Find in the news:
BY COUNTRY

Groupon Stops Selling Goods, only Experiences



The discount service will no longer sell staff, only experiences.
Groupon

Groupon has recognized its defeat in the market of retail sales of goods and plans to abandon this direction by the end of 2020 completely. 

According to the company itself, the retail market is too saturated, and Groupon has no chance to outperform its competitors. Therefore, physical products such as toys, clothes, accessories, etc. won't be sold through the service. The company plans to close its product business in the U.S. by the third quarter of 2020, and by the end of the year, this area will be halted on a global scale. 

Now Groupon has officially announced its intention to concentrate all its efforts on selling experiences entirely. Buyers will be able to buy discounts on various ideas, such as dancing lessons, unusual sports, visiting a SPA-salon, etc. 

In turn, the direction of this sale is promising, because it is becoming more and more popular with customers around the world. The trend to buy and give experiences is actively conquering more and more new countries. According to experts, this market valued over $1 trillion. And Groupon currently occupies less than 1% of it, which is too small a figure for such a significant player.

The decision was also facilitated by summing up the financial results of the fourth quarter of 2019. According to them, revenues from the commodity business fell by 32%, which affected the decline in this indicator for the entire company by 23%. At the same time, there was an annual increase in net income to $77 million, compared to $46.2 million last year. But this figure was still lower than previously predicted.  

More about shopping malls in the USA



Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
Friend
and Follow
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
South Coast Plaza GLA:2 800 000 SF
ADDRESS: 3333 Bristol St, Costa Mesa, CA 92626
USA . Los Angeles
South Coast Plaza
Greenwood Park Mall GLA:1 164 000 SF
ADDRESS: 1251 US Highway 31 N, Greenwood, IN 46142-4514
USA . Greenwood
Greenwood Park Mall


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us