Consolidation likely in designer online retail

Consolidation in the private-sale online retail space is likely as the three largest players, HauteLook Inc., Gilt Group, and RueLala, swallow up some of the smaller players, says Adam Bernhard, CEO of HauteLook -- who is in New York this week for Fashionweek-- in this video interview with The Deal. Bernhard adds that although media companies have shown interest in the sector -- last month, Time Inc. acquired StyleFeed -- they are not ready to buy transaction businesses. Watch the video below or download it on iTunes.- Sara Behunek