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Commerce

Gilt Groupe’s woes may signify overall slump in flash-sale industry

January 25, 2012

 

By Kayla Hutzler

Luxury flash-sale site Gilt Groupe’s recent lay-offs and office closings are likely a result of overzealous growth but are also causing some experts to question the longevity of the flash-sale business model.

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  1. Luxury Unfiltered: Porsche’s 911 Spirit 70 proves limited editions are essential
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  4. Rolls-Royce creates wildlife-inspired artwork for London Craft Week 2025
  5. Sales at Puig climb by 7.8pc in Q1
  6. Four Seasons to open beachfront resort in UAE
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