Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Groupon Inc    GRPN

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Groupon Inc : Groupon Rewards Launches Nationwide, Driving Repeat Business for Local Merchants

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/10/2012 | 02:35pm CET

Today Groupon (http://www.groupon.com) (NASDAQ: GRPN) announced the nationwide launch of Groupon Rewards (http://www.groupon.com/Rewards), an easy-to-use loyalty program for merchants that enables them to offer customers special Rewards for repeat business. After a successful pilot program in Philadelphia, Groupon Rewards is now open to U.S. merchants, regardless of whether or not the business has previously run a Groupon deal.

Groupon Rewards stimulates repeat business and customer loyalty for merchants, without the hassles of check-ins, extra apps, key fobs or punch cards. Consumers automatically earn Rewards just by using any major credit card saved in their Groupon profile when they eat, shop and explore their favorite local spots. Once a customer spends an amount pre-determined by the merchant, a Reward is unlocked to use during a future visit. Rewards works seamlessly with merchants' existing point-of-sale systems, allowing business owners to avoid expensive upfront investments and focus on operations as usual while Groupon does the work.

"We believe this is the easiest Rewards program in the world for both merchants and consumers," said Jay Hoffmann, General Manager, Groupon Rewards. "Merchants can leverage the power of Groupon's active customer base to launch a loyalty program with real impact, using the systems they already have in place. And thanks to the scale of Groupon's network of high quality local businesses, consumers can enjoy increased savings from a wide variety of merchants in their backyard and all over the U.S."

"Groupon Rewards helps us convert more of our clientele into regular, long-term customers," said Randy Currie, owner of five Currie Day Spas in the Philadelphia area. "We find the program very easy to use, and the data we receive back helps us better understand consumer purchase behavior and the overall effectiveness of our marketing campaigns."

Preliminary data points to Groupon Rewards customers becoming even more loyal than organically acquired customers, further stimulating business for merchants. In addition, merchants can access detailed analytics within the Merchant Center on Groupon.com, which encompasses customer spend history, frequency of visits and the number of Rewards earned and redeemed.

Groupon Rewards joins Groupon's daily deals and Groupon Now! real-time deals to create the first complete suite of marketing services for local businesses, adding a retention solution to the existing customer acquisition and yield management offerings. Merchants interested in registering for the program can visit http://www.groupon.com/merchants/Rewards. Consumers can learn more and enroll at http://www.groupon.com/joinRewards.

For images and video, please visit http://www.thenewsmarket.com/grouponrewards.

About Groupon

Groupon, launched in November 2008 in Chicago, features a daily deal on the best stuff to do, eat, see and buy in 48 countries around the world. Groupon uses collective buying power to offer huge discounts and provide a win-win for business and consumers, delivering more than 1,000 daily deals globally. To subscribe for the best deals in your city, visit http://www.groupon.com. To learn how to become a featured business, visit http://www.grouponworks.com.

Forward-Looking Statements

This announcement contains forward-looking statements that involve risks and uncertainties, and actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the factors included under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's Annual Report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission, copies of which may be obtained by visiting the company's Investor Relations web site at http://investor.groupon.com or the SEC's web site at www.sec.gov. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no obligation to update publicly any forward-looking statements for any reason after the date of this press release to conform these statements to actual results or to changes in our expectations.

Groupon
Nick Halliwell
224.374.8650
nhalliwell@groupon.com


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GROUPON INC
04:34p GROUPON : New Groupon Ad Campaign Shows Millennials and Power Users How They Can..
02/16 GROUPON : To Participate In Upcoming Investor Conferences
02/16 GROUPON INC : Strengthening U.S. Economy Sends Markets to New Highs: Today's Res..
02/15 WEDNESDAY SECTOR LEADERS : Advertising, Airlines
02/15 GROUPON : surprise revenue sends stock to 4-month high
02/15 GROUPON : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULT..
02/15 GROUPON, INC. : Results of Operations and Financial Condition, Financial Stateme..
02/15 GROUPON : Announces Fourth Quarter and Fiscal Year 2016 Results
02/08 GROUPON : Survey Reveals Men Think They Put the Most Effort Into Valentine's Day
02/08 GROUPON : Survey Reveals Men Think They Put the Most Effort Into Valentine&rsquo..
More news
Sector news : Internet & Mail Order Discount Stores
02/21DJWal-Mart, Spending to Fend off Amazon, Posts Earnings Decline as Revenue Grow..
02/18 With stocks at highs, investors eye consumer results
02/16DJRetail CEOs Meet With Trump Over Border Tax Concerns -- Update
02/16DJWAL MART DE MEXICO B DE C : Mart de Mexico Profit Rises 23% in Fourth Quarter --..
02/15DJWAL MART DE MEXICO B DE C : Mart de Mexico Profit Rises 23% in Fourth Quarter
More sector news : Internet & Mail Order Discount Stores
News from SeekingAlpha
02/17 Let The Buyer Beware
02/17 GROUPON : Solid Quarter, Turn Around Almost Complete
02/16 SNAPCHAT : Activism Before Activism?
02/16 WALL STREET BREAKFAST : Snap IPO On The Horizon
02/15 TECHNOLOGY - TOP GAINERS / LOSERS AS : 00 pm
Advertisement
Financials ($)
Sales 2017 3 148 M
EBIT 2017 90,8 M
Net income 2017 -74,5 M
Finance 2017 874 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 1 076,19
EV / Sales 2017 0,53x
EV / Sales 2018 0,46x
Capitalization 2 541 M
More Financials
Chart GROUPON INC
Duration : Period :
Groupon Inc Technical Analysis Chart | GRPN | US3994731079 | 4-Traders
Full-screen chart
Technical analysis trends GROUPON INC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 4,93 $
Spread / Average Target 9,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Richard Williams Chief Executive Officer & Director
Eric P. Lefkofsky Chairman
Michael O. Randolfi Chief Financial Officer
Peter J. Barris Independent Director
Brad A. Keywell Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GROUPON INC42.77%2 541
COSTCO WHOLESALE CORPO..10.51%77 530
TJX COMPANIES INC1.48%49 773
TARGET CORPORATION-8.33%37 038
WAL-MART DE MEXICO S A..8.29%35 627
DOLLAR GENERAL CORP.5.12%21 377
More Results