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Bits & Bytes | Gilt Nears Deal, Subscription Start-Ups, Matchesfashion.com's Growth

Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Gilt.com | Source: Gilt.com
By
  • Kate Abnett

"Hudson's Bay Is Said to Consider Buying Gilt Groupe for $250 Million" (The New York Times)
"Gilt Groupe, a onetime darling of online fashion sales, is nearing a deal to sell itself — albeit at a steep discount to its once lofty valuation."

"This Big Retailer Could Kill Your Subscription Startup" (Fortune)
"Venture capitalists are taking note and investing in this space: Birchbox has received $70 million and Blue Apron has received $135 million — giving it a $2 billion valuation."

"Ruth and Tom Chapman on Turning Matches into a Multimillion-Pound Empire from One Tiny Shop" (The Telegraph)
"The company stocks 450 high-fashion names, adds 700 new products to its inventory every week (Mondays, Wednesdays and Fridays are delivery days) and which last year sold £130 million worth of clothes, bags and shoes. That figure is set to rise dramatically."

"Retailers Tap into Social Mobility" (The Financial Times)
"The battle of the 'buy' buttons is in full swing. With just seven days to go until Christmas, this year is shaping up to be the first festive season that social shopping has taken off — as some of the world's biggest brands try to hook the connected customer."

"Hit Or Miss, A Tinder-Like Curated Fashion Shopping App, Looks To Keep Shopping Simple" (TechCrunch)
"Amber Reyngoudt and Dave Peck want to figure out how to perfect the mobile shopping experience — and they thinks it's flipping through fewer products, not more."

"Who's Winning the 3D-Printed Shoe Race?" (Fortune)
"New Balance, Nike, and Adidas are all trying to 3D print the next great running shoe."

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