From Bloomberg | In an interview with Bloomberg TV, Andrew Mason, chief executive officer of Groupon Inc., discussed his company’s business strategy and the prospects for an initial public offering, as well as possible partnerships with media companies — “something where they can maybe replace one of their traditional boring display ads [on the web] with a Groupon that’s relevant to their users.”
Inside these posts: Online shopping
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Amazon purchases deal-a-day Web site Woot
Amazon.com has purchased deal-a-day website Woot.com. Woot says on its company blog that it agreed to be acquired by the online retailer. Woot started out in 2004 as a site that sold one heavily discounted item every day — usually consumer electronics.
J.C. Penney stepping up e-tailing push
J.C. Penney Co. (JCP) plans to grow its online sales by at least $1 billion in the next few years as the retailer restructures itself into a digital marketplace.
While the company isn’t giving up its roots as an operator of brick-and-mortar stores, J.C. Penney’s undertaking involves traditional online efforts, tie-ins with mobile devices, social-networking websites and structuring the more traditional stores as virtual shops. Get the full story »
