Wednesday, November 29, 2006
Koodos moves from stealth to Private Sale
Koodos, the Atlas backed company in the Accelerator stable has started to interact. Koodos aims to establish a platform to enable merchants to publish their overstocks and end-of-lines directly to a consumer facing eCommerce site.
The Koodos approach is to give merchants control of their selling prices so that they can optimise their yields and make prodcut available to consumers at an earlier point in their lifecycle than typically.
Drapers Record, the fashion industry's flagship wrote enthusiastically about Koodos and featured Miriam Lahage, Koodos CEO, prominently.
Miriam's background includes many years as senior merchandise director in the TJX group in the US - the world's largest retailer of 'off-price' merchandise, with sales of $14bn.
Whilst they build to critical mass, Koodos are launching 'private sales'. These are 'by invitation' sale events of limited quantities of highly desirable stuff at heavily discounted prices.
Tip: Be sure to register for these sales soon.