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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