Nick Rosenthal is looking to revolutionize the way brands and retailers clear goods with Drop ’Til You Shop — a reverse auction Web site that officially launched this week.
Rosenthal, cofounder and chief executive officer, said the site would offer “rapid-fire deals,” putting goods up at a price that drops steadily until the sale ends suddenly. Shoppers can wait longer to get a better price, but risk missing out on the deal.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"