Innovation, Gilt and Ireland - 11/2011

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Innovation, Gilt and Ireland - Dublin Chamber of Commerce - Smart

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Introducing Gilt.com!

FIDELMA HEALY, !CHIEF OPERATING OFFICER GILT IRELAND!

25th October 2011

Dublin Chamber of Commerce Smart Series Event - Innovation

From Fashion to Lifestyle Brand

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Our Businesses!

Gilt City!Local services and experiences!

*Gilt!Designer ready to wear!Contemporary ready to wear !Designer footwear & accessories!Contemporary footwear & accessories !Jewelry!Beauty !Services !

*Gilt Man!Designer ready to wear!Contemporary ready to wear !Designer footwear & accessories!Contemporary footwear & accessories !Sports gear !Gadgets !Services !

*Gilt Home!Bedding and bath!Home decor!Dining and tabletop!Home office!Rugs!Electronics !Pet !Furniture !Lighting !Outdoor !

Jetsetter!Travel experiences!

Gilt Japan!Designer ready to wear!Contemporary ready to wear !Designer footwear & accessories!Contemporary footwear & accessories!Electronics & Appliances ! *Gilt Children!

Infant and kids apparel!Gear and accessories !Toys and games !Bedding !Furnishings and decor !Maternity !

Gilt Noir!Private Site for top members!Designer ready to wear!Exclusive Experiences!Early preview of events!Personalized service!

Gilt Groupe At-A-Glance!MEMBERS

5 Million+!

DAILY UNIQUE VISITORS

400,000!

PICTURES / DAY

3,000!

MONTHLY SHOPPERS

1 Million!

PACKAGES SHIPPED PER DAY

10,000!

FASTEST SELL OUT

0.25 sec.!

BRANDS

6,000+!

DIRECT CONTACTS PER WEEK

12,000!

MOST EXPENSIVE ITEM

$25,000!5  

Gilt’s Offering!

Three pillars to delivering this experience:!• Coveted clothing, accessories, home goods, services and travel!• Simple, fast and fun site experience • Personalized shopping

The most aspirational shopping experience for a stylish life

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Clothing, Accessories and Home Decor!

• Clothing from $25 to over $10,000 per item

• Accessories from $25 to $50,000

• We have also offered hard to find items with a vintage Rolex sale, vintage guitars and vintage cars.

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Reliable and Convenient Addictive and Fun

Traditional E-Commerce

Everything Curated

Start on Google Go Direct

Text-Driven Browsing Visual Browsing

Buy Traffic on Google Viral and Repeat

Search Discovery

Have to… Want to…

Low Loyalty Raving Fans

Same Product Every Day New Every Day

Product-Driven Stores Lifestyle-Drive Stores

GILT

The GILT Experience!

Personalized Shopping!

Using data from browsing, shopping and appends, Gilt offers a member a personalized experience tailored to the current and changing shopping behavior.

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The iPhone, iPod Touch, iPad Opportunity

•  Gilt members were asking for a way to shop while mobile •  Roughly 17% of weekday revenue and 30% of weekend revenue is coming from mobile users. •  iPhone app downloads are at 1.5 million and iPad app downloads are at 727,000.  Android app downloads are at 136,000.

Seeing strong mobile purchases in all categories. Purchases made on the Gilt apps include:

•  A $15,000 necklace •  A $3,500 Kyle Bunting rug •  Most popular purchases are handbags,

dresses, underwear, sneakers, suits and jeans

•  Two All New 2011 Jettas at $5,995 each

Source: Asymco's Horace Dediu, estimated from Apple (AAPL) company reports

The Gilt on the Go Apps!

Innovation, Gilt and Ireland !

ROLAND TRITSCH!VP ENGINERINGGILT IRELAND!

25th October 2011

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The Road …!

• … to Sally Gap

• … to become innovative

• … to become Steve Jobs

• … to invent the Sony Walkman

• … and THEN the iPod

• … to the moment of brilliance

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Evolution …!

• … is similar to innovation

• … is based on the balance of mutation and selection

• Innovation is also “bipolar”

• Ideas and Inventions

• … can help you to find a way to select the “fittest” ideas

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Diversity …!

• … is at the core of Innovation

• … leads to Productive Friction

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Ireland …!

• … has a very diverse population of software engineers

• … has a good tolerance/culture for thinking different

• … can become an Innovation Hub in Europe

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THANK YOU!