Daily Deals market and Groupon grow revenue in US
According to research, the US daily deal marketplace grew in August, as the revenue of marker leader Groupon, despite negative reports that the company had experienced a 50% decline in its website traffic.
Research carried out by YipIt, claimed that Groupon grew its revenue by 13% in August to $120.7m from $106m the previous month, making over 30,000 daily deals offers that month.
In contract, competitor LivingSocial saw its revenues decline in the US for a second month in a row, with revenue of $45.1m in August, a decline of 3% from July.
The daily deal industry as a whole grew by 9% last month to £228m.