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I'd hate flash -- giant until group.
Has been making headway in e-commerce since 2007 the company said to have a billion dollar valuation.
-- luxury goods and services to more than seven million members -- what's in store for gilt -- we're pleased to welcome Michelle police so who became CEO of -- group.
Thank the chairman -- -- -- -- -- hear how 100 flash sale web sites.
Out there gilt Groupe has been around for six years he started right as just a sample sale web site you've grown to seven million customers.
But against that backdrop of competition you are profitable but how do you intend to stay that way but.
Flattering to be copied I had his -- to be a leader in the states I think.
His face is exciting for consumers the idea of finding inspiration and in fast and -- and simple and affordable ways that live a better life is is very exciting and it's.
Every they're coming or something near -- finding -- -- -- -- -- pressed its its incessantly important to think about customer experience and how we keep innovating on that front.
But how are you keeping yourself how you keeping -- separate from stories like Groupon which comes to -- Amazon has its own flash sale web site.
He's -- hyper growth companies right now.
But you guys really.
Adjusted quickly when your growth was happening too fast tonight so he's become a little bit about that -- -- fundamentally different thinker fine you know we're in the business of selling physical goods to customers and on every day repeating some new merchandise in front of their eyes and allowing -- says make -- purchases.
I'm you know we're always thinking evacuees.
Expanding that that must staying focused and that core customer experience making sure that it simple fast and fun for customers to con.
To be inspired to find that they wind.
And we recently been expanding in the mobile space it's amazing how customers log on at twelve and pristine north of 30% of our revenue come from mobile devices is really extraordinary so in other words people sitting on a trainer commuting -- not driving but actually -- putting in for those -- and I mean.
-- -- so much traffic in that first hour that you mr.
salesman that you had to expand right so how did you have the money to do that how did you know that was the right investment and where's the next.
Step for expansion is it more acquisitions because I know that guilt has been busy -- not a -- -- -- So we actually think there's just a lot we can do even with the core consumer -- have.
I'm international's one Marion that we definitely consider expanding.
And we started -- to international points of sale for those customers who let us.
You don't model -- the exciting different and fresh every day and our season -- 10% of our sales coming from international.
Destinations which is exciting -- as I mentioned earlier is a big expansion opportunity -- I'm vintage do you start obviously doing some -- -- fine at this justice snap right up by the investment community was chomping at -- bit there's a lot of buzz about a gilt -- IPO what -- your plans so I think we knowing that we can -- -- and probably -- -- -- great public company we have that kind of a profiler.
Growing demands and and and -- consumer base since that's exciting -- business model that works.
I'm I'm not an -- you know for me it's been two and a half months since I've been CEO and we don't have any burning urgency you don't need to raise more money.
So I think that's are likely future but I'm not dress you know the macro pictures interesting right because I have this sluggish economy you have high unemployment.
But the American consumer boy don't ever rule out the good old American spender.
So people are out there opening their wallets but is it correct to think that these conditions just might be ideal for -- -- yes you are offering mostly discount luxury IC at a discounted price -- -- an and it's instinct is our business silent and it works in both cycles so.
-- -- -- -- consumers are spending more -- -- -- what they wanna go that's exciting.
And environment ready -- -- bit sluggish -- -- a bit slower which we've seen in in the past few years of course.
There's more than me there's more supply available -- -- her consumers and they like retail and -- -- bargain.
If this had and they CNN business model you can see if I had -- different economic cycles and feel quite good.
Your representatives told us -- 56000 dollar -- bad.
Sold so you definitely hit all of classes of vendor and version of stuck with us -- so I think you can look at -- I think Hillary.
And -- the back teams.
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