Dive Brief:
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Flash retailer Zulily Inc. saw a 97% increase in Q2 sales compared to last year and a 96.% increase in net sales compared to Q2 2013, the company said. Net sales for the quarter were $285 million and net income was $7.8 million.
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From Q2 2013 to Q2 2014, 84% of Zulily’s North American orders were from repeat shoppers. The company is developing a third fulfillment center on the East Coast, though no exact location has been revealed.
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Almost half (49%) of its North American orders were made via mobile, the company reported.
Dive Insight:
Zulily so far is having a strong year after going public last November. Its performance and expansion are in contrast to many other flash-sales retailers, which have faltered recently.