Online coupon supplier RetailMeNot Inc. has bought Actiepagina, a publisher of online coupons in the Netherlands. Sources estimated the purchase price at nearly $10 million.
Should the daily deal sites like Groupon and LivingSocial falter, you can bet your bottom dollar that online couponers — which have been around since the beginning of the Internet — will still be present.
One of the survivors could be WhaleShark Media, which today announced that it was changing its corporate name to RetailMeNot — one of its main individual brands for the last few years—and acquiring Amsterdam-based competitor Actiepagina.
Today the online furniture retailer Wayfair launched their new daily deal site under the title Daily Fair. Although not well known, Wayfair is one of the biggest online furniture retailers in the US with $600 million in sales in 2012. Now, just over 10 years old, they sell an inventory of five million home décor products and have shown solid growth in the past three years with high double digit increases in revenue.
Flash-sales companies—like Gilt Groupe, Rue La La and One Kings Lane—have tapped into online shopping behavior that Amazon overlooks. While need-based consumers head to Amazon, Google or Wayfair in search of a particular item, impulse buyers browse the daily offerings of flash sales sites as much for entertainment as need and they tend to spend money!
Four months ago Groupon released its point-of-sale system Breadcrumb and now Square is beefing up its own POS system. The company announced today that it’s releasing its new "Business in a Box,” a package that includes all the hardware merchants need to run Square Register at their brick-and-mortar stores.
Groupon released Breadcrumb last October. The POS system comes with a "Breadbox"—which is the hardware needed to get the POS up and running. The Breadbox includes an iPad that merchants can purchase, iPad stand, cash drawer, credit card swipe, printer, router, WAP, and cables.
Similarly, Square's "Business in a Box" comes with two Square readers, an iPad stand, a cash drawer, and an optional receipt printer. All work wirelessly with Square Register.
Daily deal sites aren't hard to come by these days anywhere in the world, but what differentiates Olaround is that it’s based in a part of the world not well known for its startup scene.
Olaround is Pakistan’s first location-based loyalty application that works on iPhone and Android-powered smartphones. The app was launched in September 2012 by Bramerz, a Google-certified digital agency, in association with Google and Ufone, a Pakistani GSM cellular service provider.
"Within two months of its launch, the app topped the AppStore Pakistan charts," says Bramerz public relations coordinator Alina Qureshi.
MyTime, a variation of the tradition daily deal model launched in Los Angeles this week. The service ia a convenient way find, book and pay for services like car repair, autodetailing, hair styling, massages, acupuncture, and more and instantly allows you to book appointments for everything on your to-do list. At the same it it allows you to find services offered at a discount on certain days of the week - normally the quiet time for some of the merchants.
As the founder Ethan Anderson describes it, he wants to build the Amazon for local services and open appointments. All the merchants who are shown have either a four star or five star rating on Yelp and/or CitySearch and all merchant profiles show contact information, descriptions and ratings from Yelp.
You click on a merchant, and you can then drill down the service you want. So if you want a massage, you can specify that you'd like a Swedish Massage for 60 minutes, and then book the service for the date you'd like depending on merchant availability. MyTime will show you what the prices are depending on the dates.
We already pretty much know that online traffic to US retail sites exploded during Thanksgiving 2012, but now data is coming in to show that holiday numbers were also phenomenal.
In fact, the retail category witnessed a record-breaking traffic volume of 194 million Americans last month, or 9 out of 10 of all US Web users in December. Comscore has publshed the lateset stats for the top 50 US web properties.
Fashion browsers, Pinterest and Lookbook.nu, a street photography site, are certainly brilliant at displaying dreamy and expensive-looking pictures of fashion or goods you might want to buy. But more often than not, there is no information about how to purchase an item — or even where it is from and the credit card is packed away again.
Wanelo a start-up based in San Francisco has the same aesthetic as those sites with one important difference - clicking on an image takes you directly to the place where it’s available for sale — not another blog, image site or Pinterest post. Users can browse others’ items, comment on them and share them with friends. Brands and companies like Anthropologie, REI and even the Apple repair shop Tekserve can create their own collections of items for online window shoppers.
Lazada, the Asian Amazon clone operating in five countries across Southeast Asia, has announced that it has raised ‘an eight digit Euro investment’ from Tengelmann, a German retail group. The speculation is that they raised around $20 million.
Tengelmann is one of the investors that has backed a number of Rocket Internet projects, including Linio, Jumia and others as its portfolio page indicates. This is the fourth investment that Lazada has announced, which, regardless of the fact that it is backed by ‘clone-factory’ Rocket Internet, is pretty impressive considering that it was only launched in March 2012.
A trend has been developing over the past two years or so, that banks and other financial services providers are racing to provide card-linked offers that deliver relevant merchant offers to consumers.
As gatekeepers of transaction data, financial companies can offer customers targeted deals. In other words, pole-dancing or gun training offers won't grace everyone's inbox anymore.
In a nutshell the new service works like this:
A consumer syncs his bank account — and additional accounts for a fee, if he so wishes — to Bync so that he receives emailed offers from merchants that relate to his recent transactions. Bync uses Yodlee to aggregate bank and credit card accounts.
Some staggering e-commerce statistics comming from China and published by We Are Social. China has been the world’s largest online market for some time now, but its growth shows no sign of losing momentum.
The Chinese e-commerce market has now grown to 242 million online shoppers, which is the largest by far anywhere in the world. No less than 43% of all Chinese internet users buy stuff online. Before we have a look at a few graphics here are a few more stats from the e-commerce industry in China: