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Nordstrom has agreed to acquire social shopping site HauteLook for $270 million. The site provides private sales of home, beauty, travel and local services for women, men and kids at discounts of 50 to 75 percent.
In the last two years, HauteLook says it has conducted 2,500 private sales events for 1,000 high-profile brands. HauteLook is one of many sites in the burgeoning new area of e-commerce, fueled by private/flash sales and other group-buying trends.
HauteLook will operate as an independent, wholly owned subsidiary of Nordstrom.
Channels: hautelook, nordstrom, social shopping
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[...] This post was mentioned on Twitter by Mike Garnett, JobShoots. JobShoots said: Nordstrom Buys Social Shopping Site HauteLook http://bit.ly/gITc5d #news #socialmedia [...]
Pingback by Tweets that mention Nordstrom Buys Social Shopping Site HauteLook -- Topsy.com — February 18, 2011 @ 4:22 PM
…………Feb 17 2011………………………In one of the larger exits so far in the flash sales business retail chain Nordstrom flash sales site for 180 million in Nordstrom stock and three-year earn-out of up to 90 million. .Thanks to the of members-only online sample sales HauteLook has grown to 4 million members since launching in 2007.
Comment by Lina N. Byers — February 22, 2011 @ 12:15 PM
Members-only website acquired another private sales site to get into the travel business.. .BonVoyou which signals good trip for you specializes in boutique and luxury hotels sales for its members..BonVoyou based in Chicago was founded by several expatriots including CEO Jeff Eckerling who served at Orbitz as senior director of hotel strategy..Los Angeles-based HauteLook specializes in designer brands for women beauty home kids and men and says it will use its purchase of BonVoyou to launch a travel vertical later in 2010..HauteLook says it has 3 million members in the U.S.
Comment by Salvador N. Burt — February 23, 2011 @ 3:24 AM