Boston, MA, 03/25/2014 (usastockreports) – Groupon Inc. (NASDAQ:GRPN) struggles in the market after filling for its initial public offering continue to ravage on, as investors also maintain a bearish look on the company’s stock. The company continues struggle mainly as a result of a shift from inventory deals that expire to those that are perpetually in the market. The transition is expected to continue for some quarters and could precipitate further slump in the market.
What the Future Holds for Groupon
Analysts at Deutsche bank are of the opinion that Groupon is set to experience a 0% growth in organic billings this year especially after the top management maintained a cautious tone during the recent financial result posting. North America and Europe markets are expected to accelerate organic billings growth in the year something that should have an effect on the company’s stock.
Groupon Inc. (NASDAQ:GRPN) expects new products like Genome to increase its merchant satisfaction that is currently higher compared to that of its peers, as the company strives to increase its base. Groupons’ core enthusiast customers are still going strong on the company, something that has caused the company’s same day redemption to rise by over 100% over the past year.
Groupon Partners with SF Marin Food
Groupon has partnered with SF-Marin Food Bank, launching a one meal campaign that will run from March 19 to April 1. Under the terms of the partnership, Groupon will donate one meal to SF-Marin Food Bank every time a subscriber purchases a Groupon.
To participate in the charity one will only need to visit the company’s website, choose any of the San Francisco and Marin Food and drink Offerings listed and simply purchase a deal. Groupon will subsequently donate the cost of the meal to SF-Marin Food Banks
Groupon Inc. (NASDAQ:GRPN)’s stock continue to be bearish in the market plummeting by a high of 2.29% on Monday trading session to open the week at a low of $8.10.