Shyp, the on-demand packing and shipping service, has pulled out of Miami.
The company launched in Miami in November 2014, its third city after San Francisco and New York. In an interview with the Miami Herald last year, CEO Kevin Gibbon said the Miami market skewed high for ecommerce shoppers and for international shipments, and in December a spokesman said the Miami operation was too busy shipping holiday gifts to give an interview. But in an article in FastCompany late last week, Gibbon said the Miami market has underperformed, in part because Shyp didn’t offer a Spanish language app and because Miami didn’t have enough tech-savvy consumers who would be Shyp early adopters. “Before a city is profitable, it's burning capital that can be used in other parts of the business,” Gibbon told FastCompany.
Shyp’s Miami couriers and warehouse staffers received the option of relocating to other Shyp cities or receiving severance packages, FastCompany said.