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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