How Nasty Gal Went from an $85M Company to Bankruptcy
21–30 of 123 posts
Re: How Nasty Gal Went from an $85M Company to Bankruptcy
#22Re: How Nasty Gal Went from an $85M Company to Bankruptcy
#23Can't read the article without a subscription to WSJ
Oh dear - they closed the loophole. It's a shame, but if it's something they need to do to survive then fair play. I do wonder if these should be permitted on HN now though...
Depends on how much they value that google traffic, since google doesn't like being tricked into fake search results.
Re: How Nasty Gal Went from an $85M Company to Bankruptcy
#24The most interesting part of this to me is the purchase by Boohoo.com, itself capitalising on legendary dotcom failure boo.com's branding. It sounds very much like the parent is running a business model very similar to the "one last draw" model Warren Buffet was so successful with earlier in his career. It might make a lot of sense for the right type of investor, too. The growth won't likely be there in the long term…
Re: How Nasty Gal Went from an $85M Company to Bankruptcy
#25Re: How Nasty Gal Went from an $85M Company to Bankruptcy
#26The clothes were awful. It sounded like a good story from a distance, but if you looked at the catalog it was a definite maybe and if you saw the clothes in person you realized they used cheap materials and were photographed from the good angle.
Re: How Nasty Gal Went from an $85M Company to Bankruptcy
#27Re: How Nasty Gal Went from an $85M Company to Bankruptcy
#28Earlier quoted context omitted.
I believe if you click the 'web' link under the title of the article here on HN, it will take you to a Google search page which will (sometimes) show you other sources for the same article. Also, I've been getting around the paywall from Washington Post and NY Times etc. by right clicking on an article I know comes from their site and selecting 'Open in Incognito Window' in Chrome. The lack of cookie tracking gives m…
This no longer works reliably for the WSJ.
Re: How Nasty Gal Went from an $85M Company to Bankruptcy
#29The clothes were awful. It sounded like a good story from a distance, but if you looked at the catalog it was a definite maybe and if you saw the clothes in person you realized they used cheap materials and were photographed from the good angle.
Re: How Nasty Gal Went from an $85M Company to Bankruptcy
#30The most interesting part of this to me is the purchase by Boohoo.com, itself capitalising on legendary dotcom failure boo.com's branding. It sounds very much like the parent is running a business model very similar to the "one last draw" model Warren Buffet was so successful with earlier in his career. It might make a lot of sense for the right type of investor, too. The growth won't likely be there in the long term…
Revenue is vanity. Profit is reality. Selling $85MM in 2014 is nifty, but fashion industry is hard. Average EBITA is maybe 10%: http://www.mckinsey.com/industries/retail/our-insights/the-s... to realize how brutal it is. Let's piece this together... She had 280 FTE at 2013 and got into a lease for 500k sqft warehouse: http://www.inc.com/30under30/donna-fenn/nasty-gal-sophia-amo... At ~$60k/yr avg and we'll pretend a…