Word: houres
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...November 13, 2007, Wilson and Maybank founded Gilt Groupe, a Web site that offers invitation-only access to men’s, women’s, and children’s luxury brands. The catch? These items are only available during a 36-hour time period, where members must click and purchase before the goods run out. Daily sales, featuring items from designers like Burberry, Alexander McQueen, and Oscar de la Renta, start at noon...
...Sometimes it can be a little nerve-wracking,” she adds.“It’s very hard,” says Jonathan R. Meminger ’12, a sophomore who shops with Gilt. “If you’re an hour late, all the hot items are gone...
Gilt Groupe’s appeal, in the Harvard community and beyond, seems inextricably linked to the Web site’s 36-hour shopping window. It was this, the idea of a time crunch, that allowed Wilson and Maybank to assess a growing industry, and carve out a niche in a popular market. That model has been expanded to other Gilt Groupe projects, like Gilt Fuse, the Web site’s younger, hipper sister. But enough economics, it’s time for a history lesson...
...Since I’ve come to Harvard,] I’ve cut down from saying ‘eh’ every other sentence to maybe twice an hour,” said Rylie X. Zhang ’13 of Toronto...
...prospect of consolidation has some librarians and humanities professors concerned about the future of the libraries, which have already suffered from layoffs, buyouts, and hour reductions...