Groupon, which made its name selling daily deals at a huge markdown, is planning to purchase warehouses where it would store an array of full-price goods. The move, reported by the Wall Street Journal , puts Groupon up against Amazon, a company renowned for its expansive and efficient inventory management.
The shift from flash sales and daily deals to full-price goods has prompted other companies to transform what had been web-only businesses into brick and mortar operations. Instead of selling overstock items, Fab began building out its own supply of full-price items last year. Along with this move, CEO Jason Goldberg announced the company was creating physical retail stores. By April of this year he announced that less than 40 percent o...
via The Verge - All Posts http://www.theverge.com/2013/8/27/4665116/groupon-follows-fab-into-the-full-price-e-commerce-business-dominated
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