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Gilt Groupe President Andy Page on how consumers can get great Black Friday deals on luxury products with their smart phone or tablet.
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Holiday deals for top luxury brands who doesn't like fat.
Well don't stand in line because now there's an app for that according to a recent survey nearly half of all Americans will spend money on their Smartphones this year.
About 86 billion dollars in all joining me now -- page president of the gilt Groupe.
One of the companies promoting Smartphone only exclusives this holiday season so he had spent three days this week talking about nothing about.
Bricks and mortar and what's gonna happen on Black Friday that you've got a way around this with your web -- -- -- going to be doing.
No group has an answer to.
The bricks and mortar retail -- which is to have tremendous Blockbuster.
Store opening opportunities for our customers through mobile devices.
So you're gonna be sending these deals were straight to Smart -- so I can be standing on line.
And -- in the department store somewhere and be getting that on myself while I'm waiting to be run rate.
-- -- -- whether it's Smartphones or tablets we anticipate that our customers will be.
Going out in competing for that great deal and also looking at our -- in realizing there's tremendous amount of opportunity.
Depth and breadth of product experiences.
All on the there -- well our mobile device and -- for them and and mythic.
It's really interesting because I know a lot of the retailers are expecting a very big year this year and their opening earlier than ever before I think -- -- -- that target.
It's gonna be open at midnight on Thanksgiving it's very controversy a lot of workers don't wanna do that but up real high expectations.
Do you think they're gonna be -- Two years ago we had no.
Virtually no mobile revenue.
And this year we expect to be over 20% some days much higher profits and material portion of our business it delights our customers to -- have that kind of shopping experience and the convenience.
And this cyber Friday.
Black Friday we expect to be bigger than ever.
So we're showing some of the things you get on line here right now.
-- 140 million people have Smartphones sales are 86 billion dollars they're bad.
Quadrupling tripling across the country.
Do you -- retailers though -- -- offering their only web only deal.
So retailers through their core competency hasn't traditionally -- e-commerce were mobile devices -- they're gonna have compelling offerings and they're going to be people that wanna.
Brave out into the world and and incident wait in the lines in the crowds to experience -- and then that the same time we expected they're going to be.
Surfing online and experiencing just fantastic deals whether it's significant off -- -- deals will be between 65 and 85% offer door busters.
And we also will have experiences then we'll have permanent collections and -- -- of products.
Let what I think is interesting appears mostly -- -- -- Men's and women's lots of choices but not electronics it's not like Amazon it's very selective lot of high -- names that people will be happy to see.
But at the end of the day can you compete effectively with the department store where I can actually go and touch the clothes and and see how well its may because we -- we are after all talking about a pretty expensive piece of clothing.
Two answers a question first is as results mobile technology were able to.
Halve the real look and feel the product that's right there in front of -- we can point your iPhone for example toward a color and we'll pull up products of that same color.
You've taken iPad and look at our travel site and actually -- night at around and see the hotel room for multiple angles so there is a tremendous opportunities to see -- second.
We offer curator experience and aspiration experiencing curator what that means is we know what you like we -- going to the museum right -- -- carried -- wouldn't that mean it means tailored her personalized and so.
What it means is we know where you have shopped before and our -- we know what you purchase we know if you like and as result when you come torn environment too are one of our many stores we give you that experience that feels as though you walk into an -- bricks and mortar environment retail environment and somebody is already laid out the things you like.
What does your experience of running your company -- tell you about the broader economy right now.
For a company like -- that it offers every day value and remember every day people line up like.
Black Friday around that are around the block a hundred -- 50000 people line up at noon to take experience -- sales.
And so they're looking for value in this economy a company such as -- really is counter cyclical which means.
People are more cost conscious they're more value conscious and so they're looking for operational -- -- and curator product at a great price.
And and you believe they find it on your website we -- they find that there are right there's two to three million people that have downloaded the -- so far we have a tremendous amount over 300000 people that are shopping.
On mobile on a regular basis so there there and we really import -- certain.
Well you know I got my husband's one of them because he is a gilt aficionado.
Any thanks for coming in tonight they have to do -- -- for having me with.
