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In May 2023, Qurate Retail announced the sale of Zulily to Regent, L.P. [19] The company's revenue had dropped significantly in 2022 and 2023, which was followed by three rounds of layoffs in the Seattle area. [20] Zulily listed its Belltown headquarters for sale and moved into a smaller space in Seattle's Pioneer Square in October 2023. [21]
More recently, Zulily became known for its aggressive advertising across social media platforms. Zulily's path to liquidation has led to hundreds of layoffs over the past year in multiple states.
Once high-flying retailer Zulily is shutting down, eliminating 274 jobs at central Ohio distribution center at an Obetz-area warehouse. ... "FINAL SALE. All items must go." Zulily's distribution ...
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A closeout or clearance sale (also called a closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy . [ 2 ]
Prior to Zulily, Cavens held executive positions with Microsoft and online jewelry retailer Blue Nile. [2] [3] In 2009, Cavens and Mark Vadon co-founded Zulily, a flash-sales site focused on children's products. The site launched in 2010. [4] Zulily went public in November 2013. Cavens retained 21.6 percent of the voting power following the IPO ...
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