Gilt Announces Plans to Shut Down

After several years of unsuccessfully pivoting to a new business model, Gilt announces that it will be shutting down its website and app.

Gilt was founded in 2007 as a members-only online shopping destination. The company had a successful first few years, but starting in 2013 began to struggle as newer, flashier websites such as Zulily and Groupon began to take market share.

In an attempt to revive its business, Gilt shifted its focus from solely selling luxury items to also offering discounted items and everyday deals. However, this change failed to revive the company's fortunes, and Gilt has now decided to close its doors.

The closure of Gilt will leave around 100 employees without jobs, although many of them are likely to be offered positions at other companies in the online retail space.

This announcement comes as a surprise to many in the industry, as Gilt had appeared to be relatively healthy up until recently. It is possible that the company was unable to secure additional funding necessary for a turnaround.

Regardless of the reasons behind it, Gilt's closure will serve as a reminder that even high-profile startups can fall victim to financial struggles and eventually have to shut down.

Gilt Returns to Profitability

Gilt, the online luxury retailer, announced that it has returned to profitability. The company has been struggling in recent years, but a new CEO and restructuring plans seem to be working.

In the first quarter of 2018, Gilt reported a net income of $2.7 million on revenue of $143 million. This compares to a net loss of $5.8 million in the first quarter of 2017.

Part of the turnaround has been a move away from flash sales and more towards a traditional ecommerce model. In addition, Gilt has been investing in AI and machine learning to improve personalization and recommendations for shoppers.

The company is also expanding beyond the United States, with a recent launch in the United Kingdom.

Gilt Teams Up with Google

On Tuesday, Gilt announced a new partnership with Google. The two companies will work together to offer exclusive deals to Google users.

The partnership will make it easier for shoppers to find the best deals on the web. Deals from Gilt's inventory of luxury brands will be featured on a dedicated section of Google Shopping.

"We're excited to partner with Gilt and bring their amazing selection of designer brands to Google Shopping," said Sridhar Ramaswamy, Senior Vice President, Ads and Commerce at Google. "This collaboration will make it easier for shoppers to find great deals and save money on the things they want most."

For Gilt, the partnership is a way to reach more shoppers and boost sales. And for Google, it's a way to attract more luxury brands to its shopping platform.

Gilt Introduces New Shopping Features

Gilt, a leading online retailer, has announced several new shopping features. The most notable change is the addition of a wish list. Customers can now add items to their wish list directly from product pages and search results.

"Adding products to your wish list is the perfect way to keep track of things you're interested in, without having to remember the individual URLs," said Gilt's CEO Andy Dunn. "And since it's easy to share your wish list with friends and family, they can help you find the perfect gift."

Another new feature is called "My Styles." It allows customers to create a style profile and save their favorite looks for future reference. "My Styles" also provides personalized recommendations based on customer preferences.

In addition, Gilt has made it easier to search for specific items. Simply type what you're looking for into the search bar and the results will be tailored to your preferences.

These new features are designed to make online shopping more convenient and personalised for Gilt's customers. "We're always looking for ways to improve the shopping experience and make it even easier for our members," said Dunn. "We hope these updates will provide added value and make shopping on Gilt even more enjoyable."

Gilt Aims to be the Premier Shopping Destination for Women

Gilt is a women's shopping destination that offers discounts of up to 70% off retail prices on designer clothes, accessories, beauty products, and home decor. Founded in 2007, Gilt has become one of the leading e-commerce retailers in the world.

What sets Gilt apart from other online retailers is its unique shopping experience. Customers can buy items at a discount by registering for a free account, and then selecting the items they want to purchase. Gilt then sends a notification when the item goes on sale. This allows customers to purchase items before they go out of stock.

Gilt also offers a wide range of products from popular designers, including Tory Burch, Michael Kors, and Ralph Lauren. In addition, Gilt offers exclusive products that are not available anywhere else.

Gilt is committed to providing excellent customer service. If you are not satisfied with an item you purchased, Gilt will refund your money or exchange the item for something else.

If you are looking for a great deal on designer clothing and accessories, Gilt is the place to shop.