Twitter
Facebook
Linked In
RSS
Login or Register
New to InternetRetailing?
Register Now
Internet Retailing
You are in: > Home > Themes > Industry

This is your 1 complimentary article for this month

Become a member for unlimited and immediate access.


Register
Already a member? Log in here

Groupon reports profitable growth but says European markets are 'challenging'

Linked InTwitterFacebookeCard
Groupon reports profitable growth but says European markets are 'challenging'
Groupon reports profitable growth but says European markets are 'challenging'

Groupon has announced a 45% rise in sales, but says European markets are "challenging".

The daily deals website, which enables retailers to offer deals through its emails in return for a share of the profits, last night reported net income of $28.4m (£18.1m) in the second quarter of its financial year, up from losses of $107.4m at the same time last year. At the same time sales were up by 45% in the quarter to June 30 to $568.3m, from $392.6m last time.

"We had a solid quarter despite challenges in Europe and continued investment in technology and infrastructure," said Andrew Mason, CEO of Groupon. "We've deepened our relationships with a growing base of merchants and customers worldwide, demonstrating progress as we work to unlock the opportunity in local commerce."

Linked InTwitterFacebookeCard
Add New Comment
LoginRegister

Become a Member

Create your own public-facing profile
Gain access to all Top500 research
Personalise your experience on IR.net
Internet Retailing
We are the magazine, portal and research source for European ecommerce and multichannel retail, hosting the board-level conversation for retailers, pureplays and brands across all of our platforms. Join the conversation.

© InternetRetailing Media

Latest Tweet

Internet Retailing
Tamebay
eDelivery
Twitter
Facebook
Linked In
Youtube
RSS
RSS
Youtube
Google
Linked In
Facebook
Twitter