Nordstrom announced it will buy HauteLook, a flash sale site, for $180 million in stock plus an additional three-year earnout of up to $90 million depending on performance. Flash sale sites, sometimes called private sales or online sample sales, offer huge discounts -- up to 75% -- on item... Read more...
A peek inside stores' shopping data highlights regional preferences for certain colors and brands; Victoria's real secret. Luxury-spending data can tell us a lot about the state of the nation -- and our own neighborhoods. Take Detroit -- not the city where one might expect to see the stronge... Read more...