The parent company of television shopping network QVC is making a bet on Zulily, an online shopping site popular with moms.

Zulily, named one of Fast Company's most innovative companies in retail this year, is being purchased by the parent company of home shopping network QVC. The flash sale site has floundered in recent months, despite racking up $1 billion in sales during 2014.

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The parent company of television shopping network QVC is making a bet on Zulily, an online shopping site popular with moms.

Zulily, named one of Fast Company‘s most innovative companies in retail this year, is being purchased by the parent company of home shopping network QVC. The flash sale site has floundered in recent months, despite racking up $1 billion in sales during 2014.

Read Full Story