Report: Online retailer seems to be unraveling

JackThreads is the latest company seeking help to stay afloat.



The online men’s retailer has cut its staff down to a skeleton crew with mass layoffs over the past two weeks, and is on the hunt for a buyer, according to Fortune.



The report explained that the company, which started as flash-sale site selling heavily discounted menswear, shifted gears last year when it began selling its own brand of men’s clothing at full price. It’s generous “TryOuts” policy also lets shoppers “test” merchandise, and only pay for what they keep.



Besides the process causing losses, customer complaints, canceled orders and overdue deliveries are taking their toll on customer service and long-term loyalty.



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