Spokane's Etailz Inc. bought for $75 million - Spokane, North Idaho News & Weather KHQ.com

Spokane's Etailz Inc. bought for $75 million

Posted: Updated:
SPOKANE, Wash. -

When you walk into Etailz Inc., you can see several of the products this Spokane company has helped get big success on websites like Amazon and Ebay.

"People that manufacture products and make really cool products, we seek out those companies, we work with those companies, we add value to them getting them to international markets," said CEO Josh Neblett.

The idea for Etailz grew from a business plan Neblett developed while he was a student at Gonzaga. He had some help from his then girlfriend Sarah, who is now his wife and co-founder.

"We decided to go out and raise a little bit of money and start this whole thing," said Neblett.

Etailz has had major success since the start. This business reported $116 million in revenue in the last year. Now they're being bought by Trans World Entertainment for $75 million.

"Someone asked me what are we going to do to celebrate this, and my wife and I were talking. We said we'll go eat an ice cream at Dairy Queen," said Neblett.

Neblett said there won't be any layoffs for his nearly 200 employees and headquarters will stay in Spokane.

"This is not an exit. This is not 'Hey let's wash my hands and move on to the next thing.' We still very much believe we're still scraping the tip of the iceberg of what we can become," said Neblett.

That's the attitude he hopes students will have if they're starting their own business.

"Why not right? Now's the time. You probably don't have a lot of strings attached as you will in 15, 20 years from now that you're in school," said Neblett.

Trans World reported it was interested in buying Etailz because of its data driven approach to online selling: http://www.streetinsider.com/Corporate+News/Trans+World+Entertainment+(TWMC)+Acquires+etailz/12138986.html

  • Most Popular StoriesMost Popular StoriesMore>>

  • Police: Video shows teens watching, laughing as man drowns

    Police: Video shows teens watching, laughing as man drowns

    Saturday, July 22 2017 2:48 PM EDT2017-07-22 18:48:32 GMT

    COCOA, Fla. (AP) - Authorities in Florida say a group of teens watched and laughed as a man drowned in a retention pond last week. Jamel Dunn drowned in a retention pond in the city of Cocoa on July 9. Cocoa police say they later discovered a group of teens recorded the 31-year-old's drowning on video. The video was released by the state attorney's office Thursday and audio was published by Florida Today.

    >>

    COCOA, Fla. (AP) - Authorities in Florida say a group of teens watched and laughed as a man drowned in a retention pond last week. Jamel Dunn drowned in a retention pond in the city of Cocoa on July 9. Cocoa police say they later discovered a group of teens recorded the 31-year-old's drowning on video. The video was released by the state attorney's office Thursday and audio was published by Florida Today.

    >>
  • Crews continue to fight brush fire near Highway 195

    Crews continue to fight brush fire near Highway 195

    Saturday, July 22 2017 7:50 PM EDT2017-07-22 23:50:23 GMT

    SPOKANE, Wash. - Washington State Patrol reports the Snag fire burning south of Spokane is 50 percent contained as of Saturday evening. Crews are expected to be on the scene of the fire through the night Saturday.

    >>

    SPOKANE, Wash. - Washington State Patrol reports the Snag fire burning south of Spokane is 50 percent contained as of Saturday evening. Crews are expected to be on the scene of the fire through the night Saturday.

    >>
  • Washington's new DUI-E law takes effect Sunday

    Washington's new DUI-E law takes effect Sunday

    Tuesday, July 18 2017 10:02 PM EDT2017-07-19 02:02:25 GMT

    SPOKANE, Wash. - "He was my youngest, he was my baby bear," Tina Myer said about her son that was killed by a distracted driver. It was a distracted driver that killed Tina Myer's son Cody, hitting the 23-year-old as he was working as a flagger at a construction site in December 2015. He suffered severe injuries, and died several months later. Now Myer is joining Governor Inslee, praising a new DUI-E law.

    >>

    SPOKANE, Wash. - "He was my youngest, he was my baby bear," Tina Myer said about her son that was killed by a distracted driver. It was a distracted driver that killed Tina Myer's son Cody, hitting the 23-year-old as he was working as a flagger at a construction site in December 2015. He suffered severe injuries, and died several months later. Now Myer is joining Governor Inslee, praising a new DUI-E law.

    >>
HD DOPPLER 6i
/
  • Top Stories from KHQHomeMore>>

  • Trump asserts all agree he has 'complete power' to pardon

    Trump asserts all agree he has 'complete power' to pardon

    Saturday, July 22 2017 8:46 PM EDT2017-07-23 00:46:35 GMT

    WASHINGTON (AP) - President Donald Trump says he has "complete power" to issue pardons, an assertion that comes amid investigations into Russian interference in last year's presidential election. The subject of pardons is one of many topics that appears to have occupied the president's mind Saturday morning.

    >>

    WASHINGTON (AP) - President Donald Trump says he has "complete power" to issue pardons, an assertion that comes amid investigations into Russian interference in last year's presidential election. The subject of pardons is one of many topics that appears to have occupied the president's mind Saturday morning.

    >>
  • Creators, cast of 'Stranger Things' debut season 2 trailer

    Creators, cast of 'Stranger Things' debut season 2 trailer

    Saturday, July 22 2017 8:22 PM EDT2017-07-23 00:22:33 GMT

    SAN DIEGO (AP) - The creators of "Stranger Things" premiered a trailer for the show's second season at Comic-Con on Saturday that was so new, even the cast hadn't seen it. The Duffer Bros. were joined by director Shawn Levy and stars Millie Bobby Brown, Matthew Modine and the crew of young actors who play a group of friends searching for their buddy who mysteriously disappears.

    >>

    SAN DIEGO (AP) - The creators of "Stranger Things" premiered a trailer for the show's second season at Comic-Con on Saturday that was so new, even the cast hadn't seen it. The Duffer Bros. were joined by director Shawn Levy and stars Millie Bobby Brown, Matthew Modine and the crew of young actors who play a group of friends searching for their buddy who mysteriously disappears.

    >>
  • Crews continue to fight brush fire near Highway 195

    Crews continue to fight brush fire near Highway 195

    Saturday, July 22 2017 7:50 PM EDT2017-07-22 23:50:23 GMT

    SPOKANE, Wash. - Washington State Patrol reports the Snag fire burning south of Spokane is 50 percent contained as of Saturday evening. Crews are expected to be on the scene of the fire through the night Saturday.

    >>

    SPOKANE, Wash. - Washington State Patrol reports the Snag fire burning south of Spokane is 50 percent contained as of Saturday evening. Crews are expected to be on the scene of the fire through the night Saturday.

    >>