Flash sale sites
Flash Sale Site Vente-Privee to Shutter U.S. Operations
The consolidation and contraction continue.
Why Groupon Is In Trouble and Flash Sale Sites Aren't Going Anywhere
You better start using those Groupons you picked up (or else start buying more) because the company is in some trouble. As of yesterday, the company's stock was down 54.9% since November, which is when it went public, according to WWD. While it seems like everyone I talk to is always crowing about the amazing Groupon deal they got, it turns out that the model is not so great for retailers. And in the long-term, flash sales sites--which have also faced issues--will have better longevity in the long haul because of their benefit to both retailers and shoppers. Here are the issues in a nutshell: