Stocking the building with many of Herman Miller… Simon, like other mall owners, has been hit by a wave of store closures in the U.S., at its shopping malls and premium outlet centers. Kynetic's mission statement is "Kynetic owns and operates ecommerce businesses Fanatics, Rue La La and ShopRunner, which span the sports merchandise, designer fashion and consumer product markets." In a phone interview, Michael Rubin, executive chairman of … The Company has its roots in one of Rubin’s earlier ventures, GSI, which was established in 1997 after his sports equipment business merged with publicly-traded athletic footwear company Ryka. These websites also host support resources such as FAQs. Both Fanatics and Rue La La also operate physical outlets where customers can receive personal assistance when making purchases.ShopRunner operates a different revenue model, charging its customers a monthly or annual subscription fee, $.95 or $79 respectively, in return for free two-day shipping on all items – provided by more than 80 stores – in its catalogue. He also said Simon Property Group would consider doing something similar, online, with its traditional malls. Kynetic does not disclose its financial figures; media reports, however, suggested that in 2013 Fanatics expected to make $1 billion in annual revenue, while Rue La La generated $440 million.Fanatics’ key partners principally comprise sports organisations, including national bodies such as the NHL, NFL, MLS, NBA, NASCAR and PGA, US franchises such as Arizona Cardinals, St. Louis Rams, Chicago Bulls and New York Knicks, and international soccer teams such as Borussia Dortmund, Manchester United and Real Madrid. The closing of this deal is still subject to regulatory approvals."Simon has definitely been upfront that they aren't just going to sit on the sidelines and let the world move online and them not be a part of it," Sandler O'Neill + Partners real estate investment trust analyst Alexander Goldfarb said. "We are creating a flywheel so to speak ... of unique attributes and partners that very few companies have. Kynetic, one of the largest privately-held technology companies in the United States, owns three leading consumer internet businesses: Fanatics, Rue Gilt Groupe, and ShopRunner. He previously founded GSI Commerce in … Global Business and Financial News, Stock Quotes, and Market Data and Analysis. But the Indianapolis-based real estate owner is often considered the strongest in its peer group, with higher-rated properties in more sought-after locations that bring in more sales per square foot. This material is provided for educational purposes only and is not intended for medical advice, diagnosis or treatment. Reports suggest that online fashion retailer Rue La La primarily targets more affluent customers, typically with annual salaries of more than $100,000, who are in their 30s and are regular user of mobile devices. ShopRunner only accepts US and Canadian billing addresses. The company sells officially-licensed products from a range of sports teams and organisations across the NFL, MLB, NBA and NHL, among others. The workplace was going to … The company also partners with media outlets like NBC Sports and Yahoo Sports, and with sporting events, for instance partnering with Churchill Downs to manage online and on-site retail during Kentucky Derby weekend. Its three ecommerce businesses – Fanatics, Rue La La and ShopRunner – operate their own websites at www.fanatics.com, www.ruelala.com and www.shoprunner.com. Rue La La additionally provides a cross-border trade service that targets consumers in China.Both ShopRunner and Rue La La provide customers with discounts and deals that are not available elsewhere, with ShopRunner subscribers also receiving free delivery on all items.