Gilt: Hudson's Bay Sells Gilt Groupe, Will Close Lord & Taylor Flagship Store
Hudson's Bay Co. is selling off Gilt Groupe, a flash sales website it bought two years ago, and will close its flagship Lord & Taylor store as the company struggles with changes in how people shop for clothes.
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Gilt is a New York-based clothing company that manufactures and supplies products such as shirts, pants and jackets for men, women and kids.
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