Posts tagged "flash sales"
30 Apr 2013
29 Nov 2012

  • LivingSocial cuts 10% of workforce but claims travel business “is doing great”

    Digital

    Daily deals company LivingSocial cut 400 jobs, mostly in the U.S., but claims its travel business, Escapes, “is doing great.” The layoffs amount to around 10% of the workforce. “Escapes is doing great, and there’s no change in strategy and focus related to it,” said spokesperson Andrew Weinstein, following the layoff news. “Doug Miller [senior [...]

14 Nov 2012

  • TripAdvisor’s Kaufer still loves flash sales and will take inspiration from Wanderfly

    Digital

    Groupon may be floundering, Travelzoo’s Local Deals are under pressure, and Jetsetter is up for sale, but TripAdvisor’s Steve Kaufer still loves the flash sales sector. TripAdvisor launched flash-sales site SniqueAway in 2010, and Kaufer, speaking at the PhoCusWright conference in Scottsdale, Arizona, said today “we’re very happy with the site,” which is profitable. SniqueAway has [...]

09 Nov 2012

  • Groupon misses estimates this quarter and posts a net loss despite rise in sales

    Digital

    Groupon Inc., the largest daily-deal website, reported third-quarter sales that missed estimates as sales of coupons overseas declined from the previous quarter. The net loss was $2.98 million, the Chicago-based company said today in a statement. Sales rose 32 percent to $568.6 million, missing the $591 million average analyst estimate, according to data compiled by [...]

02 Nov 2012
12 Oct 2012

  • Travelzoo goes shopping for hotel booking site to buy as its voucher business stalls

    Digital

    There’s trouble in paradise at Travelzoo, which revealed that its voucher and hotel-search business is under-performing, and it is actively looking to alter its product mix and acquire a hotel booking website. “We continue to be positive about our long-term growth strategy,” said Chris Loughlin, CEO, in an unusual announcement of preliminary results for the [...]

05 Sep 2012

  • Starbucks turns to LivingSocial for daily deals experiment

    Digital

    Starbucks Corp, the world’s largest coffee chain, is offering consumers a deal this week through daily-deal company LivingSocial, a vote of confidence in Groupon Inc’s main rival. LivingSocial, part owned by Amazon.com Inc, will offer a $10 Starbucks gift card for $5 on Wednesday. Customers have six months to claim the card, which can be [...]

20 Aug 2012

  • LivingSocial likely to give up on Egypt, Lebanon, and the United Arab Emirates

    Digital

    LivingSocial, the online business that offers deals and discounts on a range of commercial products, is looking to exit the Middle East market, according to a report Sunday in Abu Dhabi daily newspaper The National. In an email to employees, Eric Eichmann, the company’s president of international operations, explained that because LivingSocial was unable to [...]

18 Aug 2012

  • Groupon sees how low its stock price can go (Answer: really low)

    Digital

    Groupon Inc. tumbled to a record low after Evercore Partners Inc. downgraded shares of the daily-deal website, citing a potential for billings to decline. The shares retreated 5 percent to $4.75 at the close in New York, the lowest price since an initial public offering in November. The stock has lost 76 percent since the [...]

14 Aug 2012

  • Groupon is bypassing Expedia to sell travel directly to consumers

    Digital

    Groupon is increasingly selling travel vouchers directly to consumers and, and in these instances, shutting out its middleman, Expedia. CFO Jason Child noted that Groupon’s “direct revenues” from physical goods, travel vouchers and movie tickets in the second quarter for the first time became material to the company’s financial results. That means these direct sales [...]