Five markets to watch in 2010
2010 is here. Plenty have made specific predictions about what you can expect this year. Predictions are fun, but sometimes knowing which markets to look at is a better approach.
With that in mind, here are five of the markets you might want to track in 2010.
GSI Commerce goes upscale with RueLaLa.com acquisition
The good life isn't so good for luxury brands these days. Thanks to the Great Recession, many consumers aren't as eager to spend big bucks on high-end fashion and accessories. Spending less is in vogue and that has been good news for companies that are ready with bargains.
And that explains why GSI Commerce, an e-commerce and multichannel solutions provider, is paying up to $350m for Retail Convergence, the company that operates private sale website RueLaLa.com and off-price e-commerce website SmartBargains.com.
