Video thumbnail for youtube video Zulily starts national TV ad campaign, looking to boost mom members

Zulily plans new distribution center to keep up with strong sales growth

Zulily said it will be opening a third distribution center next year in order to keep up with the breakneck sales growth it has been experiencing. The announcement was made on the company’s conference call this afternoon, which discussed results including revenue growth of 97 percent. But despite beating analyst expectations, it is clear the need to increase its distribution… Read More

Zulily CEO Darrell Cavens

Zulily sales increase 97% in Q2, active customers top 4M

Zulily, the Seattle e-commerce company, today posted revenues of $285 million on net income of $7.7 million, beating Wall Street expectations. It finished the quarter with $310.6 million in cash, cash equivalents and short-term investments. “We saw a significant increase in active customers and orders year over year, leading to a strong second quarter for… Read More

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Zulily shares soar on analyst report that applauds ‘hyper growth’ strategy

Zulily’s stock jumped 10 percent this morning after an analyst report upgraded the company’s shares to a buy from a neutral rating. In early trading, shares were up $3.70 apiece to trade at $40.25. Investors were bullish on the online retailer, which markets clothing, toys and home goods to moms, after Goldman Sachs released a report that said Zulily’s “hyper… Read More

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Zulily’s stock recovers as insiders are allowed to unload shares for first time

Wall Street punished Zulily last week after the daily deals site said it was prioritizing growth over profits. But today the company’s stock recovered a bit after its lock-up period expired. Shares were up nearly $3 to $35 a share, or 9.3 percent during regular trading hours today, and in after hours, shares remained stable. Typically, stock prices fall when insiders are allowed to… Read More

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Digital trade school Code Fellows names Amazon vet CEO

Kristin Smith, a former vice president at Zulily who previously spent eight years at Amazon.com, has been appointed CEO of Code Fellows. Meanwhile, Co-founder Will Little — who oversaw the organization after president Brent Turner moved to Rover.com — is taking on the CTO title. The Seattle company operates a “digital trade school,” an immersive… Read More

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Video: Seattle, A History of Innovation — from Boeing to Zillow and beyond

Last night’s GeekWire Awards in Seattle celebrated the top technologies, people and companies in the Pacific Northwest in 2014 — but we started by putting everything in a much broader historical context. The team at Killer Infographics created this motion graphic for the event, in collaboration with GeekWire, tracing the roots of innovation in the Seattle region from the… Read More

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Zulily cranks up marketing machine to draw in customers for non-kid categories

Wall Street didn’t like that Zulily reported a wider loss than expected, so they probably won’t like hearing this: The Seattle retailer plans to increase its marketing spend beyond what it originally budgeted in 2014. Zulily’s CEO Darrell Cavens and CFO Marc Stolzman made the case during the company’s conference call yesterday as to why this was… Read More

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Zulily’s shares crash as first quarter revenues jump 87 percent

Zulily exceeded the high-end of its estimates, reporting this afternoon that sales in the first quarter totaled $237.9 million, an increase of 87 percent. It also raised full-year revenue guidance slightly, expecting revenues to now fall between $1.15 billion and $1.2 billion. Still, investors reacted negatively to the results, pushing the stock lower after the numbers came… Read More

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Maveron’s Dan Levitan to step down from Zulily board as stock soars to new heights

Early Zulily investor Dan Levitan, the Maveron co-founder and partner, will not seek re-election to the company’s board of directors, and will step down following its next annual shareholder meeting, the company said in a Form 8-K filing with the SEC today. Zulily also said that it appointed John Geschke, Zendesk’s General Counsel, to the board. “We are thankful to… Read More

Zulily co-founder Mark Vadon in a 2011 interview

This Seattle tech exec saw his net worth skyrocket $500 million today

Zulily’s shares jumped more than 35 percent today after Wall Street applauded the Seattle online retailer’s fourth quarter earnings, which blew right past analysts’ estimates. The performance even got CNBC’s Jim “Mad Money” Cramer hyperventilating with excitement. But there’s one person who benefitted more than anyone with today’s news: Zulily chairman Mark Vadon. Vadon, the… Read More

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Mad Money Cramer says Zulily can ‘beat’ Amazon; stock soars 40% after big earnings release

CNBC “Mad Money” host Jim Cramer was extremely bullish on Zulily this morning, even calling the Seattle-based daily deals site for moms and kids’ products the first legitimate competitor he’s seen to fellow Seattle online retailer Amazon.com. “I think they can beat Amazon,” Cramer said on CNBC this morning. “Why? Because they are a technology company… Read More

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The year in quotes: From Ballmer to Bezos to Bitcoin

Wow, what a year! From Amazon drones to Steve Ballmer’s retirement to spectacularly performing IPOs, the tech industry took some wild twists and turns in 2013. Here’s our look back at the action, with some of our favorite quotes of the year. What are your favorite (or least favorite) moments of the year? December  “I… Read More

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Zulily shares soar 7%, tops $5 billion market value

Seattle’s newest publicly-traded company is continuing to shine on Wall Street after its spectacular IPO last month. The stock of the daily deals company jumped more than seven percent in value today, giving it a whopping market value of $5.58 billion. (There are currently 132.2 million outstanding shares).  That’s more than both Zillow and Tableau… Read More

Skype CFO Bill Koefoed is now with Portland's Puppet Labs.

Tech Moves: Ex-Microsofties join Amazon drone team; Skype CFO to Puppet Labs; Porch hires 3 execs

—It seems as though just about everyone has heard of Amazon’s audacious plan to deploy flying delivery drones. Some are calling it a PR stunt, but Amazon actually has a team of employees working on a project called “Amazon Prime Air.” Now we know who’s on the drone team. AllThingsD reports that there are five Amazonians on… Read More

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Here they are: GeekWire’s 2013 Newsmakers of the Year

It has been a giant year for news at many of the Seattle region’s technology companies — with successful IPOs, historic transitions, surprising technology plans and comeback stories keeping the GeekWire news team busy throughout the year. And with that as the backdrop, we are pleased to present an annual tradition, the unveiling of the… Read More