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Jul 14, 2010
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Jun 30, 2010

Groupon phenomenon bad for business?

CHICAGO (Reuters) – Shopkeeper Greg O’Neill has personally used popular Web discounting service Groupon for deals on local Chicago eateries, but chooses not to for his own business.

Despite the huge success Groupon has enjoyed since launching three years ago – the company has sold more than 6 million coupon-type deals for various businesses, according to their website – O’Neill, who runs three upscale Chicago wine-and-cheese shops, decided it wasn’t the right avenue to boost sales.

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      "Deborah Cohen writes a weekly column on small business for Small business coverage is a big change for Deborah, a former staff writer with Reuters, Crain’s Chicago Business, Bloomberg News and the Post-Tribune in Gary, Ind., whose prior beats focused on large public companies in the fast-food, telecommunications and advertising industries. She has written for Business Week's Chicago edition, the American Bar Association's ABA Journal, Indianapolis Monthly magazine, QSR magazine, Forward magazine, and Bloomberg magazine, among other publications."
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