Gilt news and archive

Rue La La to acquire Gilt

Flash sale brand Rue La La has confirmed that it is to acquire Gilt, from the Hudson’s Bay Company to create a “multi-brand growth platform”. Both e-commerce destinations will continue to operate independently a statement confirmed, with both Rue La La and Gilt “retaining their unique identities and serving distinct customer segments,” while...

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Hudson’s Bay reports better than expected Q1 sales

Canadian retail group Hudson’s Bay Company (HBC) first quarter sales where better expected, as sales where driven by the company’s expansion push into European and its recent acquisition of online retailer Gilt. For the 13 weeks which ended April 30, 2016, HBC reported consolidated retail sales increase of 59.4 percent, up 1.2 billion CA dollars...