Enjoy This Holiday Season With Exciting Offers From Groupon Inc. (NASDAQ:GRPN)

Posted by Michael Korte October 27, 2013 0 Comment 4603 views

This holiday season Groupon Inc. (NASDAQ:GRPN) is celebrating five years of great offerings with five outstanding deals based around five elements of cakes, cats, air, fire and music. These deals include five foot party cake, personalized cat drawing, skydiving with a member of the Groupon staff, professional candle blower and wishing team and the five favorite deals on food, fitness, relaxation and recreation, plus a gift item and Groupon vouchers inside.

The deal company and a global leader in local commerce with presence in 48 countries, Groupon is changing the traditional small businesses by leveraging its global presence and relationships to offer consumers best of deals on things to eat, see, do or buy while facilitating merchants with a range of products and servicesto help them win more customers.

Last week in an interview with CNBC, the Chief Executive Officer of Groupon Inc., Eric Lefkofsky mentioned that the company’s mobile concentration is continually growing. Moreover the Groupon deals are likely designed for mobile and are “geocentrically intelligent” to identify where the customers are to help them explore a city through the power of a deal.

“In terms of large e-commerce companies, we’re probably the most in terms of penetration in mobile or number of transactions in mobile as anybody,” the company’s co-founder said in a “Squawk Box” interview, “because Groupon is inherently local. You use it when you’re out and about, exploring your local market.”

The CEO further added that the transition to mobile monetization is crucial over the past few quarters and the company is continually growing its mobile concentration with around 7 million app downloads during 1Q13 and over 7.5 million during 2Q13. The company is scheduled to release 3Q13 earnings on Thursday, November 7, 2013.

The CEO also affirmed that the company has successfully defended or grown its market share despite being into the most copied business models of all time as well as amidst the strife competition presented by big players in the industries.

The Amazon.com, Inc. (NASDAQ:AMZN)’s Amazon Local and Google Inc. (NASDAQ:GOOG)’s Google Offers resembles to Groupon services. Amazon Local is a daily deals website that sends new deals to its subscribers to use in their city or online. While Google Offers the deal through its mobile app that helps users save time and allow easy redemption with their phone without the hassle of paper coupons.

About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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