Gilt Groupe, online purveyor of luxury goods at sample sale prices, announced that it will be shuttering its full price menswear e-tailer, Park & Bond, by the year's end. Launched just a year ago, the site offered high-end designer clothing from labels like Rick Owens, Mark McNairy, and Balmain.

While layoffs will be minimal, the company plans to reintegrate the editorial feel of Park & Bond into its existing Gilt Man property. Which means we'll probably see more service-oriented content along with our sale prices.

[via All Things D]