A new competitor in the deal site space — otherwise populated by firms like Fab.com and Rue La La — says it generated $42 million in revenues in the first half of 2012, according to TechCrunch.
NoMoreRack expects to surpass the $100 million in revenue mark for the full year — and has not yet sought financial backing from equity investors. In contrast, Fab has raised more than $51 million, and Rue La La has raised $22 million.
In contrast to many of the other sites in the so-called “flash deal” space, NoMoreRack offers discounts on items that are already competitively priced. Sites like Rue La La tend to sell more luxury goods.
Read the full story on NoMoreRack here.
