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Tuesday, August 20, 2019  Spokane, Washington  Est. May 19, 1883
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News >  Business

Etailz CEO and co-founder Josh Neblett no longer with company, executive says

UPDATED: Tue., March 12, 2019, 7:35 p.m.

Josh Neblett, CEO and co-founder of Spokane Valley-based etailz, stands in the McKinstry Station building where Etailz had it offices on Wednesday, April 16, 2014. Ed Sapienza, CFO of etailz parent Trans World Entertainment Corp., confirmed Tuesday that Neblett is no longer with the company. (Jesse Tinsley / The Spokesman-Review)
Josh Neblett, CEO and co-founder of Spokane Valley-based etailz, stands in the McKinstry Station building where Etailz had it offices on Wednesday, April 16, 2014. Ed Sapienza, CFO of etailz parent Trans World Entertainment Corp., confirmed Tuesday that Neblett is no longer with the company. (Jesse Tinsley / The Spokesman-Review)

An executive with the parent company of Spokane Valley-based etailz confirmed Tuesday that CEO and co-founder Josh Neblett is no longer with the company.

Ed Sapienza, CFO of Trans World Entertainment Corp., confirmed Neblett’s separation from etailz via email but did not provide a reason for his departure.

“The company has no further comment other than to thank Josh for his contributions over the years,” he said in the email.

Etailz was founded in 2008 by Neblett, his wife, Sarah, and angel investor Tom Simpson. The company moved to new headquarters in Spokane Valley last year.

Neblett told The Spokesman-Review last year the company had outgrown its space in the McKinstry Station in Spokane’s U-District.

Etailz, a third-party seller on marketplaces such as Amazon, was acquired by Trans World in 2016 for $75 million.

Etailz reduced staff by more than 20 percent after Trans World reported $14 million in third-quarter losses last year.

Etailz indicated the layoffs were part of “a strategic realignment, which will better position the company to provide world-class service, marketing and sales to both existing and new partners.”

Simpson, who remains a Trans World shareholder, told The Spokesman-Review in January that slow growth and competition were reasons for the layoffs.

Sapienza said Neblett’s departure was not related to the company’s layoffs.

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