Companies / Verishop, a new online store backed by two industry veterans, launches

#81
Rank in U.S.
Performance Score:
63 out of 100

When Canada-based department store chain Hudson’s Bay Co. acquired Gilt Groupe Inc. in 2016, the flash-sale fashion retailer was struggling, Hudson’s Bay executives acknowledged in the company’s Q1 2016 earnings call in June. Still, Hudson’s Bay is benefiting from Gilt’s e-commerce expertise, and Gilt developers already are tasked with building out a mobile app for Hudson’s Bay. “One of the biggest benefits to the acquisition was their terrific development team,” CEO Gerald Storch said. “We’ve begun to utilize them quite heavily for other banners with their skill in personalization and mobile technology, so they’re leading the way in improving the personalization, for example, on the Saks Fifth Avenue website.”

Headquarters

8925 Torbram Road, Brampton ON L6T 4G1

Parent Company

Hudson's Bay Co.

Merchant Type

Retail Chain

Merchandise Category

Apparel/Accessories

Website

TheBay.com
Year Launched: 2000

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