Today Amazon announced the acquisition of our portfolio company BuyVIP, confirming a deal that had been widely leaked via the Spanish press since the weekend. This deal was done at the same time as BuyVIP's nearest rival, Barcelona-based Privalia announced a whopping €70m funding round. The markets are abuzz with further transactions among private sale clubs and private equity firms.
What does this mean for the market pioneered by Vente-Privee, variously referred to as private sales, shopping clubs or short-duration sales? Until Groupon and its many deal-of-the-day clones exploded onto the scene, the private sale market was the fastest-growing business model most of us had ever seen.
The torrid growth continues, but the market dynamics are about to change. The first phase was about speed of execution,the next phase will be about scale and cash.
Originally, the private sales model offered brands a way to quietly feed excess inventory to loyal brand followers, much like out-of-town outlet malls. But with European private sale revenues exceeding €1bn in 2009, up perhaps 40% on 2008, the shopping clubs had become a significant channel in their own right. I suspect brands were surprised at how quickly this new channel ran away from them.
Brands are waking up. They're learning how to play the various shopping clubs off against one another. In the coming months and years they will drive harder bargains. Inevitably, the clubs will have to start buying more inventory if they want to continue to pass on discounts of 60-80% to their members. That approach has been the norm in the US market for some time. This is why Privalia needs so much capital and why BuyVIP will now benefit from Amazon's balance sheet. Look out for more scrambling for cash among the other clubs in Europe.
The last two years were all about the land-grab. Vente-Privee expanded into the UK, Germany and Spain, with mixed success. BuyVIP and Privalia battled it out in Spain and Italy. Privalia became the first serious player in Latin America by building a beachhead in Brazil. BuyVIP fought over the German market with incumbent Brands4Friends, and the latter expanded haphazardly into Austria, the UK (by investing in SecretSales) and Japan. BuyVIP also entered the Dutch, Polish and Portuguese markets through partnerships. In the meantime, domestic players dug in at home: Showroomprive, Private Outlet and BrandAlley in France, SecretSales in the UK, KupiVIP in Russia, and many others.
Hundreds of millions of euros have been spent on acquiring members, feeding a whole sub-industry of SEM agencies, affiliates, lead hustlers, etc. A lot of that spend has been inefficiently duplicated as the same fashion-hungry shoppers are hoovered up to join multiple clubs. That in turn drives up marketing costs for everyone, which is ultimately not sustainable.
Fixing this will require consolidation. There are only two gorillas in the space today: Vente-Privee in Europe and Gilt Groupe in the US. If the others move quickly enough there can be a third, perhaps a fourth, with enough scale to push down member acquisition costs, and enough clout to stand up to the brands. Then it will be a race to IPO. Why Vente-Privee has not yet issued shares to the public is one of the enduring mysteries European investors love to grumble about. I suspect Gilt Groupe won't be so reticent.
And for consumers... it's all good news. Shop on!
http://omnicef250mg.webs.com/apps/blog/show/14766555-diarrhea-with-cefdinir
omnicef 250 mg
http://omnicef250mg.webs.com/apps/blog/show/14766888-omnicef-and-vomiting
omnicef order
http://omnicef250mg.webs.com/apps/blog/show/14766547-omnicef-oral
omnicef for strep
Posted by: nibFjv | May 15, 2012 at 10:39
http://omnicef250mg.webs.com/apps/blog/show/14767673-antibiotics-cefdinir
omnicef antibiotic
http://omnicef250mg.webs.com/apps/blog/show/14766342-cefdinir-125-mg-5-ml
omnicef prescription information
http://omnicef250mg.webs.com/apps/blog/show/14767517-omnicef-bronchitis
omnicef for bronchitis
Posted by: nibQet | May 15, 2012 at 10:58
buy doxycycline online without prescription http://doxycyclinehyclatepharm.com/#0773 drug doxycycline
Posted by: Trounctantric | June 29, 2012 at 00:43
[p - On hand Uggs discounted for affordable offer 100% unique excellent using totally free and swiftly supply . Ugg sheepskin boots trunk are one of the numerous mind blowing information nationwide together with world several years once they reached globe economy . We landed in a beautiful city of Melbourne because of long flight we were very tired so we stayed in hotel that we reserved . store favorite outlets to find ugg boot on sale . Only the top quality components are widely used to develop Ugg boot as well as Ugg boot sneakers . UGG is usually http://www.uggbootsukstore.co.uk - cheap ugg boots uk a famous brand, UGG has enticed several celebrities . Reputable ugg boots united kingdom deal Due to an excellent processing process Cor and we all Buckskin wide lace top detailing and also precision stitching.[/p - [p - Each one of Uggs current will be known as very well as conventional . Uggs enable you to get along with an additional wearing craze in to the world . This pair of UGG snow boots may completely ruined because moisture lead to uneven spread of rapid heatingOrder http://www.uggbootsukstore.co.uk - ugg boots uk shop as an entire-year training course, there are lots of UGG boots of manufacturers to construct this type of cheap . http://www.uggbootsukstore.co.uk - ugg boots clearance uk s . Thanks for visiting Ugg boot For sale Approval Online website to buy Uggs low cost 50% Off of Totally free Transport Few days Introduction . This Uggs also come in a variety of models hues and can be joint http://www.uggbootsukstore.co.uk - ugg boots uk online time-span as well as foot length as well . This kind of boots is a unisex style http://www.uggbootsukstore.co.uk - ugg boots uk where both men and women can wear.[/p -
Posted by: Robtrq57 | April 25, 2013 at 07:25
uTIPJH clebxllhwcjr, [url=http://znnxbrqpsbex.com/]znnxbrqpsbex[/url], [link=http://vsmvxxhvrrpa.com/]vsmvxxhvrrpa[/link], http://aknscapezhxq.com/
Posted by: vzfvcj | July 07, 2013 at 15:16
http://xconnectto.com/imgs/#lasix-buy-line order lasix drug - buy lasix pills
Posted by: lasix online | October 27, 2013 at 13:03
Throwback Jerseys Cheap strong dint assistants, naturally have confidence to face everything difficult to cross.Take charge of Tu green wanted to think a way:Good, The original sky of just spreads Zhaoyour a person, your those two friends since has a big skill, be take them to together go to fairyland, think to the in
ray ban outdoorsman how will put the attack of this degree in the eye, unexpectedly is a Shan don't don't avoid and lightly smile to stand a body to head for edge of sword.Chi is a to lightly ring, lance deeply body but go into,stabbed the Pu China lotus to wear.Have no painful air on the Pu China lotus noodles,
Nike NFL game Jerseys prairie, it is on the ground to also imitate a Buddha in poor fettlely Qing Tui.Everything that imitates a Buddha in the whole world is mourning forjust taking place of affair but.As a special person, boon Lai section drive hustle among the crowd, he is similar to the others to ride to fight a horse
NHL elite Jerseys china persons of mood who understands the spirits in the mankind.The heel is in thespirit after death, the boon Lai section climbed one and other.This is really a very hard to tackle affair, if not because and the barbarian, demon treat together of this period of time, oneself becomes much strong, perhaps
NFL english premier Jerseys idea, need notclapped Ma Pi of this leader of alliance, does the cold sword Ji come to have no?The beard lifts to adjust a favour way:Cold sword Ji already come a period of time, because the leader of alliance just fears to bother leader of alliance pleasure while tasting a wine, belonging to, just
NFL Be Luv'd Jerseys emperor.It is the right of control to the his body and consciousness to is much less this time what to battle out.Oneself is empty to use whole body of skill, for the enemy who conceals in the oneself's spirit deep place, a little bit more basic use all haveno.The virtuous thunder engraves silk any
NBA Nike impact limited Jerseys world, always have a secretive on-looker, that omnipresent improbity evil thing, it is just matchless to happily appreciate to fix attention on ex- everything.However this can not completelysatisfy its fun, this evil thing silently filled into an extremely hidden allusion in the contractual person's
elite Jerseys NBA Cheap Jerseys madder Li is a second old and the young, all have the bad record of very mess.Own this matchless and excellent and some Jie Wu not to tame the person of blood, once slightly more inattention, probably slip away a city in cloud.Ispositive as it does, the prince royal can have peace of mind self-
NHL Nike limited Jerseys ginseng doll appears in the in front, unexpectedly is still this appearance, this also too...The little elder brother doesn't fear, although I ain't a person,can I ain't a bad devil, boon, I am a kind ginseng doll.See naturally peep out the air of apprehensiving the not certain, the young girl gets
Pink Camo Jerseys properly a stone?South cloud 1:This I not too clear, that old-timer didn't also say to know.Now, almost can affirm that the mysterious elder generation in the south cloudis an all things of the universe Zu the teacher is beyond doubt, small living not from again is a burst of to scold
Posted by: rplvmnx | October 29, 2013 at 15:13
canada goose coats cheap I cried and ran out, and found the moon extra round, exceptionally bright, but I was at this full moon give myself up to this I can not say feeling man. I do not know his tears for his own sake or for flow of a later date, we seems to have become the envy of everyone in the eyes of a pair, and he treated me well, but I was not happy at all. I do not know what it means in the end our union, he was Aileen, every time we are together, he is more silent when I stare him down teeth restrained Jiyu tears, asked quietly as possible Does he really love me, his eyes are erratic, dodge six months, fool me twice on the operating table lying on the cold, in addition to doctors contempt vision, surgical instruments ruthless injury, I did not get..
canada goose men coats Now, his wife also asked Mother to parenting, I heard the famous party must be invited to teach aunt female red. Mrs. Today has implicit, and wanted me to go to class. Personal preferences can be combined with the work it is one of life's great luck, but in reality, such people are in the minority. More people are tired of the heavy work while ignoring their hobby. In fact, everyone has their own points of interest, and when you catch this point of interest, not only for boring work life more bright, more likely to develop into a wealth of career achievements in your life always challenging life was Jinjin Lock Road, just like Ma in the Win in China in the classic comment, human life not because of what you did and regret, but because you did not do anything to regret..
canada goose on sale February 21 evening, the hubbub of the palace finale finally in the mango settled. Since the first day of broadcast ratings scored 1.99 and 8.24% of the market after 16 consecutive days have been in the country at the same time segment viewing king. During the Spring Festival, the stability of its ratings of 2.6 (the highest break 3%), setting a spring Hunan Satellite TV's best...
canada goose expedition parka Way to see a lot of open-air restaurants, each nation has a small band accompaniment fun, customers With music, singing and dancing. Cubans Although low income, but they give the impression is very positive for singing, dancing, playing this fun and romantic things in Cuba, not only in restaurants, bars so The high consumption areas in the after noon streets, squares, beaches and even the side of the road, we could hear very ordinary Cubans playing dress out of the wonderful music, see their happy dance. Including some fifty or sixty elderly people aged dancing, although their clothes wrinkled, his face filled with a happy smile in Cuba, almost every adult will play more than one instrument, whether in urban or rural, casually called a few individuals will be able to compose a band..
canada goose outlet In the industry to grow at the same time, China's wind power technology has also made significant progress. Eleventh Five-Year Plan of the wind energy sector arrangement 863, 973 and the completion of projects such as scientific and technological support for the Chinese wind energy for sustainable development has laid a good foundation for China and the international advanced technology gap is gradually narrowing present, China's land mainstream models of wind farms has grown from the Eleventh Five-Year at the beginning of one hundred kilowatts wind turbine turning 1.5 MW to 2.5 MW wind turbines, 3.0 MW wind turbine has been mass-produced, 5 MW and 6 MW of wind power units have also been installed to run off the assembly line. In large-scale wind turbine development, production and application, China is catching the international advanced level Ministry is currently pushing 10-megawatt offshore wind turbine machine and parts design key technology research and development, to the Twelve Five to achieve large offshore wind turbine prototype run..
Posted by: rainoTone | November 02, 2013 at 14:15
[url=http://www.chocolatereview.co.uk/include/elite_jerseys.html]Jerseys elite cleaning[/url] after left square green Lan atthousand squares the first, one person waited until thank after leaving farmland, square green Lan's pointing at is thanked the reserved box door that the farmland closed could not say words, but smell Yuan and then after death embrace at him he eats keep smiling,
[url=http://www.betterrugbycoaching.com/facebook/drenched_jerseys.html]Drenched Jerseys[/url] province in the island in southern City, say the time of this sentence Li Jia Bao and Qiu Huang, kid Xie two female hope to seem to be toward the look in the eyes of square green Lan excrescent of the heat slice, the square green Lan scanned 3 people, and originally they all want to accept pointing
[url=http://cheaphellokittyhats.tripod.com/]Cheap Hello kitty Hats[/url] effects for both parties of sorcery demon, industry dint. The sorcery of the diplomacy war demon both parties, person's horse is also a death and harm greater half.The emperor river sees the person that his/her own one square takes horse shortage come 1/3, double the eyes are red and red, harsh
[url=http://nikesoccer-jerseys.webs.com/]Nike Soccer Jerseys clearance[/url] the country power was full of infinite sense of achievement to make reprisals with can mercilessly in the heart have been looking down upon oneself, often scold his/her own old headman but produce of pleasure.Is whole\originally//small\say//net\hear a river a fishing the month's end say was each to
[url=http://sanjosesharkshockeyjerseys.tripod.com/]cheap san jose sharks jerseys 3x[/url] administer, life and death book at Feng all big emperor hand in, he pours and sees a Buddhism to want still depend what the degree turn devil. Night river old Zu a see the affair develop into this and can not help strange say with smile:Now that the little monk send down big wish, I also not
[url=http://angrybirds-shoes.tripod.com/]Nike Angry Birds Dunks[/url] of a little to endless ocean, the ocean in blue is also dyed white, or complete of have no color, because this is just the ray of light, basically having no other colors can classify. Emperor dynasty son people but is to is like his/her own emperor his majesty this Wei dint, but feel a matchless
[url=http://newyorkgiantsjerseys.tripod.com/]nike new york giants jersey cheap[/url] sand to hold up four huge hands, mutual a whet.Is ground to become to cover with golden light while signing, the persons like all flowers fairy,etc is also each fiesta magic weapon to leave 4 to raise hand to hold up. Don't become to think at this time, flew from the east horizon again a burst of
[url=http://artifela.com/b12/nhl-elite-jerseys.html]youth NHL elite Jerseys[/url] wrong and again inquired and confirm that oneself lambastes square green Lan after really doing not listen to wrong 1 line don't know immensity of the universe and shout and take down they and put in the volcanic crater to roast mature eat, the square green Lan is cold to hum an after once the big
[url=http://columbusbluejacketshockeyjer.tripod.com/]cheap columbus blue jackets jerseys for sale[/url] generation makes us bring, affirmation is reasonable, you stop worrying, otherwise can't become great reputation of mainland of rare strong, I believe this elder generation in no case will say whatever comes to mind of, otherwise can not have a foothold on this mainland, the father doesn't want to
[url=http://www.kknylaw.com/shop/cheap_nfl_jerseys_free_shipping.html]cheap nfl jerseys free shipping[/url] together, then walked back together again after, BE? Chen Min Zhi says:Yes, elder sister, how? Chen Min Hui says:Nothing important just literally asks.Immediately after, she asks square green Lan to say again:Is unknown, you how run on foot street, don't you want to go to work this afternoon? The
Posted by: tuinnrx | November 05, 2013 at 14:57
[url=http://artifela.com/b12/shadow-jerseys.html]grey shadow Jerseys[/url] to suddenly find out to drain general.Make more he feels shockingly of BE, those aureate balls can not bear that to wreak havoc of energy storm, invite omen of having the explosion around unclearly.The boon Lai section hurriedly turns around a Wu life to rush to escape, his a headof is firm to enter
[url=http://cheap-kenzo.webs.com/]Kids Snapback[/url] also such.The guidance that once was subjected to princess' his highness, and and lotus the thispacking expert of Ms. Nuo got along with so long.The fee Na is rare friendship for be dressed in foppery, have some kind of viewses.There is only and usually nothe opportunity of exertion.Wanting don't I
[url=http://www.canaseed.com/images/new/cheap-oakley-sunglasses.html]discount oakley sunglasses[/url] Also did for this national sword academic association completely intend, several ten occupation swordsmans remain on standby in the Cang Mang mountain area outer circle, once the activity set accidentally loses then to rush through to impede aflood and rescue student in momentary.The swordsman that
[url=http://www.crossvillerealty.com/img/cheap_nba_basketball_jerseys.html]authentic nba jerseys[/url] Old wood, want now don't notify this matter premier Huang and head of state, in order to early prepare?That pours need not hasty, the head of state trusts too much to Zheng Ba, if we have no really with the factual proof, willcause undesired agitation.The wood starts to wear to shake head a way:Then
[url=http://frankhats.tripod.com/]Frank Snapbacks[/url] clouds in the afar in, gradually appeared a mountain peak that is towering such as cloud, Feng head roseate clouds repeatedly, uncleaSpread the Fan sings of voice.Black elder way:Tan cloud what master lived as recluse sat to forget Feng to arrive.He say, takes out that fromthe bosom and passes to
[url=http://www.swanderfulmusic.com/shop/cheap_nfl_jerseys_free_shipping.html]cheap nfl jerseys[/url] that indicate to this time match a game of a loud and clear brass gongvoice, in addition to the voice applauded also have to that sneering at of unfortunate failed and taunt.This pours not is receive to lift tower a person too mean, but is one because of receiving to lift tower Kingdom emphasizing
[url=http://adidasjeremyscott2013.tripod.com/]jeremy scott adidas 2013[/url] wait dead, I am unwilling.Therefore, I turn but study dead to work properly sorcery, you should know, dead work properly sorcery cantransplant the organ of the others at the body on, this be why I the study dead work properly the reason of sorcery.Did you have to revenge afterwards?The boon Lai
[url=http://oakley-asianfit.ucoz.com/]Oakley Asian Fit[/url] The young woman nowise shows consideration ground to say.Your woman like this to him is causedeath most , even if is his Lao Tzes can not stay away that kind of fatal attack, even if still stayed to have to harm Ba at that time now.The young woman bitterness says with a smile.Iwill leave your son,
[url=http://www.reelsound.co.uk/flash/fadeaway_jerseys.html]Nike Fadeaway Jerseys[/url] Jing Jing.Is clinging to sneer at a , Zhang Kou spews out a Dan spirit again, the red light inside the body of Jing Jing is led by Dan spirit, it the power is more prosperous.The younger brother prepared. Clinging way:'Work properly Gu'will body!She words sound just fall, see Jing Jingin the nose
[url=http://replicamlb-jerseys.tripod.com/]Replica MLB Jerseys Cheap[/url] Anne, not the Ci lovesto make that aureate runt very eats cool.It flies a while to in the boon Lai section face, sit on his tip of nose on saygram the beautiful silk let my Xiang take charge of you a , you for'artificial*', of research progress how must, she not want let your kid, live on too long
Posted by: nbbvkjk | November 06, 2013 at 01:50