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Hunters Alley, a site introduced by the founders of One Kings Lane less than five months ago, is dead in the water, reports Re/Code. This news comes as the company confirms that it has laid off 15 percent of its staff.
Hunters Alley was shut down because new One Kings Lane CEO Dinesh Lathi wants to "redirect the company's focus back to its main site," said anonymous sources. It was a peer-to-peer marketplace where sellers could offload vintage and new furnishings. Hunters Alley general manager Andrea Stanford will stay with the company.
· One Kings Lane Cuts 15 Percent of Staff, Kills Used Goods Marketplace [Re/Code]
· One Kings Lane Reportedly Laying Off 15 to 20% Of Its Staff [Racked]
· One King's Lane Ladies Introduce Their Next Home Run [Racked]