Wednesday, June 29, 2011

Groupon moves aggressively into hyperlocal

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June 29, 2011
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  Online Retail Trends 
 
  • Shoppers cut back on store trips and head online
    Retail sales rose slightly last month, but shoppers are making fewer store visits and going online more often to research products and find the best deals before they buy, according to Kantar Research, which found that average monthly store visits fell to 11 from 15 in 2007. At a conference last week, experts urged merchants to incorporate online and mobile into the in-store experience to keep customers coming back. St. Petersburg Times (Fla.) (6/28) LinkedInFacebookTwitterEmail this Story
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  New Media & Technology 
 
  • Groupon moves aggressively into hyperlocal
    Groupon's hyperlocal service is available in 14 cities as the company accelerates its move into mobile ahead of an initial public offering. GrouponNow competes with LivingSocial's InstantDeals and Google Offers, which was launched this month and will soon be paired with location-based Google Wallet. "For Groupon, a large part of their success so far has been recognition that market share is a land grab," said social media analyst Lou Kerner. Groupon is applying the same strategy to its push into mobile. ChicagoBusiness.com (6/27) LinkedInFacebookTwitterEmail this Story
  • Survey: Half of Canadians would opt for digital wallets
    About 56% of Canadian consumers say they would happily give up using cash in the future in favor of using only mobile payments to make a purchase, according to a new survey done for PayPal. Additionally, about one-third said they would rather carry a mobile device than a pocketful of change and 36% reported that they would use digital wallets to pay for everything from a latte to an iPod. Marketnews Magazine (Toronto) (6/28) LinkedInFacebookTwitterEmail this Story
 
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  Companies in the News 
 
  • Google beta tests new social network
    Google is testing social network Google+, a service that differs from Facebook in several ways. Among other things, users will have the ability to create discreet "circles" of friends or like-minded people, thus separating, for instance, their professional and personal lives. It's unclear how advertising will work on Google+, but a "+1" option that allows users to "like" ads will help Google gather key data. Advertising Age (tiered subscription model) (6/28) LinkedInFacebookTwitterEmail this Story
  • Amazon ad network links consumers' data and sites they visit
    Amazon is launching an ad network that leverages data the company collects on customers and other sites they visit. Amazon buys up ad inventory on those sites and sells it at a premium to marketers, who benefit from knowing that certain types of consumers more likely are to see their ads on specified sites. All Things D (6/28) LinkedInFacebookTwitterEmail this Story
  • Wal-Mart plans to create e-commerce headquarters in Shanghai
    Wal-Mart Stores reached an agreement with the Shanghai government to open an office in the city to oversee e-commerce growth in China. The retailer also plans to help train Chinese workers for e-commerce jobs. Wal-Mart, which has operated stores in China for 15 years, said last month that it had acquired a minority stake in Chinese online retailer Yihaodian. InternetRetailer.com (6/28) LinkedInFacebookTwitterEmail this Story
 
  • Other News
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  Interactive Advertising 
  • Foursquare users get travel tips courtesy of Ritz-Carlton concierges
    Ritz-Carlton is using Foursquare to share travel tips from the company's concierges with guests and other users. The application is not intended to replace the concierge, but Foursquare "heightens awareness of the richness of the information they have, making it more attractive and making customers want to communicate and spend time with them," said Chris Gabaldon, the hotel chain's chief marketing officer. Mashable (6/27) LinkedInFacebookTwitterEmail this Story
  • Report: Location-based ads are on growth track
    Location-based mobile ads in four years will reach $6.2 billion, compared with $598 million last year, and account for 60% of all sales in the location-based segment, Pyramid Research has found. By 2015, location-based ads also will be responsible for more than one in three ad dollars spent on mobile. Local search will be "the most important driver" of location-based ad revenues, said Pyramid Research analyst Jan ten Sythoff. MediaPost Communications/MediaDailyNews (6/27) LinkedInFacebookTwitterEmail this Story
  Shop.org Spotlight 
 
  • Shop.org now accepting white paper submissions
    Has your company recently published a white paper, case study, benchmarking report, or other original document that serves to educate or support aspects of the e-commerce industry? Shop.org members can submit original materials now for others in the industry to benefit from. Learn more. LinkedInFacebookTwitterEmail this Story

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  SmartQuote 
The arts are an even better barometer of what is happening in our world than the stock market or the debates in Congress."
--Hendrik Willem van Loon,
Dutch-born American historian and journalist


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