In one of the larger exits so far in the flash sales business, retail chain Nordstrom has acquired flash sales site HauteLookfor $180 million in Nordstrom stock and three-year earn-out of up to $90 million. HauteLook has raised $41 million in funding. Thanks to the immense popularity of members-only, online sample sales, HauteLook has grown to 4 million members since launching in 2007. The site offers massively discounted sale events in women?s fashion, men?s fashion, accessories, kids? clothing and toys, travel and home and beauty. 
Source: http://feedproxy.google.com/~r/Techcrunch/~3/r94LYmJFYj4/
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