Online Retailer Zulily is Shutting Down

Online retailer Zulily is shutting down. Writing on the company's homepage, an official said Zulily's leadership had "made the difficult but necessary decision to conduct an orderly wind-down of the business to maximize value for the companies' creditors." From a report: Launched in 2010 and based in Seattle, Zulily specialized in children's and women's apparel. It went public in 2013, and at one point was valued at approximately $9 billion, according to The Wall Street Journal. The retailer was long considered a staple of Seattle's tech scene, and in 2019 signed a multiyear sponsorship deal with the Major League Soccer team Seattle Sounders. More recently, Zulily became known for its aggressive advertising across social media platforms. Further reading: 'Office Space' Inspired Engineer's Theft Scheme, Police Say.

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