daily deals

  • Groupon adds ad exec Steve Krenzer as new COO, sold assets to Grubhub for $20M

    Groupon adds ad exec Steve Krenzer as new COO, sold assets to Grubhub for $20M

    Groupon, the local deals platform, reported Q3 earnings today that provided more details on how it is restructuring its business; and it also took the moment to announce that it has finally appointed a new COO, a role that has been vacant for the last two years. Steve Krenzer, who had been the CEO of direct-ad specialist Core Digital Media, is taking on the role, the first time Groupon has had… Read More

  • Facebook adds eBay’s Daily Deals to its Marketplace on mobile

    Facebook adds eBay’s Daily Deals to its Marketplace on mobile

    Facebook is again getting into the daily deals space, this time in collaboration with eBay. The company has launched a new feature within its Marketplace section on its mobile app, where a selection of inventory from eBay’s Daily Deals program is now available. The deals can be shopped directly in Facebook’s app, but checkout takes place on eBay’s website through an… Read More

  • Groupon closes up 23% after Q4 report, says it paid nothing for LivingSocial

    Groupon closes up 23% after Q4 report, says it paid nothing for LivingSocial

    Groupon, the daily deals platform that has been restructuring itself and trying to shift into more profitable areas of e-commerce, today reported its Q4 earnings. The company reported sales of $934.9 million but with a net loss of $50.2 million, and a non-GAAP EPS of $0.07. Both are a beat for the company: analysts were expecting revenues of $912.8 million, and non-GAAP earnings per… Read More

  • Groupon reports better-than-expected revenue, still not profitable

    Groupon reports better-than-expected revenue, still not profitable

    Deal site Groupon saw its shares rising today in after-hours trading, following a better-than-expected second quarter earnings report. Analysts expected the Chicago-based company to report negative earnings per share of $0.02 on revenue on a non-GAAP basis, and $713.8 million in revenue, according to Estimize data. But Groupon beat Wall Street revenue expectations with second… Read More

  • Local deals site LivingSocial lays off 280, over 50% of staff, outsources customer services

    Local deals site LivingSocial lays off 280, over 50% of staff, outsources customer services

    More bad news for LivingSocial, the beleaguered commerce platform that competes with the likes of Groupon in offering deals on events and services local to its users. Today, LivingSocial announced that it would lay off 160 employees, and over the next two months, it will shut down its customer services operations in Tucson, AZ, accounting for a further 120 people — bringing the… Read More

  • Groupon launches new Merchant app that puts the daily deal front and center

    Groupon launches new Merchant app that puts the daily deal front and center

    For the last several years, Groupon has been expanding its business beyond the daily deal to position itself as the platform for local commerce. Some of those efforts have proven to be more challenging than others, however. And so, as Groupon now downsizes in less profitable areas, it’s also making a return to products that are tried, tested and lucrative. Groupon says that… Read More

  • Groupon Soars 23% On Favorable Earnings

    Groupon Soars 23% On Favorable Earnings

    Not dead yet, deal site Groupon soared 23% in initial after-hours trading, following a better-than-expected fourth quarter earnings release. The company beat revenue forecasts, bringing in $917 million, instead of the anticipated $846 million, and a 9% year-over-year increase.  Adjusted earnings per share was at four cents, whereas Wall Street was expecting zero. This is quite the bright… Read More

  • Amazon To Exit Daily Deals With Closure Of Amazon Local

    Amazon To Exit Daily Deals With Closure Of Amazon Local

    Amazon is exiting the daily deals space. According to a message now being displayed on the Amazon Local homepage, the company’s deals platform is closing up shop on December 18, 2015. At that point, Amazon will stop selling deals via the website and in the Amazon Local mobile app. Customers who have already bought deals, however, will still be able to use them, the company notes. Read More

  • Amazon Tests Local Pickup With Seattle-Based Deals Service “Treasure Truck”

    Amazon Tests Local Pickup With Seattle-Based Deals Service “Treasure Truck”

    Amazon announced this morning the launch of a unique – if somewhat odd – new service it’s calling “Treasure Truck,” which introduces a different way for customers to shop from Amazon.com. The company is driving around a truck filled with in-demand, limited-quantity products on sale for that day only. The service is live in Seattle for now, as part of a limited… Read More

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