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This is Aarn Farmer with Grocery Shop for FREE at The Mart and this is the Frugal News that caught my attention today
Coupons.com Announces Printable Coupons are Dying, then Makes Huge Investment in Printable Coupons
Let’s talk about Coupons.com because they have had a few very interesting days. 2 days ago Coupons.com executives effectively announced the end of the printable coupon. They said that 90% of coupons used were clipped from the newspaper and the future was digital, paperless coupons. That’s funny, you’ve been telling us for years that it was newspaper coupons that were going away because nobody bought papers but now those newspapers account for 90% of total coupon usage? That’s a big chunk!
Now here’s where the story gets interesting. Coupons.com announced a quarterly loss and downgraded it’s future projections which caused the stock price to tank. It fell 25% to an all time low of $10.75, which is about a third of where it started last spring..
Why is that interesting? Because of the story that was released today. Coupons.com released a major upgrade of its Android app allowing us Android users to print coupons directly from our phones to a wireless printer. I have a wireless printer and I can tell you that it is pretty easy to use as long as you have a compatible printer.
Now here is a quote from Coupons in the News. “companies pay Coupons.com per transaction, which is defined as a coupon print – not a coupon that’s actually used. Coupons.com earns an average of 10 cents per transaction. So if, say, a million Android users now print a few coupons per day via the app, that amounts to several hundred thousand dollars a day in added revenue for Coupons.com.”
That’s a lot of added revenue for an app upgrade. That’s also the kind of thing investors would have probably liked to know before they sold off all their stock and a huge loss the day before, Kind of makes you wonder who bought all that cheap stock because it sounds like they may have gotten a sweatheart of a deal. I’m not a lawyer nor the son of a lawyer but if it turns out that someone from Coupons.com benefited from this insider info before the app upgrade was announced, someone may be in a whole heap of trouble.
Walmart Announces $340 Million Expansion into Canada
Our next story. Do you remember a few months ago when it was announced that Target would be shutting down all of it’s stores in Canada? Well guess what? Walmart announced today it was investing 340 Million in Canada to open 29 new stores. Will Walmart succeed where Target fail? Time will tell.
On the Blog
And Finally our Story of the Day and it is a local one.
Walmart files a Federal lawsuit to be able to sell Hard Liquor in Texas
Here in Texas we have an odd little law on the books that says that no publically traded company can sell hard liquor. Walmart and Sam’s Club is Texas’ largest seller of wine and beer but if we want to grab a bottle of Maker’s Mark, we have to go to a separate Liquor store. Walmart does say that if they win the suit they won’t sell hard liquor alongside the other alcohol, hey will build smaller “sub-stores” near their existing locations to handle those sales.
Here’s your Question of the Day
Should Walmart be allowed to sell hard liquor and spirits or is that best kept separate and at least marginally more difficult to get to.
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