Groupon, which has lost 99.4% of its value since its IPO, names a new CEO

Re:Groupon, which has lost 99.4% of its value since its IPO,... by throwaway50601 on Friday March 31, 2023 @02:52PM (#35391590)

Let me provide some context - in the Czech Republic the local alternative Slevomat is hugely successful and the businesses do like using it, because it actually does bring them repeating customers.

Slevomat is actually larger by capitalization than Groupon.

[ Parent | on HN ]

Re:Groupon, which has lost 99.4% of its value since its IPO,... by ignite on Friday March 31, 2023 @04:38PM (#35393304)

What does Slevomat do differently, to generate repeat customers?

[ Parent | on HN ]

Re:Groupon, which has lost 99.4% of its value since its IPO,... by throwaway50601 on Friday March 31, 2023 @05:12PM (#35393736)

It doesn't offer discounts, it sells experiences. It's like a special promo, maybe with a little discount, but more importantly there's something special about it - something bundled, a gift, a theme, a story, maybe you meet someone unusual who teaches you or shows you something, or it's regarded as high-class...

The goal is not to get repeat customers going to your shop, but to sell more on Slevomat. It's like a platform for experiences. People use the vouchers as gifts for their close friends and family. If they liked the experience, they will reuse the idea as their own gifts.

[ Parent | on HN ]