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Because initial deal sites had little to no relationships established with local merchants, and no way to gauge local supply and demand, many merchants were left struggling with either huge spikes in demand at extreme discounts or times with little demand when it was needed most.
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It is no wonder merchants are feeling frustration and anger that their stores are being considered as little more than showrooms by some shoppers -- showrooms displaying merchandise that, if the people wandering the aisles go home and buy from an online vendor, will provide not a cent in revenue to the owner of the real store.
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"As merchants, no one understands our customers' shopping and payment experience better than we do, and we're confident that together we can develop a technology solution that makes that experience more engaging, convenient and efficient, " said Mark Williams, president of financial services, Best Buy.
ENGADGET: Best Buy, Walmart, Target, more join forces for MCX mobile payment, deals provider