Travelzoo CEO Chris Loughlin, Bashes Daily Deal Industry Dynamics, Overview of the Daily Deal Summit: e-commerce’s Finest go to the Big Apple

Daily Deal Media News Daily Deal News for April 20th, 2012 Travelzoo CEO Chris Loughlin, Bashes Daily Deal Industry Dynamics Overview of the Daily Deal Summit: e-commerce’s Finest go to the Big Apple Making the Deal Model Work: Targeting, Tracking and Deals 2.0 Breaking News – Travelzoo (TZOO) Misses Revenue Numbers Yahoo!7 Halts Spreets Performance Payments due to Slowdown in Daily Dealing Signpost Improves Analytics for Small Businesses SignatureLink Inks Deal with Magento to Bolster Fight Against ‘Friendly Fraud’ eBay’s Big Earnings Provide Insight to The State of eCommerce Today Trubates Closes Leaving Angry Merchants and Customers Empty Handed New Chrome Extension to Serve up Google Offers DealsJoy Gives Merchants the Power to Market Deals Through Facebook Are Daily Deals Making The World a Healthier Place? Travelzoo CEO Chris Loughlin, Bashes Daily Deal Industry Dynamics Travelzoo’s Release of the Company’s Q1 2012 Earning Results in CEO Chris Loughlin Pointing the Finger at Daily Deal site Industry Practices As Travelzoo released their quarterly results this week, CEO Chris Loughlin, came down hard on the deal industry essentially blaming daily deal sites, which he clarifies that Travelzoo technically is not, for unsustainable practices obstructing the advancement of others in the space. In discussion of the company’s Q1 2012 results, Loughlin stated that the industry at large is “hindered in the short term by industry dynamics.” Furthermore, Loughlin stresses Travelzoo is “the only company (within the deal arena) which is serious about making profits,” of which he explained the company’s long term goals will be met and profits will be obtained as previously predicted.  Travelzoo’s Q1 2012 Earnings Loughlin’s blunt accusations, come on the tail of recent mass-publicized sales rumors although no official statement has been made either confirming or denying these claims. All in all Travelzoo’s earnings released this week were ... Overview of the Daily Deal Summit: e-commerce's Finest go to the Big Apple The Daily Deal Media team had a fantastic time at the Daily Deal Summit Tuesday and Wednesday of this week. The conference was host to representatives from every aspect of the daily deal and e-commerce industry: Deal sites, Merchant Services, Investors, White Labels, Consultants, CEOs, Start-ups and many more. You can see the entire list of speakers here. Some of the highlights from the first day included panels about the state of the industry, email marketing and retention, the rise and public offering of Groupon, traditional media’s foray into the deals space, card-linked offers and an in depth look at the importance of making the deal model work for all three aspects of the deal: Merchant, customer and deal company. Image: Marc Maxwell of GMA, Marina Glogovac of Dealfind, Boyan Josic of DDM Making the Deal Model Work: Targeting, Tracking and Deals 2.0 Daily Deal Summit East Panel Review DDS Panel Topic:  ”Making The Deal Model Work” Moderator: Jess Swain, Director, Brand and Strategy, ShopLately.com Panelists:  Marc Caltabiano, VP, Products & Marketing, Cartera Commerce  Dave Gilbertson, VP & GM, SaveLocal from Constant Contact  Dave Wachtendonk, Product Manager, SaveLocal from Constant Contact  Mo Yehia, Co-founder, Sqoot What is not working in the industry?  One major problem, is that control, and “we do not have it.” Industry players must scale their portion of the deal model right for each type of merchant. A one-size-fits-all model does not apply anymore, if it ever did at all. Additionally, better tracking of what works and doesn’t will help to combat this issue. Currently, the only measurability is “Did you buy a voucher?” Thus, customer purchases of the voucher alone are monitored, as they must be. However there is still basically no measurability for merchants. Word of mouth has traditionally been a business’s best source of revenue. When we ask how they track it, people just “give you a blank stare”… is that their tracking? Do they know that Daily Deal Discounts end up trending around an average of 40%? ... Daily Deal Media LLC 700 Tower Dr Suite 500, Troy MI 48098 Direct: (248)247-3580 Email: info@dailydealmedia.com Web: http://dailydealmedia.com Be a fan on Facebook Follow us on Twitter RSS Feed

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