Retail News

Groupon getting out of selling products after posting another loss

The Verge 02/19/2020

Groupon is going back to selling experiences at third-party locations and getting out of the business of selling products directly to consumers after posting another annual loss. “We believe our plan to exit goods will allow us to dedicate the focus and resources necessary to build a winning position as the purchase of experiences continues to migrate online,” said Groupon CEO Rich Williams.

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