CHICAGO--(BUSINESS WIRE)--Select Groupon (NASDAQ: GRPN) (http://www.groupon.com) subscribers in Baltimore, Kansas City and Philadelphia received an invitation-only email today to try out a complimentary three-month membership of Groupon VIP, a subscription-based loyalty program. Groupon VIP is currently being tested in select markets and allows members early access to deals, the ability to purchase closed deals and anytime-refund capabilities.
A must-have for frequent Groupon users, Groupon VIP provides members early access to deals beginning at noon the day before they’re scheduled to run. As Groupon deals can sometimes sell out and early appointment times may fill up quickly, VIP allows members first dibs on purchases and preferred appointments. The premium service also gives participants access to Groupon’s Deal Vault of closed deals – deals no longer available to regular Groupon subscribers.
Additionally, there’s relief for those who have purchased a deal that’s about to expire, moved to a new neighborhood or got dumped before a big date; VIP’s return policy allows one-click, anytime exchanges for purchases made as a member of the program in the form of Groupon Bucks, which are credits that can be used towards the purchase of additional Groupons.
“We’re continually innovating to improve the Groupon customer experience,” said Jeff Holden, Senior Vice President of Product Development at Groupon. “For VIP, we asked our customers ‘If you could wave a magic wand and change Groupon in any way, what would you ask for?’ The three main features of VIP were at the top of the list: early access to deals, ability to purchase closed deals and anytime-refunds.”
Groupon began testing VIP in February 2012 in select markets with plans to roll out the program nationwide.
Membership in the program costs $29.99 per year after a free three-month trial period, and customers can add their name to a waiting list (http://www.groupon.com/vip) to be notified when it is available in their area.
About Groupon
Groupon (NASDAQ: GRPN), launched in November 2008 in Chicago, features a daily deal on the best stuff to do, eat, see and buy in 48 countries around the world. Groupon uses collective buying power to offer huge discounts and provide a win-win for businesses and consumers, delivering more than 1,000 daily deals globally. To subscribe for the best deals in your city, visit http://www.groupon.com. To learn how to become a featured business, visit http://www.grouponworks.com.
Forward-Looking Statements
This announcement contains forward-looking statements that involve risks and uncertainties, and actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the factors included under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the company’s registration statement on Form S-1, as amended, filed with the Securities and Exchange Commission on November 1, 2011, copies of which may be obtained by visiting the company’s Investor Relations web site at http://investor.groupon.com or the SEC’s web site at www.sec.gov. Groupon’s actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of future performance.
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