Hints and tips:
...A quarter of its sales are online and it has acquired upstart e-commerce concepts like Trunk Club and HauteLook. Nearly a third of sales come from its discount format, Rack....
...Gilt’s main rivals in the US are Rue La La, HauteLook, Ideeli and MyHabit, a site Amazon launched in May....
...For example, online US fashion sites, such as Gilt Groupe, Rue La La, Ideeli, HauteLook and MyHabit (owned by Amazon) present themselves as curators of invitation-only clubs....
...Nordstrom said it plans to run the HauteLook site as a stand-alone business and retain the existing management....
...HauteLook operates by offering excess inventory from fashion designers and retailers at 50-70 per cent discounts over a several-day period....
...From Rue La La to Gilt.com and HauteLook, two years of economic gloom have spawned a new breed of “invitation only” online luxury selling sites built around “flash” or limited time discounts....
...Three years later, in spite of intense competition from newer flash sale sites such as HauteLook or Rue La La in the US, Gilt is still expanding quickly....
...Online luxury fashion sales were boosted during last year’s US consumer slump as frugal customers turned to “flash sale” sites such as Gilt, Hautelook and Rue La La to buy cut-price fashion brands....
...Syl Tang tracks trends and runs HipGuide Inc. ceo@hipguide.com...
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