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NY Mag: Gilt selling merch made for Gilt

Discussion in 'Classic Menswear' started by Sebastian_Flyte, Feb 15, 2010.

  1. clausc

    clausc Senior member

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    Can it grow like Yoox by extending the number of brands and to other countries? I don't live in US so I did not register to Gilt, but how if the difference between the two in pricing?
     


  2. Icehawk

    Icehawk Senior member

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    True, but some of us actually want the first quality items... which are available at lesser discounts through places like Yoox or Bluefly.
     


  3. YoungAmerican

    YoungAmerican Senior member Dubiously Honored

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    Ultimately, it had to happen if Gilt wanted to grow. By definition, how much 'overstock' of first quality goods can there be? With more than 1.5 million members (and growing rapidly), how can the supply of sample and overstock possibly keep up?

    If their membership grows, and they keep selling first-quality merchandise at a deep discount, how long will the full retail margin of those goods be sustainable? The only way Gilt could have been sustainable in the long run is if they capped membership numbers, which would obviously inhibit growth. With this model, they're trying to have their cake and eat it too - which as others have noted, Ralph Lauren has already proven can work.


    Hey, doing it is one thing. Doing it without disclosing they're doing it is another.
     


  4. JohnGalt

    JohnGalt Senior member

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  5. edmorel

    edmorel Quality Seller!! Dubiously Honored

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    huh? [​IMG]

    Meaning that I've yet to find anythnig there that I did not already know about or hear about. The articles are fluff piece crap for the most part and do we really need to be told about every new restaurant that opens up in SoHo which will be closed in 6 months anyway? You know more about NYC by walking around and "doing" than by reading this rag.
     


  6. gdl203

    gdl203 Affiliate Vendor Dubiously Honored Affiliate Vendor

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    What are you talking about - who said anything about a mag replacing personal experience? Pretty much everyone I know here gets the NY Mag - it's like $20 a year... How can it not be "worth" it? Just the Cheap Eats and Best Eats issues alone are worth the $20. The other fifty issues are gravy

    And yeah, I like to know about new places around my hood - why not. Do you have a rag that tells you about new places around your hood?
     


  7. rebel222

    rebel222 Senior member

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    As I have previously noted, Gilt is becoming more of a hassle than it's worth. I'm moving on. The fad is over.
     


  8. edmorel

    edmorel Quality Seller!! Dubiously Honored

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    And yeah, I like to know about new places around my hood - why not. Do you have a rag that tells you about new places around your hood?


    Nope, I just find go out and if a place looks interesting, I go in. I just don't feel like going through all the fluff that is in NY mag, and at least 90% of it is fluff IMO. If you like it and use it, then it is obviously worthwhile to you.
     


  9. edmorel

    edmorel Quality Seller!! Dubiously Honored

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    The fad is over.

    Actually, Gilt has popularized the "limited time" sale fad. neiman and ebay are doing it, among others. I think Neiman specifically mentioned Gilt as the reason. Obviously, the money is just too good to pass up when it comes to made for outlet items and there is only so much "real" designer merchandise to go around the myriad of sales outlets that exist. The Gilt CEO is a smart woman and probably is looking for an IPO down the road and you need to have steady, predictable inventory if you are looking to grow the business.
     


  10. rebel222

    rebel222 Senior member

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    Gilt's response is here: Link Sounds like they are going to continue to hide the items made specifically for Gilt. Also, their "elite buyer's club" attitude is getting old. Just because I need an invite to purchase something doesn't make it an elite club. That's like Sam's club having the attitude that their customers are special, and if you don't like it, you can just go shop at Wal-Mart. I'm not sure why the Gilt rep uses such snark when discussing concerns like these. If I emailed Gilt with a concern about their practices, and I received a response as rude as some of their comments on here, I would be really ticked off.
     


  11. lefty

    lefty Senior member

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    As I have previously noted, Gilt is becoming more of a hassle than it's worth. I'm moving on. The fad is over.

    Agreed. The Duncan Quinn Experience was ridiculous. Jetsetter? Bodum?

    Gilt is more or less spam to me now.

    lefty
     


  12. mccvi

    mccvi Senior member

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    I just don't feel like going through all the fluff that is in NY mag, and at least 90% of it is fluff IMO.
    That's what hired help is for, c'mon this is nyc. Then they tell you about the 10% of worthwhile reading, preferably over morning tea. Since unemployment is so high - consider hiring someone to do the job, and you'll feel good that your helping the economy move forward. mccvi typed and composed by: a.r.s. (hired help) approved by s.s.e. (head hired help)
     


  13. japhi

    japhi Member

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    Based on the reps response they may have online retailing down but they have a ways to go with PR and Customer Service.

    A 180M company should have the resources to address the article with a well crafted press release, not snarky one line anwers.
     


  14. edmorel

    edmorel Quality Seller!! Dubiously Honored

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    Based on the reps response they may have online retailing down but they have a ways to go with PR and Customer Service.

    A 180M company should have the resources to address the article with a well crafted press release, not snarky one line anwers.


    SoCal will take your concerns into consideration.
     


  15. mack11211

    mack11211 Senior member

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    The article was very good.

    Markets evolve rapidly, and the master one day is a slave the next.

    It is impossible to determine whether an overstock just happened or was planned. I also don't see how to denigrate something made with leftover fabric, if it was the same quality (or the same fabric) of fabric the designer would have used previously.

    The strongest issue is whether lower-quality items are being made specifically for sale by Gilt, as the NY Mag article alleges.

    In all the Gilt responses so far, they have not yet denied this.

    If the issue burns hotly enough, a consumer affairs agency or a publicity-minded attorney general may get involved.
     


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