LiveDeal, Inc. Entering Retail Sales Space With Expansion of Deal Platform
NEW YORK, NY -- (Marketwired) -- 04/29/14 -- LiveDeal, Inc. (NASDAQ:
LIVE) which operates www.livedeal.com, a unique real-time
online/mobile deal engine in the $660 billion dining industry, is
about to stretch its legs and expand the company's deal platform into
the retail sales industry. LiveDeal announced this week that it will
be expanding its platform to now include products and services.
Anyone who has followed Groupon at all knows this is where the deal
giant makes the bulk of its revenues, and one can only surmise that
LiveDeal, too, will enjoy a dramatic increase in revenue growth with
LiveDeal currently offers instant restaurant deals in more than 20
major US cities, and the company's expansion into the sale of
products and services should exponentially widen its audience in and
beyond its current cities. Additionally, the new offering should help
boost user traffic and user acquisition.
Earlier this year, Groupon announced its Goods division sold $1.137
billion in 2013, up 150% compared with 2012. Groupon Goods accounted
for 53.8% of the company's revenue in the fourth quarter of 2013
alone, and the company attributes this to holiday shoppers looking
for easy to find and acquire gifts online.
In this week's release, LiveDeal said by expanding the
www.livedeal.com platform it will now provide retail goods that
include products in the areas of fashion and jewelry, health and
beauty, electronics, home, and even children's products.
A move into the retail market is just one of the sectors of expansion
that LiveDeal's platform is ideally suited for and that many expected
to eventually see when the company launched www.livedeal.com in Q4
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written based upon publicly available information. LiveDeal hasn't
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