Groupon Launches in St. Louis

ST. LOUIS--(BUSINESS WIRE)--Groupon (http://www.groupon.com) — a shopping website that offers a daily deal on the best local goods, services, and cultural events — launched in St. Louis on October 26, 2009.

“We offer the consumer a great deal they can’t get anywhere else and deliver the sales directly to the merchant.”

“Between being among the country’s best sports cities and the incredible revitalization of its downtown area, St. Louis hosts a ton of new businesses,” said Groupon founder Andrew Mason. “Groupon will introduce these businesses to thousands of new customers — and save those customers money in the process.”

Using the principles of collective buying, Groupon negotiates unprecedented deals with top businesses. Groupon subscribers receive free daily emails alerting them to the deal. These deals are only activated if a minimum number of people agree to buy, encouraging subscribers to share the deal with family and friends via social media tools such as Facebook and Twitter. By guaranteeing a large number of new customers, Groupon creates a win-win for local merchants. So far, this innovative approach to e-commerce has generated millions in revenue for local businesses while saving its one million subscribers more than $26 million.

“Groupon brings buyers and sellers together in a fun and collaborative way,” said Mason. “We offer the consumer a great deal they can’t get anywhere else and deliver the sales directly to the merchant.”

During its first week in St. Louis, Groupon’s featured businesses will include the city's most photographed restaurant, a yoga studio, a bowling alley, and an auto wash and waxing service. St. Louis is Groupon’s twenty-third city.

About Groupon

Groupon, launched in November 2008 in Chicago, features a daily deal on the best stuff to do, eat, see, and buy in major cities across the U.S., with plans to be in at least 30 cities by the end of 2009. Groupon uses collective buying power to offer unbeatable prices and provide a win-win for businesses and consumers. Groupon is a project of The Point (http://www.thepoint.com), an online community launched in 2007 for organizing group action. For more information, visit http://www.groupon.com.

To get Groupon’s daily free email for the best in your city, subscribe at http://www.groupon.com.

To learn more on how to become a featured business on Groupon, visit http://www.grouponworks.com.