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Found this on Business Week. Clever way to dump high end stock if you can pull it off.
"Saddled with unsold merchandise amid the recession, makers of luxury goods are selling their wares through members-only shopping sites.... ...Saddled with overstock from the retail recession, makers of luxury apparel, home furnishings, and other high-end goods are selling their wares at reduced prices through Gilt Groupe and other private shopping sites. Many of these companies help fuel pent-up demand by limiting membership, forcing would-be clients to park on a waiting list or be referred by existing members." Full article: Psst! Private-Sale Shopping Sites Are Hot - BusinessWeek
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Good idea, but shows poor business acumen not to judge market conditions when ordering too much stock in the first place!
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