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]
flash sales
TV Retail Meets Online Flash Sales In QVC Parent Company’s $2.4B Purchase Of Zulily
By 8.17.15
In what appears to be a match made in retail heaven, the owner of QVC plans to purchase growing flash sale business Zulily for about $2.4 billion. [More]
Zulily Will Test Accepting Merchandise Returns
By 6.24.15
The great flash-site boom of the past decade has one great success story that has survived the recession: Zulily, which started out selling children’s clothing and toys and has slowly expanded into clothes and accessories for women. That expansion means that the company is trying something that it previously found unthinkable: they’re testing merchandise returns. [More]
Fab.com Brand Sold For Maybe $15 Million-ish, Spinoff Still Sells Furniture
By 3.3.15
You may remember Fab.com from when people were posting affiliate links from them to your Facebook feed almost constantly. The company was massively successful as part of the recession-era flash-sale boom, combining discounts with well-curated products. That model led the company to have hundreds of employees and a $1 billion valuation. Then that business collapsed. Now the Fab.com brand has been sold for…well, the companies involved aren’t disclosing how much the final sale price is. [More]
