 | |
| Online Retail | |
| Industry | E-commerce [2] |
| Founded | 2006 |
| Headquarters | , |
Key people | Lisa Kennedy [3] Saurabh Sharma Alain Demour Simon Black Sarah Liebel Cecelia Myers |
| Products | Apparel & Home |
| Parent | Groupon |
| Website | www.groupon.com/occasion/ideel |
Ideel, formerly ideeli, [3] is a flash sale based online retailer based in New York City. [4] [5]
Founded in 2006, its $77M in revenue in 2010 led Inc. to rank it as the fastest growing company in the United States for 2011. [6] In August 2012, Ideeli moved from Soho to the 45th floor of the New York Times Building. [7] It has raised $70M in venture capital funding. [8]
Ideel's business model is based on acquiring excess or sample merchandise and selling it quickly at very steep discounts to their members. Sales typically last less than 48 hours. [9] In 2014 they rebranded themselves as a source for affordable designer clothing.
In January 2014, Groupon bought Ideel for $43 million. [10] At some point the name became ideel, dropping the final 'i'.
Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. It was originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music. In 1983, it was re-branded under its current name with an emphasis placed on consumer electronics.
Loehmann's is an American retail company which started as a single store in Brooklyn, New York and grew to a chain of off-price department stores in the United States. The chain was best known for its "Back Room", where women interested in fashion could find designer clothes at prices lower than in department stores. While the largest portion of its client base was historically women, the chain also offered shoes, accessories, and men's clothing.
Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers would make the purchase. Origins of group buying can be traced to China, where it is known as Tuán Gòu, or team buying.
Deal-of-the-day is an ecommerce business model in which a website offers a single product for sale for a period of 24 to 36 hours. Potential customers register as members of the deal-a-day websites and receive online offers and invitations by email or social networks.
Eric Paul Lefkofsky is an American billionaire businessman. He is the founder of Tempus, and the co-founder of Groupon, Echo Global Logistics (ECHO), InnerWorkings (INWK), and Mediaocean. He is an early-investor in Uptake, and the managing director of Chicago-based venture capital firm, Lightbank.
Online Stores, Inc. is an e-commerce company based in New Stanton, Pennsylvania, specializing in retail niche markets that has been in operation since 2001. Its best-selling products are American flags. The privately owned company employs approximately 60 people and includes six stores: United States Flag Store, English Tea Store, Discount Safety Gear Store, Safety Girl Store, ToySplash, Construction Gear Store.
Penske Media Corporation (PMC) is an American digital media, publishing, and information services company based in Los Angeles and New York City. It publishes more than 20 digital and print brands, including Variety, Rolling Stone, WWD, Deadline Hollywood, BGR, and others. PMC's Chairman and CEO since founding is Jay Penske.
Groupon is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 15 countries. Based in Chicago, Groupon was launched there in November 2008, launching soon after in Boston, New York City and Toronto. By October 2010, Groupon was available in 150 cities in North America and 100 cities in Europe, Asia and South America, and had 35 million registered users. By the end of March 2015, Groupon served more than 500 cities worldwide, nearly 48.1 million active customers and featured more than 425,000 active deals globally in 48 countries.
Gilt is an online shopping and lifestyle website based in the United States, launched in 2007 At one time valued at over $1 billion on paper, the company was eventually sold to Hudson's Bay Company for approximately $250 million, far lower than the total obtained from its investors. Prior to the Hudson’s Bay acquisition, sales were exceeding growth projections but the firm had not been profitable yet. On June 4, 2018, Boston, Massachusetts-based Rue La La acquired Gilt from HBC.
Fab is an e-commerce company founded in 2010. Once estimated at a worth of over $1 billion, in March 2015, the digital and ecommerce assets of Fab were acquired by PCH International for an undisclosed sum and has since been relaunched as a new entity with no interaction from the original founders.
Andrew D. Mason is an American businessman and entrepreneur. He is the founder and former CEO of Groupon, a Chicago-based website offering users discounts on local businesses and scholarships. He is also the founder and CEO of Descript, an audio editing tool for podcasters.
HauteLook is a member-only shopping website offering flash-sales and limited-time sale events featuring women's and men's fashion, jewelry and accessories, beauty products, kid's clothing and toys, and home décor. HauteLook offers discounts of 50 to 75 percent off retail prices with new sale events every morning. Launched in 2007, HauteLook is owned and operated by Nordstrom.
Michael G. Rubin is an American businessman. He is the chief executive officer of Kynetic, a direct-to-consumer e-commerce company he founded in 2011. He is also executive chairman at each of Kynetic's three businesses: Fanatics, the world's leading online seller of licensed sports merchandise; Rue La La, a flash sales site; and ShopRunner, a members-only service for online shoppers. He previously founded GSI Commerce in 1998, selling it to eBay in 2011 for $2.4 billion.
Vi is an American multilevel marketing (MLM) company based in Los Angeles, California, with offices in Downtown Detroit, Michigan.· The company is mostly known for the Body by Vi 90-Day Challenge platform. The company markets weight management nutritional products, dietary supplements and energy drinks in the United States, Canada, Italy and United Kingdom. Weight management products, including Vi-Shape meal replacement shake and Vi-Trim Clear Control Drink Mix, form the bulk of the company's sales.
Lot18 curates, markets and retails fine wine online. Lot18 has offices in New York, New York and Napa, California. Lot18 sells wines from around the globe. Lot18 also creates custom wines and brands, including Axiom, Mythmaker, Finial, Q8, Amukan, Loophole, and Neptune's Trident, among others.
Rajen Ruparell is a Canadian entrepreneur, investor, board director and philanthropist. He is best known as the Founder of Endy and as Co-Founder of Groupon International via acquisition of his company Citydeal.
Christopher Muhr is a German entrepreneur best known for co-founding Citydeal, an online discount deal company purchased by Groupon in 2010. As of 2012, he serves as senior vice president for Europe, Middle East and Africa (EMEA) for Groupon and is an active investor and advisor in ventures in North America and Europe.
PureWow is an American digital media company that publishes women's lifestyle content. Acquired by serial entrepreneur Gary Vaynerchuk in 2017 as part of The Gallery, PureWow tailors lifestyle topics for Millennials and Generation X, including fashion, beauty, home decor, recipes, entertainment, travel, technology, literature, and money.
Eli Ostreicher is a British American serial entrepreneur based in New York City. He is the founder of Regal Wings, a B2B luxury air service provider and Inc. 500 #1 Awardee. in the United States. He also founded and runs various online and brick & mortar companies, including Regal Card, Jedding, Harei At, Regal Jets, Luxury Wholesale Flights, Regal Card, One Bag Tag, VVandr, SHARGE and ThermBot.
RunwaySale is a web-based company that sells designer brands at discount prices by hosting flash events. It has grown to be South Africa's largest members-only private online shopping club.
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