What I am reading:
Gilt, the well-funded company that sells high-end luxury goods online at steep discounts in short-term “flash sales”, has its eyes set on a new target: Groupon. At least, it’s launching a new service that has a very similar model. In the last two days, Gilt has been sending some members invitations to ‘Gilt City‘, where they can get “exclusive local deals and offers up to 70% off.” The service is only available in New York City for now, but it’s clear that Gilt intends to expand it elsewhere. As with Gilt’s normal flash-sales, you’ll have to request an account to take part (it looks like existing accounts already work).
Like Groupon, Gilt City offers deals from local businesses (restaurants, beauty salons, etc.) and events. Deals are available in limited quantities and for a limited time.
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