-over-year on lower average selling prices in the U.S., while company-reported operating income dropped 18% because of lower product margins and certain higher costs including warehousing expenses. zulily, which is consolidated into Liberty Interactive's financials (16% of consolidated revenues), fared better with double-digit growth in revenues and company-reported adjusted operating income on higher transaction volume and cost efficiencies. We expect some of the softness in certain product categories such as jewelry, accessories, beauty, and electronics to continue into the fourth quarter of 2016, which could result in additional...
