Rue Gilt Groupe

Rue Gilt Groupe

Off-price e-commerce for luxury brands

About Rue Gilt Groupe

Simplify's Rating
Why Rue Gilt Groupe is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Consumer Software

Consumer Goods

Company Size

501-1,000

Company Stage

Growth Equity (Venture Capital)

Total Funding

$280M

Headquarters

Boston, Massachusetts

Founded

2007

Overview

Rue Gilt Groupe connects premium and luxury brands with shoppers looking for high-quality items at lower prices. It operates mainly through two platforms, Rue La La and Gilt, which offer discounts of up to 70% on over 5,000 high-end brands. The company sells excess inventory from these brands, allowing them to clear unsold stock while providing consumers access to premium products at reduced prices. Rue Gilt Groupe differentiates itself by creating a sense of urgency with exclusive deals and limited-time sales events, appealing to fashion-conscious consumers. Its goal is to provide a unique shopping experience that fosters customer loyalty and drives repeat business.

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Simplify's Take

What believers are saying

  • Growing demand for sustainable fashion boosts Rue Gilt Groupe's appeal.
  • 'Shoppertainment' trend enhances Rue Gilt Groupe's interactive shopping experience.
  • Mobile commerce growth supports Rue Gilt Groupe's platform optimization efforts.

What critics are saying

  • Increased competition from new entrants like Shop Premium Outlets.
  • Recent executive departures may impact strategic initiatives and efficiency.
  • IPO filing could lead to pressure for short-term financial performance.

What makes Rue Gilt Groupe unique

  • Rue Gilt Groupe offers discounts up to 70% on luxury brands.
  • The company combines Rue La La and Gilt for a unique shopping experience.
  • It leverages strong brand relationships for exclusive deals and limited-time sales.

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Funding

Total Funding

$280M

Above

Industry Average

Funded Over

1 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

25% off Rue La La & Gilt

Volunteer opportunities

Office celebrations

Flexible time off

Fitness discounts

Summer Fridays

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 3%
Fashion Network
Jan 9th, 2025
Genesco names new human resources chief

Polischuk joins Genesco from Rue Gilt Group, an off-price e-commerce portfolio company, where she was responsible for the company's people and talent strategy and its connection to business goals.

Retail Dive
Sep 24th, 2024
Qurate names Bloomingdale's veteran as chief merchandising officer for HSN

Bucaro joins HSN from Rue Gilt Groupe, where she most recently served as executive vice president of merchandising.

Retail TouchPoints
Mar 12th, 2024
Shop Premium Outlets Debuts Retail Media Network

Shop Premium Outlets (SPO) - the online marketplace from mall operator Simon Property Group and Rue Gilt Groupe - has launched a retail media network powered by Mirakl Ads, a new retail media offering from marketplace solution Mirakl (on which SPO is built).

Seeking Alpha
Nov 18th, 2021
Rue Gilt Groupe goes public

Rue Gilt Groupe has filed to raise $100 million in an IPO, although the final amount may be higher.

Retail TouchPoints
Nov 17th, 2021
Rue Gilt Groupe launched ShopPremiumOutlets.com on Jan 1st 19'.

In 2019, Rue Gilt Group partnered with Simon Property Group to launch an online marketplace, ShopPremiumOutlets.com, which features selections from brands such as Saks OFF 5TH, Karl Lagerfeld Paris and Aéropostale.

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