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Wednesday, December 27, 2023

The Daily Money: Online retailer Zulily is shutting down

Zulily. a popular online clothing retailer, is shutting down. The company has struggled to compete with Amazon and had several rounds of layoffs.

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed Dec 27 2023

 

Paul Davidson Economics and Jobs Reporter

zulily.png

Zulily was a unique online retailer

Zulily

Happy Wednesday, Daily Money readers! It's Paul Davidson bringing you the latest headlines as you count down to 2024.

Zulily, the popular online clothing and children's retailer, is going out of business.

The company, which has struggled to compete with Amazon, said it will "strive to provide everyone with the best service possible during this holiday season." It said it will try to fulfill all pending orders and refund those that can't be filled.

The company, founded in 2010, offered products ranging from clothing to home décor but has had several rounds of layoffs in recent years. It said it will enter into an Assignment for the Benefit of Creditors instead of filing for bankruptcy.

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About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

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