Fab.com Acquires FashionStake After Seven Months of Rapid Growth

Fab.com, a New York-based flash sales site known for selling home decor, apparel and other items from independent designers, has acquired FashionStake.
fab + fashionstake

Gilt Groupe CEO: Restructuring Rumors Overblown, IPO Still on Track

Kevin Ryan is denying rumors this morning that the luxury e-commerce company is undergoing a massive restructuring; nearly all of its 900 employees and business units remain intact.
gilt_groupe

News Byte

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.

Nordstrom's Flash Sales Revenues to Hit $180 Million This Year

Nordstrom is estimating that its newly acquired flash sales site, HauteLook, is on track to record sales of $160 million to $180 million in 2011.

Gilt Groupe Raises $138 Million from Softbank and Others for Growth, Acquisitions

Gilt Groupe, the New York-based flash-sales site that offers discounts on apparel, travel, home decor and other categories, has raised a whopping $138 million in capital.

Amazon's New Fashion Site to Compete With Gilt Groupe and Others

Amazon.com is launching yet another apparel site, this time to compete against trendy members-only offerings from Gilt Groupe and others.

Gilt Groupe Competitor Ideeli Raises $40 Million in Capital

I hope all those trendy runway outfits have deep pockets. New York-based Ideeli, which operates a members-only flash sales site aimed at the affluent, has raised a hefty $41 million in a third round of capital.

Flash Sales Site Focused on Indian Fashion Expands to Travel

Exclusively.In, a flash sales site focused on importing Indian jewelry and apparel to U.S. consumers, has launched a travel vertical that focuses on sending those consumers abroad.

Indochino Stitches Up $4 Million Round to Fund Men's Custom Apparel Site

Indochino has raised $4 million in venture capital to continue making custom-tailored suits over the Internet.

Web Commerce Isn't Really Social…Yet

Social and e-commerce seem like they could be an explosive combination, but current darlings Groupon and Gilt Groupe are only scratching the surface.

Amazon.com: Earth's Biggest Hangover

Amazon.com: Earth’s Biggest Hangover

Apple Agrees to Pay Self $14 Million