Amazon Closing Flash-Sale Site MyHabit

Another unhappy ending for a flash-sale shopping site. Three months after Gilt Groupe sold for a fraction of its valuation, Amazon.com has decided to shut down its fashion discount competitor MyHabit, according to a person familiar with the move. Amazon launched the website five years ago near the height of the flash-sale craze, but MyHabit has struggled in recent years as the one-time popular fashion niche has become less popular and Amazon has prioritized other fashion initiatives.