Bloomspot, a San Francisco-based local offers company which debuted back in 2010, has been acquired by Chase Bank, a subsidiary of JPMorgan Chase & Co., to form the basis of forthcoming offers-focused products, the companies are announcing today. Terms of the deal are not being disclosed at this time, but it involves the acquisition of both the technology Bloomspot developed, as well as its… → Read More
Bloomspot, a local offers company launched back in 2010, is pulling back the proverbial kimono on its numbers in an effort to prove its business model works. Although sometimes lumped in with group deal providers like Groupon or Living Social, Bloomspot operates quite differently. Instead of group deals targeted at the masses, it offers exclusive deals targeted specifically at a merchant’s best… → Read More
With Groupon on the verge of going public, and Google, Facebook, and just about everyone else rushing to copy the idea, there’s no question that the model has been a huge hit with consumers. But there are still some questions as to just how much it helps out the businesses offering the deals. It’s essentially a loss leader model, so the success metrics can be tricky to accurately gauge. Bloomspot… → Read More
The whole “flash sale” phenomenon is interesting. Traditionally, the idea of “impulse buying” has been viewed as a somewhat bad thing. Purchases are supposed to be thought out and studied — made only after you’ve considered things for a while, right? The Internet has flipped that idea on its head. But that’s not a bad thing.
Bloomspot is one of the newer players in the flash sale scene. Launched… → Read More
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