Park & Bond Set To Be Shut Down By Gilt Groupe

Park & Bond Set To Be Shut Down By Gilt Groupe
Technology
Like Us On Facebook
Like Us On Facebook

Park & Bond, the curated men’s retail site owned by Gilt Groupe, will soon be closing its digital doors. The company has announced that the spinoff site will be shuttered after the holidays.

Unlike most sites under the Gilt umbrella, which offer limited time sales on premium goods, Park & Bond was a more traditional online retailer, pushing a consistent inventory of regularly priced men’s clothing and accessories.

The site is known for blending in magazine-y editorial content on its homepage as well as for its curated storefronts that offer handpicked selections from tastemakers that have included GQ and Street Etiquette.

In an interview with AllThingsD, Gilt Groupe President Andy Page said the company was looking to consolidate its business divisions. The Park & Bond team will be folded into Gilt Man.

“Customers felt that by having two separate sites to purchase from, it was confusing,” he said. “We are trying to streamline our offerings overall.”

The company is trimming the fat in order to make itself as attractive as possible ahead of a pending initial public offering, expected to take place next year.

Elite. 

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In Technology

Technology Sean Levinson

FBI’s Creepy Facial Recognition System Is Now Ready For The Real World

The FBI announced earlier today that after three years of development, the bureau’s facial recognition system is now “fully operational.” The Next Generation Identification (NGI) system will be employed by over 18,000 law enforcement agencies in the US, locating criminals and suspects based on over eight million mugshots. It will also form new records through […]

Also On Elite

Sports

Indian 100-Meter Champion Has Been Suspended Because She Has ‘Too Much Testosterone’

The story of Indian track starlet Dutee Chand is just another installment in sports’ unfortunate and latest trend: women and acts of injustice coming together. A gold medalist at this year’s Asian Junior Championship, the 18-year-old runner came under the scrutiny by the Sports Authority of India for questions over her gender. According to the standards […]

Life

#BAE: 15 Signs You And Your Best Friend Are Actually The Ultimate Power Couple

The relationship with your bestie is as much about business as it is about mutual love and respect. It’s about achieving your goals through a network of support and encouragement. When you’re in your 20s, you’re obviously trying to build your career and further yourself on a journey to success in all aspects of life. […]

Sports

An Expert Weighs In On Julian Green, US Soccer’s Best New Prodigy

Today, the US men’s national soccer team is set to play the Czech Republic in their first game since this summer’s World Cup in Brazil. But ahead of the game, our nation’s best young star, Julian Green, made the first major move of his professional career by playing on loan with the Hamburg SV team. […]

Dating

10 Highs And Lows Of Having An Open Relationship In The Hook-Up Culture

Our generation may not have invented open relationships and the hook-up culture, but we have perfected it. We are the open, loving hippies of the modern world, minus all that lovey-dovey stuff and with a different set of drugs. The hook-up culture isn’t all bad. It does have its benefits. Whether indulging yourself is a […]