Park & Bond Set To Be Shut Down By Gilt Groupe

Park & Bond Set To Be Shut Down By Gilt Groupe
Technology

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 Liz Rowley

China Will Get The World’s Fastest Elevators That Will Send You 100 Floors In Under A Minute

A global contender in all things, China is about to one-up us all where it really counts. Get ready for the worlds fastest elevator, courtesy of multinational engineering and electronics conglomerate, Hitachi. Earlier this week, news surfaced that two of the world’s most rapidly-ascending elevators were part of the construction plans for a Finance Center […]

Technology Veronica Grossman

Giant iPhone Mirror Art Installation Captures Our Generation’s Selfie Obsession (Photos)

A very clever graphic designer and student at California State University came up with the ultimate way to take selfies called, “Screen Identity.” Although this may not have been what Gabe Ferreira originally intended, it is definitely how some people are using the 7-foot tall wooden iPhone, which Ferreira will display all around Southern California. […]

Technology Sean Levinson

Apple Trolls The World With Awesome Earth Day Ads (Photos)

Apple has never been known to outwardly bash the competition, but given the company’s environmental awareness and ongoing lawsuit, it couldn’t resist taking a jab at Samsung in this Earth Day ad. According to CNET, readers of several major newspapers will see an ad today from Apple telling fellow mobile makers that there is finally […]

Technology Liz Rowley

This Onesie With Built-In WiFi Is Every Hipster’s Dream (Photos)

The Internet of Things is a term commonly employed in the burgeoning world of tech. Simply put, it refers to equipping any range of objects with Internet capabilities (think manufacturing a toaster with WiFi). As always, The Internet of Things is a surprising phenomenon, forcing us to re-imagine the way we conceptualize commonplace objects by […]

Also On Elite

Women

The 5 Things Every Girl’s Doorman Is Judging Her For

As females living in a major city, we find comfort in living in a doorman building. We think these men will protect us from whatever is lingering on the outside streets. Well, at least that’s what our parents take comfort in. We, on the other hand, more so appreciate the fact that while we’re at […]

Humor

This Year’s 4/20 Summed Up In A Birthday Cake (Photo)

Easter fell on 4/20 this year, which either didn’t affect you in the slightest or made you reevaluate your life’s core philosophy. If you like Jesus and honey-glazed ham, then you probably devoted most of the day to celebrating a resurrection. If marijuana is more your thing, then it’s likely you spent as much time […]

Ladies

The Real Reason We’re All Clingy When It Comes To Relationships

Urban Dictionary defines “clingy” as: ”A boyfriend/girlfriend or possibly someone who likes you who becomes, let’s say, obsessed. Signs that your boyfriend/girlfriend is clingy: doesn’t stop calling, constantly tells you how much they love/like you, writes you songs, buys you flowers/chocolate so much it gets annoying, and wants to spend time with you… all the time.” […]