Profitero: Report: Hudson's Bay trying to buy Gilt Groupe for a fraction of its old value

By Daphne Howland

This development is a sign both of the decline of the flash sales model and the need for department stores to find new ways to appeal to shoppers. In fact, we may see more retailers like department stores next year move to acquire pure-play retail enterprises like flash-sale sites, Keith Anderson, VP of strategy & insights at Profitero, told Retail Dive this week.

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