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Is Gilt About To Be Acquired By Saks Fifth Avenue?, the New York-based fashion discount site, is in talks to be acquired for $250 million, according to the Wall Street Journal. The prospective buyer is Hudson’s Bay, which owns Saks Fifth Avenue. An early pioneer in “flash sales,” Gilt sells heavily discounted items from high-end brands. It has been marketed as an avenue for online sample sales and showcases ... Read More »

Groupon Goes After Yelp And Google With Millions Of Individual Business Pages

Groupon today took one more step ahead in its bid to be a simple daily deals site, and more of a general go-to place for local businesses and all of their e-commerce efforts: it has launched a new format and online presence called Pages. This is an online directory that will give businesses their own home page on Groupon’s site, where ... Read More »

Groupon Q3 Beats The Street On Sales Of $757.1M, EPS Of $0.03

Still pushing hard on its strategy to be more than just a site for daily deals, e-commerce powerhouse Groupon reported its quarterly earnings today, reporting revenues of $757.1 million on non-GAAP earnings per share of $0.03, but a negative EPS of $0.03 on a GAAP basis. Analysts were expecting a non-GAAP EPS of $0.01 on revenues of $748.76 million. Groupon managed to best expectations, but ... Read More »

Daily Deals Site Groupon Debuts A New App, Getaways, For Travel And Hotel Offers

Daily deals site Groupon says that travel is its fastest growing business category, and today it is launching a new mobile app that it hopes will help it capitalize on that more. Getaways by Groupon, a free app for iOS and Android, bypasses Groupon’s wider focus on local merchant deals to focus only on travel packages and hotels (25,000 offers listed right ... Read More »

Groupon Acquires In-Store Analytics And Marketing Startup Swarm Mobile

Groupon just announced that it has acquired Swarm Mobile, a startup that helps businesses connect with and track their customers while in stores. This continues Groupon’s pattern of expanding its offerings for local businesses beyond daily deals. Earlier this year, for example, it launched individual business pages and announced an iPad-based point-of-sale service. Meanwhile, Swarm (not to be confused with ... Read More »

Groupon Q4 Beats Street On Sales Of $925.4M, EPS Of $0.06, But Posts Weaker Outlook For Q1

Groupon, the daily deals platform that has been making an effort to widen its business into local commerce and more mobile services, appears to be turning is ship around. Today, the company posted Q4 earnings with a 20% rise in Q4 revenues to $925.4 million on non-GAAP EPS of $0.06 and GAAP EPS of $0.01 — results that handily beat analyst estimates. ... Read More »

Sources: Groupon India Has Picked Up $20M From Sequoia

Daily deals and local commerce service Groupon has made no secret of its plans to explore strategic options for its holdings in Asia, and it looks like it’s not just Ticket Monster that is on the block. TechCrunch has learned that Groupon is picking up outside investment for Groupon India, and Sequoia is leading the charge with a $20 million stake. From ... Read More »

Mozilla Alum Jay Sullivan Lands At Groupon As Its New Head Of Product

Jay Sullivan, once one of the more public faces of Firefox browser maker Mozilla and for a while its interim CEO, has surfaced again: he has joined local commerce and daily deals site Groupon as its SVP of consumer product, overseeing all tech products such as Groupon’s mobile apps and its website. He will be based out of Palo Alto and ... Read More »

Groupon Exits Sweden, Denmark, Norway And Finland In Ongoing Global Retreat

Yet more news of closures at Groupon, the daily deals and local commerce platform. TechCrunch has learned and confirmed that the company has ceased operations immediately in four more countries, all in Europe, where its business has been in decline: Sweden, Denmark, Norway and Finland. The news comes amid a difficult period at Groupon, which has laid off 1,100 employees, exited ... Read More »

Groupon Sells 46% Of Korea’s Ticket Monster To KKR Consortium For $360M

The long-running question mark over Groupon’s ownership of Ticket Monster has been resolved. Today the company announced that it is selling a controlling stake in the Korean online shopping platform to a consortium that includes Anchor Equity Partners, KKR and TMON management. The group is taking a 46% of the company for $360 million, valuing Ticket Monster at $782 million, assuming a full ... Read More »

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