What is Gilt? Gilt Review

Member Introduction

Gilt is a membership-based website. Only registered members can browse the products. The higher the level, the greater the privileges. High-level members can also place orders one hour in advance.

Sale Time

The flash sale starts at 12:00 p.m. EST (1:00 a.m. Beijing time, midnight during summer time) except Wednesday and Sunday, and lasts for 36-48 hours before being removed from the shelves. Gilt's shopping cart must be paid for within 10 minutes after adding items, otherwise it will be released and you will need to continue purchasing.

In addition, you can enter the product name such as Calvin Klein, Kate Spade, etc. in the search box in the upper right corner to filter out the styles that are on regular sale after the flash sale.

freight

Gilt charges sales tax on goods shipped to Massachusetts, New York and Kentucky, but no tax is charged to California.

The shipping fee within the United States is $5.95, and the international shipping fee is $19.95. You can ship directly to China but you must prepay the customs duties. Sometimes there will be (global) free shipping activities.

Sales categories

Women (including clothing, shoes, bags, and beauty products), men (similar to women), children (clothing, toys), home (electrical appliances, daily necessities, furnishings, bedding), etc.

Payment Methods

It supports common credit cards, including Visa, MasterCard and American Express, and also supports Alipay payment.

Financing

In December 2010, American online luxury retailer Gilt Groupe raised at least $15 million from venture capital firm TriplePoint Capital.

In May 2011, Gilt received a $138 million investment round led by SoftBank, with participation from Goldman Sachs, New Enterprise Associates, Draper Fisher Jurvetson Growth, Pinnacle Ventures, triplePoint Capital, Eastward Capital, General Atlantic and Matrix Partners.

In February 2015, Gilt Groupe raised $50 million in new financing from the company's existing investor General Atlantic, with participation from other Gilt investors and a new strategic partner.

Acquisitions

In 2016, Gilt Groupe was acquired by Saks Fifth Avenue's parent company, Canadian department store Hudson's Bay, for a low price.

In 2018, Hudson's Bay Co., the parent company of American luxury department store Saks and a Canadian luxury department store operator, agreed to sell its luxury flash sale website Gilt Groupe to its competitor Rue La La.

References

• 1. American luxury online retailer Gilt raises $15 million: techweb [cited on 2010-12-14T16:00:00.000Z]
• 2. Gilt, the once popular luxury flash sale website, is sold again, and its former competitor takes over: Sohu [cited on 2018-06-04T16:00:00.000Z]
• 3. E-commerce company Gilt Groupe raises $50 million in new financing: Tencent Technology [cited on 2015-02-16T16:00:00.000Z]