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Thursday, Dec 13
2012, 4:03 PM
Groupon (GRPN +5%) closes higher after Bloomberg takes a look at its upcoming DealAdvisor...
Groupon (GRPN +5%) closes higher after Bloomberg takes a look at its upcoming DealAdvisor platform. DealAdvisor will let merchants to arrange fixed-period sales on Groupon's site, relying on software to help determine pricing, volume, and (with the help of Groupon's warehouses) distribution. Groupon is hoping DealAdvisor strengthens its Groupon Goods e-commerce business, which is growing quickly as daily deals sales falter, and furthers its efforts to morph into a broader provider of local commerce solutions.