Gilt Groupe’s Kevin Ryan Dishes on the Site’s Success

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In this issue, the luxury e-commerce site’s founder and CEO discusses what Gilt Groupe is about, how the company has expanded, and its worldwide success.

“We have several million people who have signed up already to be Gilt members,” Ryan said. “At 12 p.m. every day, there [are] 100,000 to 150,000 people who wait for the clock to turn to 12 p.m. EST so they can start shopping on our site. You can think of that as the biggest football stadiums you’ve ever seen and they’re all waiting to enter at one time, far more people than would enter a Saks or other store.”

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