Saks Fifth Avenue Parent Company Buying Flash-Sales Company Gilt Groupe For $250 Million

Saks Fifth Avenue Parent Company Buying Flash-Sales Company Gilt Groupe For $250 Million

The owner of Saks Fifth Avenue is branching out into the world of here-and-then-gone Internet discounts, snapping up flash sale site Gilt Groupe for $250 million in cash. Because luxury brands obviously have that much money just sitting in their gilded piggy banks. [More]

Retail Websites Admit They Sort Of Encourage Drunk-Buying

Retail Websites Admit They Sort Of Encourage Drunk-Buying

Alcohol doesn’t make you do anything. But a few glasses of wine sure can quiet that voice in the back of your head that tries to tell you, “We don’t actually need that Tim Tebow Fathead wall sticker,” or whatever regrettable impulse buy you might be on the verge of making. And online retailers admit that those occasional after-work happy hours or the extra couple of drops of vodka in your homemade Bloody Mary that sometimes work out to their benefit. [More]