Retail

Zulily To Reopen After Beyond Acquisition, The Former Overstock.com

Zulily, an online retailer known for its flash sales, is set to make a comeback after being acquired by Beyond Inc., the parent company of Overstock

Zulily To Reopen After Beyond Acquisition
Retail

Zulily To Reopen After Beyond Acquisition, The Former Overstock.com

Zulily, an online retailer known for its flash sales, is set to make a comeback after being acquired by Beyond Inc., the parent company of Overstock and Bed Bath & Beyond. The acquisition, which included Zulily’s website, domain names, trademarks, customer database, social media accounts, and software, was completed for $4.5 million in cash.

This move is expected to bolster Beyond Inc.’s position in the off-price market and provide vendors with multiple outlets to improve inventory turns and financial performance. The revival of Zulily comes after a period of financial instability that led to its shutdown at the end of the previous year.

The company had struggled under the ownership of QVC’s parent company, Qurate Retail Group, which had acquired it for $2.4 billion in 2015. One of the main issues was the lack of a clear and cohesive business strategy. Zulily struggled to differentiate itself from other online retailers…

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