topic Re: New Layoffs: Zulily in Q Talk

New Layoffs: Zulily

They CallMe MRWILKES — Wed, 08 Mar 2023 10:56:10 GMT

Yesterday it was announced that Zulily has laid off employees, following a similar action with the QXH US workforce.

These layoffs are in addition to Qurate's 400 headcount reduction which did not include Zulily.

The exact number and location have not yet been disclosed.

Re: New Layoffs: Zulily

Roscoe the Rascal — Wed, 08 Mar 2023 11:11:23 GMT

Glad I am on the I can retire anytime side of things. I don't have to work with the worries of will I make it to retirement. I plan on next year or maybe even sooner. I just need to make sure I have it all in order. Some things to check off my list yet.

My daughter is looking for a job now and not easy to find the right one. Just keep on looking and interviewing.

Re: New Layoffs: Zulily

Caaareful Shopper — Wed, 08 Mar 2023 11:27:48 GMT

I love to shop Zulily. I just bought a pair of Jai sterling box chain hoop earrings there for $12!

But they've been bleeding revenue for years. Sad about the layoffs. Their customer service is stellar; always responsive and very quick to refunds or credits.

I wonder how many total employees Zulily has, since they don't warehouse any items.

Re: New Layoffs: Zulily

ellaphant — Wed, 08 Mar 2023 13:23:44 GMT

Layoffs have been happening everywhere. Serius XM radio just announced 475 layoffs..

Re: New Layoffs: Zulily

Trix — Wed, 08 Mar 2023 14:08:13 GMT

Qurate cut staff throughout their retail operation so which would include QVC, HSN, Zulily, etc.

Re: New Layoffs: Zulily

They CallMe MRWILKES — Wed, 08 Mar 2023 14:25:00 GMT

The initial cuts of 400 were exclusively at QXH US which is exclusively QVC and HSN. They did not include Zulily. This is described in detail in all releases, reports and filings.

"After careful consideration, we have made the very difficult decision to eliminate a number of roles within our Qurate Retail Group team, impacting our QVC US and HSN teams, and our corporate shared services teams in the U.S."

The Zulily layoffs just occurred yesterday and are incremental to the 400.

Re: New Layoffs: Zulily

Effie54 — Wed, 08 Mar 2023 14:25:23 GMT

@ellaphant wrote:
Layoffs have been happening everywhere. Serius XM radio just announced 475 layoffs..

Probably because most people stream their music through Apple CarPlay, and not Sirius,

Re: New Layoffs: Zulily

Kachina624 — Wed, 08 Mar 2023 15:53:49 GMT

I can remember 6 or 7 years ago when I first shopped at Zulily, their annual. earnings report was reflecting increases of up to 18%. Then Qurate bought them and they immediately started going downhill. They seemed to have lost many of their best vendors, especially in the home goods area.

Re: New Layoffs: Zulily

Mindy D — Wed, 08 Mar 2023 16:57:20 GMT

In Q's quarterly and annual reports it's mentioned that Ballard Designs, Frontgate and I think they also said Garnet Hill, were showing record sales increases. At least they are making some money with these.

Re: New Layoffs: Zulily

Mindy D — Wed, 08 Mar 2023 17:01:25 GMT

I wish the Zulily site didn't keep making me sign in before I can browse. I hate having to look up my password before I take a look. I've been eyeing a pair of Jai earrings for three months. I wonder if they're on Zulily for much cheaper.

Last time I shopped there I got a great deal on perfume.

Re: New Layoffs: Zulily

geezerette — Wed, 08 Mar 2023 17:01:55 GMT

@Kachina624 wrote:

I can remember 6 or 7 years ago when I first shopped at Zulily, their annual. earnings report was reflecting increases of up to 18%. Then Qurate bought them and they immediately started going downhill. They seemed to have lost many of their best vendors, especially in the home goods area.

@Kachina624

In reading one of the news stories about the Q's layoffs, a supplier wrote in the comments section about what a hassle it was trying to deal with QVC so he finally quit doing business with them.

Re: New Layoffs: Zulily

cjm61 — Wed, 08 Mar 2023 18:26:56 GMT

@Kachina624 Yes, 6 or 7 years ago Zulily was a totally different store. It was unique that it would have items available for only 3 days. Every day there was a big batch of new products. The prices were amazing and it was a fun place to shop with all the new and unique things. Shipping was the issue because Zulily took "orders" basically for items, then those items were shipped to Zulily, then finally shipped to the buyer. It wasn't that bad if you expected slow shipping. Well worth it in the long run.

Now, it's a very lame site. Rarely new items, even when you click "New Today" you get the same items day after day. Qurate pretty much ruined the site as I have found most items are overstock, items that can't sell on QVC, and sizing seems way off.

I still purchase a few items from Zulily but it's rare since I haven't had great luck with the items since QVC took over.

Re: New Layoffs: Zulily

Kachina624 — Wed, 08 Mar 2023 18:43:26 GMT

@geezerette wrote:
@Kachina624 wrote:

I can remember 6 or 7 years ago when I first shopped at Zulily, their annual. earnings report was reflecting increases of up to 18%. Then Qurate bought them and they immediately started going downhill. They seemed to have lost many of their best vendors, especially in the home goods area.
@Kachina624

In reading one of the news stories about the Q's layoffs, a supplier wrote in the comments section about what a hassle it was trying to deal with QVC so he finally quit doing business with them.

@geezerette I've heard that also.

Re: New Layoffs: Zulily

debfau — Wed, 08 Mar 2023 19:40:09 GMT

@Mindy D wrote:
In Q's quarterly and annual reports it's mentioned that Ballard Designs, Frontgate and I think they also said Garnet Hill, were showing record sales increases. At least they are making some money with these.

Maybe that was because people were having to furnish their new homes they purchased when the interest rates were so low there for a few years; sales at the end of this year probably won't be so good.

Re: New Layoffs: Zulily

MG Chris — Wed, 08 Mar 2023 19:53:04 GMT

@debfau wrote:
@Mindy D wrote:
In Q's quarterly and annual reports it's mentioned that Ballard Designs, Frontgate and I think they also said Garnet Hill, were showing record sales increases. At least they are making some money with these.
Maybe that was because people were having to furnish their new homes they purchased when the interest rates were so low there for a few years; sales at the end of this year probably won't be so good.

They are spendy places but the quality is terrific.

I am not sure what is going on, they are saying recession, stock market crashes and all this doom and gloom. I work in the restaurant business and we are seeing record numbers. We can't hire staff fast enough. I live in a building that bills itself as a luxury building and we have 75 people on the waitlist to move in. As I drove around the stores and malls are packed. My esthetician has hired three new people in the last couple of months. She is booked out six weeks ahead for any kind of treatments. That is a lot of Botox, lasers and facials for a poor economy.

Re: New Layoffs: Zulily

They CallMe MRWILKES — Wed, 08 Mar 2023 20:03:20 GMT

Cornerstone Brands Inc. (CBI) is one of Qurate's operating subsidiaries.

It consists of Ballard, Frontgate, Grand in Road and Garnet Hill.

In addition to e-commerce this division has brick and mortar stores and outlets.

It accounts for only about 11% of total Qurate gross revenue.

CBI Operating Income:

2020: $64 million

2021: $108 million

2022: $48 million

Re: New Layoffs: Zulily

bestday — Wed, 08 Mar 2023 20:07:55 GMT

@Caaareful Shopper wrote:
I love to shop Zulily. I just bought a pair of Jai sterling box chain hoop earrings there for $12!

But they've been bleeding revenue for years. Sad about the layoffs. Their customer service is stellar; always responsive and very quick to refunds or credits.

I wonder how many total employees Zulily has, since they don't warehouse any items.

Yes, their customer service is so nice. Never had a rude one.

Re: New Layoffs: Zulily

Snoopp — Wed, 08 Mar 2023 20:12:01 GMT

@ellaphant wrote:
Layoffs have been happening everywhere. Serius XM radio just announced 475 layoffs..

True. The tech industry was hit heavily as well as Wall Street firms.

Re: New Layoffs: Zulily

Foxxee — Thu, 09 Mar 2023 01:07:31 GMT

@geezerette wrote:
@Kachina624 wrote:

I can remember 6 or 7 years ago when I first shopped at Zulily, their annual. earnings report was reflecting increases of up to 18%. Then Qurate bought them and they immediately started going downhill. They seemed to have lost many of their best vendors, especially in the home goods area.

In reading one of the news stories about the Q's layoffs, a supplier wrote in the comments section about what a hassle it was trying to deal with QVC so he finally quit doing business with them.

@geezerette

I heard that, too.

Re: New Layoffs: Zulily

BalletBabe — Thu, 09 Mar 2023 02:57:52 GMT

@cjm61 wrote:
@Kachina624 Yes, 6 or 7 years ago Zulily was a totally different store. It was unique that it would have items available for only 3 days. Every day there was a big batch of new products. The prices were amazing and it was a fun place to shop with all the new and unique things. Shipping was the issue because Zulily took "orders" basically for items, then those items were shipped to Zulily, then finally shipped to the buyer. It wasn't that bad if you expected slow shipping. Well worth it in the long run.

Now, it's a very lame site. Rarely new items, even when you click "New Today" you get the same items day after day. Qurate pretty much ruined the site as I have found most items are overstock, items that can't sell on QVC, and sizing seems way off.

I still purchase a few items from Zulily but it's rare since I haven't had great luck with the items since QVC took over.

@cjm61 Let's face it,, They are ruining everything they get their hands on.