Gilt Could Face FTC Penalty

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Looks like WWD picked up on our Gilt story—a scoop which came to us direct from tipsters who were overcharged by the online flash sale site. The trade paper says that Gilt could face the wrath of not just its customers, but also the Federal Trade Commission: "Federal Trade Commission rules make it against the law to charge customers more than the advertised 'shelf price' and stores that do may be charged civil and criminal fines." [WWD]