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Home/Banking News/Massive Online Retailer Is Now At High Risk of Closing
Market News Today - Massive Online Retailer Is Now At High Risk of Closing

Massive Online Retailer Is Now At High Risk of Closing

By Frank Nez
December 20, 2023
2

A massive online retailer is now at high risk of closing as the company’s struggles deepen with their website currently being down.

Visitors to Zulily are automatically redirected to a blank webpage with only the message, “We are down for maintenance.” 

The message follows a period of time where “final sale” and “all items must go” language appeared on Zulily’s homepage, making it unclear if the company intends to go out of business or has already done so, reports RetailDive.

It’s also unclear if or when the website will come back online, which has been down at least since Monday. 

RetailDive reports that Zulily and Regent, the private equity firm that bought the retailer in May, did not immediately respond to emails seeking comment about the website or the company’s operational status.

Zulily’s customer service phone line is also no longer being monitored.

“When the number was dialed on Tuesday morning, an automated message said: “Thank you for calling Zulily customer service. We are unable to service your call. Please email us using service@zulily.com for assistance,” reports RetailDive.

“The call then cut off, with no option to leave a message. A message sent to the customer service email received an automated reply indicating the company would respond “within 24 to 72 hours.””

Zulily’s Facebook page was still live on Tuesday morning.

However, the last post was from three days earlier – a promotion to shop for Sorel boots, sneakers and slippers. It includes a link to the now-dead website and mentions that “all sales are final.”

Customer orders appear to be in limbo, as one person asked under the most recent social media post “So are we still getting our orders?”

Another said, “Items not delivered, tracking numbers don’t work and all of their help and support options are closed for maintenance. Will be reporting this page to Facebook as a scam site.”

This is a developing story.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Other Economy News Today

Market News Today - Massive Online Retailer Is Now At High Risk of Closing.
Market News Today – Massive Online Retailer Is Now At High Risk of Closing.

A massive essential retailer in California now closes more stores after filing for Chapter 11 bankruptcy in October of this year.

Rite Aid has now added several more locations to its ever-growing closure list this week.

Rite Aid was founded in 1965 but has been struggling recently,

In October, the company filed for bankruptcy after incurring $3.3 billion in unpaid debt.

And according to financial reports to the U.S. Securities and Exchange Commission (SEC), Rite Aid has lost a whopping $3 billion since 2020.

In October, as part of their bankruptcy filing, Rite Aid announced that 154 locations nationwide would close, including thirty-one in California. 

However, since the initial filing, Rite Aid has confirmed several more closures.

In a court document filed by Rite Aid this week, the company revealed another twelve store closures, including two more in California.

Below is the full list of Rite Aid closures in California:

View the full list here.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

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Market News Today - Massive Online Retailer Is Now At High Risk of Closing.
Market News Today – Massive Online Retailer Is Now At High Risk of Closing.

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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news blog, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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  1. Frank Nez says:
    December 20, 2023 at 7:54 pm

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  2. Frank Nez says:
    December 20, 2023 at 7:53 pm

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