31 05 2012

Originalmente publicado en VentureBeat:

One Kings Lane, a flash deal site that sells high-end furniture and home decor products, announced today that it has raised $40 million in its third round of funding led by Tiger Global Management.

Luxury brands dispose of excess inventory in flash sales to a defined membership, rather than trying to move it in conventional e-commerce channels like Amazon.com, eBay, or their own stores. One Kings Lane then sells those products at steep discounts — usually between 50 percent and 70 percent off the product’s retail price.

Though One Kings Lane grabbed an early lead in the home-furnishings category, it’s facing aggressive competition from Gilt Groupe, a New York-based startup which has branched out from apparel. One Kings Lane has expanded aggressively into lower-priced products with its “Downstairs” flash deal, which sells similar products at even steeper discounts, said One Kings Lane chief executive Doug Mack.

“You’ll see more…

Ver original 196 palabras más

About these ads

Acciones

Información

Deja un comentario

Introduce tus datos o haz clic en un icono para iniciar sesión:

Logo de WordPress.com

Estás comentando usando tu cuenta de WordPress.com. Cerrar sesión / Cambiar )

Imagen de Twitter

Estás comentando usando tu cuenta de Twitter. Cerrar sesión / Cambiar )

Foto de Facebook

Estás comentando usando tu cuenta de Facebook. Cerrar sesión / Cambiar )

Google+ photo

Estás comentando usando tu cuenta de Google+. Cerrar sesión / Cambiar )

Conectando a %s




Seguir

Recibe cada nueva publicación en tu buzón de correo electrónico.

%d personas les gusta esto: