Daily-Deal Sites Stand to Get $100 Million in Holiday Gift Sales
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Groupon Inc., LivingSocial.com and other daily-deal sites are vying for as much as $100 million in online-coupon sales this holiday season as shoppers look to the Web for discounted gifts.
U.S. consumers will spend $80 million to $100 million on daily-deal gifts between Thanksgiving and Christmas, estimates the website Yipit, which aggregates offers from a range of companies. The amount is up from $15 million to $20 million during the same period a year ago, Yipit said.