Why Read This
Skepticism is the watchword across Europe as eBusiness executives consider engaging with daily deals sites such as Groupon and Living Social. Concerns about brand damage and sales cannibalization are paramount among eBusiness executives' fears. Many of them are looking into alternate approaches to manage overstock or end-of-season lines — operating a permanent sale section of their website or managing their own flash sales to attract new buyers to their brand. European eBusiness executives should be wary of the reach and scale of potential daily deals partners and should be conscious that daily deal use is far from a mainstream activity across Europe.