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The 'Times' figured out that you can buy the same merchandise on other sites for less money. Egads!
Since they're running out of clothes to discount.
The concept is similar to Net-a-Porter's sale site, the Outnet.
He also has no idea how much the company makes.
The first sale features Alisha Levine for 80 percent off.
See those and more deals in our Save Fashion slideshow.
A scarf Gilt said retailed for $300 actually retails for $195 at Neiman Marcus.
The madness began this morning at 8.
From Alberta Ferretti, Miu Miu, Fendi, and more.
The sales start today and last until July 21.
They're pouring millions into them. But will their popularity last?
The store will open for four days starting on June 18.
Their lease is up and they're offering up to 90 percent off Rick Owens, Vivienne Westwood, and more.
But they might crack and mark things down like crazy, anyway.