Online retail giant Zulily has announced plans to shut down its operations following a challenging 2020. The company, which specializes in providing an array of online products to the general public, has seen its market share diminish over the past year due to the increased competition from larger online stores.
Founded in 2009, Zulily established itself as one of the major players in the online retail space. With its huge selection of products from clothing to home appliances, the online store managed to draw in plenty of customers. It offered an affordable shopping experience that allows customers to purchase with ease.
However, the company has not had an easy time in the past year. The emergence of bigger stores like Amazon have pushed Zulily to the side as more people have chosen to purchase from other retailers. The company had also been struggling to make profits in 2020 due to its inability to keep up with the ever-changing retail landscape.
As a result, the company has decided to wind down its operations and cease trading. All products are currently being sold at a discounted rate as part of the inventory liquidation process and the company is working to ensure that all its customers are able to make their purchases with ease.
The shut down of Zulily comes as a major shock to the online retail industry and its patrons. The online store’s services have greatly improved the shopping experience for many people who are now left with one less place to purchase items from.
It’s a sad day for those who have come to rely on Zulily for their online shopping needs. As one of the largest players in the online retail space, the company’s closure is no doubt a major hit to the industry. While it might take some time for the dust to settle, the end of Zulily will leave a huge void in the industry.
Online retail giant Zulily has announced plans to shut down its operations following a challenging 2020. The company, which specializes in providing an array of online products to the general public, has seen its market share diminish over the past year due to the increased competition from larger online stores.
Founded in 2009, Zulily established itself as one of the major players in the online retail space. With its huge selection of products from clothing to home appliances, the online store managed to draw in plenty of customers. It offered an affordable shopping experience that allows customers to purchase with ease.
However, the company has not had an easy time in the past year. The emergence of bigger stores like Amazon have pushed Zulily to the side as more people have chosen to purchase from other retailers. The company had also been struggling to make profits in 2020 due to its inability to keep up with the ever-changing retail landscape.
As a result, the company has decided to wind down its operations and cease trading. All products are currently being sold at a discounted rate as part of the inventory liquidation process and the company is working to ensure that all its customers are able to make their purchases with ease.
The shut down of Zulily comes as a major shock to the online retail industry and its patrons. The online store’s services have greatly improved the shopping experience for many people who are now left with one less place to purchase items from.
It’s a sad day for those who have come to rely on Zulily for their online shopping needs. As one of the largest players in the online retail space, the company’s closure is no doubt a major hit to the industry. While it might take some time for the dust to settle, the end of Zulily will leave a huge void in the industry.
