flash sales news and archive

Flash sales site SportPursuit secures 9.5 million pounds in funding

A fast-growing shopping club for sportsmen and women has secured a 9.5 million pounds injection to fuel its overseas expansion. SportPursuit, a four-year-old London business that sells discounted sportswear through online “flash” sales, has secured the cash from Scottish Equity Partners, Grafton Capital and existing investor Draper Esprit. The...

Fashion

Gilt Groupe considers going public

Gilt Groupe, the parent of online fashion designer sale website Gilt, is expected to go public in 2012. The company, which sells discounted luxury fashion brands online via 'flash' sales, would hope to be generating $1bn in annual sales. “I think it’s entirely possible that in 2013, depending on the markets and depending on how things are going,...