Proving yet again that the severe decline of the original push model of daily deals is not going to be its death knoll, Groupon rolls out a snazzy new tool for its merchants. The new Gnome is a tablet-based piece of hardware and software that replaces in-store cash registers. Not only will Gnome know instantly that the store's customer is a Groupon customer too, but its
Deseret News Publishing's KSL Local Interactive of Salt Lake City has joined the Media Partner Program of digital marketing agency Dream Local Digital. KSL operates a radio and TV station, as well as deals and classified
While Groupon still struggles to become profitable, its brave, aggressive and constantly innovative transition to online marketplace brought Q1 2014 billings to a record high of $1.82 billion, up 29 percent year-over-year (YOY) . Its net loss of $37.8 million was a 50 percent improvement over Q1 2013.
On the earnings call, Groupon CEO Eric Lefkofsky attributed much of the loss to the cost of t
Proving yet again that it's moving away from Daily Deals as fast as its technology and funds will allow, Groupon just introduced Groupon Basics. The online bulk-order marketplace rivals Costco and Sam's Club with one big difference - you don't have to pay an annual fee to take advantage of the discounts of 20 to 30 percent.
It certainly hasn't the var
For the first quarter of 2014, LivingSocial has just reported net income of $177 million, as compared to a net loss of $45 million for Q1 2013. The positive figure was primarily based on its sale of Ticket Monster to Groupon, while overall revenue actually dropped 40 percent.
As part of its turnaround efforts, in Q1 LivingSocial introduced an automated refund process called
SanomaVentures has invested in Roomlr.com, the international search engine for holiday rentals. With a database of 1.4 million locations, Roomlr offers a new and easy alternative for finding a holiday house or apartment anywhere in the world.
Roomlr is located in Amsterdam, the Netherlands. The company was founded in 2013 by Bas Lemmens, who w
Groupon is amazing for its ability to almost totally transform its model and still increase revenue from 2012 to 2013 by 10 percent. The Groupon team clearly gets the message that the heyday of push daily deals - sending emails out every day, for limited time offers - has come and gone. Groupon is steadily evolving to the world of a pull marketplace, and while it has differentiaters, is sounding
After five years merchants using daily deals veteran Groupon are finally going to be able to set up their own Groupon Deal right from its platform. They'll no longer have to call Groupon, though someone at Groupon will still oversee each one before it goes live. That's to make sure the deal is efficient - i.e., it's attractive enough to
By way of tweets, Twitter announced that Brian “Skip” Schipper is to be Twitter's new VP of human resources, effective Jan 21. Schipper was SVP of HR at Cisco and most recently at Groupon. The tweet below is that of Janet Van Huysse who, as the new head of leadership development and inclusion, will report to Schipper.