Gilt, a leading shopping club in the US, is targeting $25 million for its first year revenue. (As reported by Fortune Magazine in their current print edition with the heading "DirtyCheapCouture.com")
"Gilt which launched in November 2007, expects sales of $25 million for the year. The site has amassed more than 500,000 members.
Customers are mostly women in their late 20s and early 30s with incomes in the low to middle six figures."
Gilt recently nabbed prominent Chief Exec Susan Lyne, which certainly helps when wanting press coverage from Fortune magazine. ;-)
Compared to Germany's leading shopping club Brands4Friends Gilt had a slow start. Brands4Friends which launched at about the same time as Gilt Groupe expects revenues close to $40m in its first year of operation.
Similar to the industry in Europe, where the private shopping club concept was made famous, new US clubs are springing up like mushrooms.
To the five already known brands (Gilt Groupe, Hautelook, Ideeli, RueLaLa, The Top Secret), you can now add: Editor’s Closet, Regent’s Secret and Kate Spade.
Related posts:
- US Media Discovers European Shopping Club Phenomenon
- Shopwiki and Gilt Groupe Founder Kevin Ryan in Interview
- Gilt Groupe: More Growth with Men’s Designer Fashion
Originally posted in German by Jochen Krisch, translated by Jason Soo.
To get your invitation at Gilt, go to http://www.giltgroupe.com/invite/egisele
Posted by: Gisele | 07/11/2009 at 08:40 AM