RetailMeNot Could Shred The Paper Coupon Biz With Credit Card-Integrated On and Offline Discounts. Why cut coupons when you could just click them? Following a successful trial at SXSW, the world’s largest online coupon site RetailMeNot is planning a roll out of its paperless credit card-linked coupons this summer with several nation-wide retailers. Saving money is as easy as visiting RetailMeNot, entering your credit card number, and selecting discounts to load onto your card. Then when you pay with that card online or at a brick-and-mortar store, the discount is automatically deducted from your total. The CardSpring-API backed feature could be massively disruptive because it’s so much easier and less embarrassing than cutting and redeeming traditional offline coupons. It’s also great for merchants, since rather than paying to print coupons, businesses only pay RetailMeNot a commission when discounts are redeemed.
There are so many things wrong with how offline coupons work. Redemption sucks too. Credit card-linked coupons solve all of these problems. Groupon earnings report: The shaky theory behind the company’s business model. Photograph by Scott Olson/Getty Images. Accounting is boring. High-tech innovation and fast-growing startups are fun. But sometimes boring things are important. And Groupon, the fast-growing market leader in the daily deal business, can’t seem to get its accounting right.
The specific error in Q4 has to do with the somewhat odd timing of the inflows and outflows of Groupon’s revenue. If Groupon is a wildly successful business 10 years from now, we can expect this early brush with accounting woes to be an endlessly repeated anecdote about the culture clash between brash go-getting entrepreneurs and boring green eyeshade suits. Groupon’s problem today is that the new accounting mix-up is bound to remind people of the company’s very first accountant-related controversy, their departure from Generally Accepted Accounting Principles in their initial IPO filing.
The reason we have GAAP is that assessing a business’s health isn’t as simple as watching money flow in and out. Daily deals association set up as Groupon slides. The first trade association for the burgeoning daily deal industry has been launched in the UK, partly in an effort to counter “negative press”. The Global Daily Deal Association aims to provide one voice for the “disparate” daily deals industry, which includes companies such as Groupon, kgbdeals and Living Social. It's formation comes as shares in Groupon - once the fastest growing US cocporation in history - fell 17% after it was forced to reissue its latest quarterly results admitting it was further in the red than previously stated due to refunds to disgruntled customers.
The new daily deals trade body has been established to bring together the thousands of daily deal providers offering discounted goods and services to consumers worldwide. It comes as UK consumers spent nearly £300 million on daily deal sites in the second half of 2011. The GDDA’s first role will be to work with an industry in its infancy to establish and agree a code of conduct. BIG Announcement: FIRST EVER ASSOCIATION FOR GLOBAL DAILY DEAL INDUSTRY LAUNCHES | DD Summit Europe 2012. The Global Daily Deal Association (GDDA), the first trade organisation for the burgeoning daily deal industry, launched today in the UK. Following huge demand at last week’s successful DD Summit Europe, the new trade body has been established to bring together the thousands of daily deal providers currently offering discounted goods and services to consumers across the globe. The association is the first of its kind and aims to provide one voice for the dynamic and currently disparate daily deal industry, which includes major players such as Groupon, kgbdeals and Living Social.
Daily deals have had a huge impact on consumer spending habits since they took off just two years ago. In the UK alone, consumers spent nearly £300 million on daily deal sites in just six months last year (July-Dec 2011). “The first ever DD Summit Europe was a fantastic forum for discussion, and a great starting point for the Global Daily Deal Association. About the Global Daily Deal Association.
Thématiques. Agrégateurs. Etudes. Lookingo. Achat groupé. [e-commerce] Une marketplace de deal local, la nouvelle conquête d’iGraal. Groupon.