Gilt Groupe Launches Gilt City, Attacking Groupon in New York City

[image error]Gilt Groupe, one of our Most Innovative Companies, made its bones in flash sales (often just one or two days) of high-end fashion. But now it looks like they're setting their sights on Groupon with a new, more local service called Gilt City.

Gilt City is available in, of course, New York City (and nowhere else, at the moment). It's a bit like Groupon, in that it has limited-time offers of coupons and deals for local merchants, but it's also different in a few ways. For one, there doesn't...