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gilt

Retail Businesses

How the Recession Affected Entrepreneur Financing In the Best Way Possible

The recession is why flash sale sites are old news, online-only stores are opening brick-and-mortars and why luxury brands now forgo exclusivity.

Why the Owner of Saks Fifth Avenue Is Buying Gilt

The acquisition is principally aimed at turning the discount Saks Off Fifth chain into an ecommerce powerhouse.

Once Valued at $1 Billion, Gilt Is Reportedly on the Block for $250 Million

The fashion ecommerce site is said to be in advanced talks with Saks Fifth Avenue's parent company.