This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Gilt Groupe: Riding the Gilded Wave of Growth

Stocks in this article: AAPL AOL AMZN JWN

Editor's note: This story is part of TheStreet's Tomorrow's Leaders Today series.

NEW YORK ( TheStreet) - Rob Deeming never stops moving. When he's not jetting between New York and London as the head of strategic projects at luxury discount site Gilt Groupe, Deeming can be found surfing in the Rockaways, playing soccer and hiking in the countryside.

"I tend to be running at 100 miles per hour every day," he said.

Fittingly, the 33-year-old Deeming has landed a job that requires this same level of intensity: Drumming up new business for Gilt, a fast growing e-commerce start-up launching a dizzying number of new verticals while fending off steep competition from rivals including Amazon's (AMZN) MyHabit.com and Nordstrom's (JWN) RueLala.

But while Gilt is prized by bargain hungry women who rush online at noon each day to nab items like $700 Judith Ripka earrings and $200 Marc by Marc Jacobs skinny jeans for up to 60% off, Deeming said he wasn't drawn to the company by a love of designer apparel, but rather its massive growth potential.

After graduating from Nottingham University in the U.K., Deeming worked as a management consultant at Bain before attending Harvard Business School in 2005.

He spent the summer after his first year at business school at Apple (AAPL) where he worked in the iTunes group.

Despite the prestige of working at the notoriously tight-lipped consumer electronics giant, Deeming said it wasn't a cultural fit.

"Apple was an amazing place to work but the issue was that there was so much secrecy it could get frustrating at times," he said. "You heard about products in the same way that the broader market did."

Another obstacle: An inability to move up quickly within the organization since high up execs tend to stick around.

"Apple doesn't seem like an organization where you'll fly through the ranks quickly and that's something I wanted to do," he said.

Returning to Cambridge, Mass. in the fall, Deeming began working on a new business with a fellow classmate that turned into Amuso, an online gaming service that made trivia games for social networks like Bebo and Facebook.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs