GSI Commerce buys online fashion discounter for $350 million - NYTimes.com

The idea of holding private sales of premium merchandise on the Web suddenly seems to be in vogue.

GSI Commerce, which manages the Web sites for major retailers like Toys “R” Us and Zales, announced on Tuesday that it was buying Retail Convergence, operator of the Web site Rue La La, in a deal valued at as much as $350 million...