Since the last year, the online private shopping club boom has made an impact in the US – to the extent that three of the top American shopping clubs are targeting revenues of over $100 million:
- According to the Economist, RueLaLa is aiming for $130 million worth of turnover in 2009, after pulling $30 million during May to December 2008.
- Gilt Groupe wants to grow from $25 million (2008) to $150 million, and then in 2010 achieve at least $400 million.
- Reports on Hautelook are divergent. While one expects 2009 revenues to hit $240 million (up from $60 million in 2008), others have much more humble claims.
Somewhat behind in the game is Ideeli, who, after scooping up $10 million worth of business in 2008, have targeted for 2009 over $50 million.
To compare against Europe: The French Vente-Privee should be able to raise their revenues this year to the 700 million euro mark. German Brands4Friends and BuyVIP target 85 million euro and 70 million euro respectively.
The market for shopping clubs will be highlighted by Exciting Commerce at the Live Shopping Days 2010 conference (in German). In attendance will be, amongst others, Brands4Friends as well as the Russian KupiVIP.
Related posts:
- The Shop Exchange: $40 Million for US Shopping Club Gilt Groupe
- Onestop Internet Nabs $13 Million for Billion Dollar Babes (Club)
- Gilt Groupe Shopping Club Expects Sales of $25 Million
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.
