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Agent Red
Santa Rosa, California
Cofounder of The Wine Spies, LLC, a one-exceptional-wine-per-day online retailer
Recent Activity
There are sustainable flash retail models out there, but I am not convinced that Groupon has one. I cofounded a successful, niche-focused, offer-a-day retailer, that has seen only growth - since our inception more than 4 years ago. I have seen other niche flash retailers find great success, as well. If I am Groupon profile customer, though, I can't see that they can continue to flourish. Their offers have become increasingly dull, and participating retailers that I have spoken with are not seeing the sort of ROI that has been promised. Customer acquisition seems to be losing out to bargain-hunters that are seeking the next fun restaurant or merchant to visit. In order for Groupon to succeed, past this exciting honeymoon phase, they need to create far more value for retailers and consumers.
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Dec 21, 2010