Gilt Groupe Expands E-Commerce Sites Into 90 Countries

Gilt Groupe is expanding its flash sales sites from the U.S. into 90 countries worldwide, entering markets where the flash sales concept originated. The membership site sells apparel for men, women and kids, as well as home decor, at close to 60 percent off retail price. Next month, the full-price brand Park & Bond will follow. Gilt has partnered with FiftyOne to enable international transactions, including currency conversion and delivery.


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Moore’s Law means that more and more things can be done practically for free, if only it weren’t for those people who want to be paid. People are the flies in Moore’s Law’s ointment. When machines get incredibly cheap to run, people seem correspondingly expensive.

— From Jaron Lanier’s new book, “Who Owns the Future?” excerpted on Wired.com

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