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My father wanted to divide his estate, but my sister took it all
What to do when a parent dies and leaves no will
Money mistakes to avoid after a spouse’s death

Green Giant faces uphill battle for millennial market

Many of us don’t even know which generation we’re in

Has Robert Redford gotten it wrong on retirement?

Stephen Colbert’s ‘Late Show’: Here’s what to expect

Hey, Twitter, is Jack Dorsey your CEO or what?

Tennis’s U.S. Open trots out grown-up ball people

What it’s like to play tennis with a ‘smart’ racket

Labor Day traffic will be the U.S.’s worst since 2008

Chinese Navy ships in U.S. territorial waters
Watch China’s 90-minute parade in 60 seconds
See photos of China's massive military parade
China markets close for war anniversary

Donald Trump stumbles during interview on foreign policy
Trump stumbles in interview on foreign policy
Trump signs Republican loyalty pledge
Carson and Trump: Their policy differences
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O’Malley maps out large-scale service program

Oops — Rick Perry says broken clock right once a day

Surf the 10 stories you shouldn’t have missed

Obscure trading strategy draws Wall Street’s ire

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Germany at fault in Europe’s refugee crisis
Immigration to Germany at highest since 1992
Chaos in Budapest as migrants rush trains
Father of drowned Syrian boy describes voyage

Six actors who were almost cast as James Bond

Facebook is most successful app, beating out Google, Apple
This is the most successful app ever


These are the college majors that are dying

They tangled with student debt all summer
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Markets »

61.14MDow Volume:
Avg Vol: 113.10M
Unchanged
184
Decliners
4684
Advancers
1643
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,042 -333 2.03%
Nasdaq
/quotes/zigman/12633936/realtime 4,662 -71 1.51%
S&P 500
/quotes/zigman/3870025/realtime 1,913 -38 1.97%
GlobalDow
/quotes/zigman/629063/realtime 2,277 -46 1.97%
Gold
/quotes/zigman/662444/delayed 1,121 -4 0.31%
Oil
/quotes/zigman/2331095/delayed 46.52 -0.23 0.49%
FTSE 100
/quotes/zigman/3173262/delayed 6,043 -151 2.44%
DAX
/quotes/zigman/2380246/delayed 10,038 -280 2.71%
CAC 40
/quotes/zigman/3173214/delayed 4,523 -131 2.81%
FTSE MIB
/quotes/zigman/1482176/delayed 21,473 -705 3.18%
IBEX 35
/quotes/zigman/2759620/delayed 9,822 -221 2.20%
Stoxx 600
/quotes/zigman/2380150/delayed 353 -9 2.52%
Asia Dow
/quotes/zigman/6959860/realtime 2,684 -29 1.06%
Nikkei 225
/quotes/zigman/5986735/delayed 17,792 -390 2.15%
Hang Seng
/quotes/zigman/2622475/delayed 20,841 -94 0.45%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,202 -563 2.18%
Singapore
/quotes/zigman/1709939/delayed 2,864 -43 1.47%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.25%
Yen
/quotes/zigman/16008150/realtime/sampled 118.92 -1.16 0.96%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 -0.01 0.48%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.69 -0.01 1.35%
DXY Index
/quotes/zigman/1652083/delayed 96.16 -0.24 0.25%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.90 +0.09 0.10%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.13 -0.04 1.63%
German 10y
/quotes/zigman/15866409/realtime 0.67 -0.05 7.51%
Italy 10yr
/quotes/zigman/15866497/realtime 1.88 -0.04 2.06%
Spain 10yr
/quotes/zigman/15866444/realtime 2.08 -0.03 1.41%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.72 -0.08 4.31%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 47 0 0.49%
Gold
/quotes/zigman/662444/delayed 1,121 -4 0.31%
Corn
/quotes/zigman/7599553/delayed 363 +1 0.28%
DJIA F
/quotes/zigman/38649152/delayed 16,032 -316 1.93%
S&P F
/quotes/zigman/30356461/delayed 1,911 -35 1.79%
Silver
/quotes/zigman/3134148/delayed 15 0 1.10%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.18 -0.97 -1.10%
AAPL /quotes/zigman/68270/composite 108.71 -1.66 -1.50%
GOOG /quotes/zigman/30194416/composite 599.01 -7.24 -1.19%
BAC /quotes/zigman/190927/composite 15.55 -0.39 -2.47%
C /quotes/zigman/5065548/composite 50.30 -1.49 -2.87%
F /quotes/zigman/264304/composite 13.46 -0.38 -2.75%
T /quotes/zigman/398198/composite 32.37 -0.67 -2.01%
BP /quotes/zigman/247026/composite 30.55 -1.86 -5.74%
GE /quotes/zigman/227468/composite 23.86 -0.66 -2.67%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Pay Dirt
A daily look at what we buy, how we spend, and the companies that do right - and wrong - by their customers.

Why Groupon Competitors are Bad for Customers

iStockphoto

As competition among daily deal sites heats up, the half-priced offers consumers have become used to seeing in their inbox each morning could soon start disappearing.

Practically unheard of two years ago, there are now more than 600 sites offering a daily rotation of limited-time deals at local businesses, usually with discounts of 50% or better. The battle is fierce enough, reports The Wall Street Journal, that industry leader Groupon has been steadily losing market share, from 52% nationwide in April to 48% in May. In Boston, one of its bigger markets, Groupon’s revenue per subscriber dropped from $20 in the second quarter of 2010, to $15 during the first quarter of 2011.

At first glance, more sites offering 50% discounts would seem to be a win for customers. But the bigger market has brought with it problems such as disreputable businesses that make it through the sites’ checks, and inflated prices to cover the steep discounts.

It’s the competition among all those sites for businesses that could lead to fewer good deals, says Utpal Dholakia, a marketing professor at Rice University. “My hunch is that the discounts consumers are getting right now, at 50% off, are temporary,” he says. “It doesn’t make sense to keep offering these huge deals.” His new study, “How Businesses Fare with Daily Deals,” found that 27% of businesses lose money running a daily deal promotion and another 18% broke even. Businesses also reported that most customers didn’t spend more than the deal value, and didn’t come back. As a result, 73% of businesses said they would consider a different deal site for their next promotion, especially if they were offered more favorable terms like a bigger cut of the revenue or the ability to restrict the deal. That might mean a lower discount or limitations on who can use the voucher (new customers only) and when (weekdays only), he says.

Pay Dirt readers, what’s your daily deal site of choice? Do you think deals are getting better, or worse?

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 8)

View all Comments »
    • As a single income household Groupon works for me.
      I actually got some good local deals through Groupon and i am able to take my child out to eat sometimes at a very cheap price. I also got a good deal on fun things for my child to do for his birthday that otherwise would have been out of the question because of the expense. I will check out Livingsocial,but so far i am a favorite of Groupon.

    • Sounds like insurance to me, just another scam.

    • I never heard of them. I get a blank when I look for local deals

    • We’ve run a locally-focused half-price deal site in our city for more than six months before Groupon appeared here. We share more of the profits with the businesses than Groupon does, we allow businesses to set the terms, and we stand behind our offerings 100%. Not to mention we have dozens more daily deals than Groupon does. I’d say that the “competition” you’re referring to need to be qualified, because Groupon itself has its own issues compared to some of the longer-running, locally-established deals sites.

    • They sell the coupons with a discount but require you to pay extra for the tip and the cost of the meals is inflated where you end up purchasing a meal and it is overpriced compared with other restaurants. I paid more than the lousy meal was worth and more than I would have paid at a legitimate restaurant.

About Pay Dirt

  • Pay Dirt examines the millions of consumer decisions Americans make every day: What to buy, how much to pay, whether to rave or complain. Lead written by Quentin Fottrell, the blog examines these interactions, providing readers with news, insight and tips on shopping, spending, customer service, and companies that do right – and wrong – by their customers. Send items, questions and comments to quentin.fottrell@dowjones.com or tweet @SMPayDirt.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
When do markets close for Labor Day?
U.S. details ‘flash crash’ case vs. U.K. trader
$46 million asking-price cut for megamansion
44 million tried Apple Music in its first month


My father wanted to divide his estate, but my sister took it all
What to do when a parent dies and leaves no will
Money mistakes to avoid after a spouse’s death

Green Giant faces uphill battle for millennial market

Many of us don’t even know which generation we’re in

Has Robert Redford gotten it wrong on retirement?

Stephen Colbert’s ‘Late Show’: Here’s what to expect

Hey, Twitter, is Jack Dorsey your CEO or what?

Tennis’s U.S. Open trots out grown-up ball people

What it’s like to play tennis with a ‘smart’ racket

Labor Day traffic will be the U.S.’s worst since 2008

Chinese Navy ships in U.S. territorial waters
Watch China’s 90-minute parade in 60 seconds
See photos of China's massive military parade
China markets close for war anniversary

Donald Trump stumbles during interview on foreign policy
Trump stumbles in interview on foreign policy
Trump signs Republican loyalty pledge
Carson and Trump: Their policy differences
Trump as president: Bound to be GREAT!
Businessmen have done poorly as presidents

O’Malley maps out large-scale service program

Oops — Rick Perry says broken clock right once a day

Surf the 10 stories you shouldn’t have missed

Obscure trading strategy draws Wall Street’s ire

How the concept of BRIC investing went bust

Germany at fault in Europe’s refugee crisis
Immigration to Germany at highest since 1992
Chaos in Budapest as migrants rush trains
Father of drowned Syrian boy describes voyage

Six actors who were almost cast as James Bond

Facebook is most successful app, beating out Google, Apple
This is the most successful app ever


These are the college majors that are dying

They tangled with student debt all summer
College help for low-income families

/conga/frontpage.html 354208

Markets »

61.14MDow Volume:
Avg Vol: 113.10M
Unchanged
182
Decliners
4688
Advancers
1640
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,043 -332 2.03%
Nasdaq
/quotes/zigman/12633936/realtime 4,662 -71 1.50%
S&P 500
/quotes/zigman/3870025/realtime 1,913 -38 1.96%
GlobalDow
/quotes/zigman/629063/realtime 2,277 -46 1.98%
Gold
/quotes/zigman/662444/delayed 1,121 -4 0.31%
Oil
/quotes/zigman/2331095/delayed 46.49 -0.26 0.56%
FTSE 100
/quotes/zigman/3173262/delayed 6,043 -151 2.44%
DAX
/quotes/zigman/2380246/delayed 10,038 -280 2.71%
CAC 40
/quotes/zigman/3173214/delayed 4,523 -131 2.81%
FTSE MIB
/quotes/zigman/1482176/delayed 21,473 -705 3.18%
IBEX 35
/quotes/zigman/2759620/delayed 9,822 -221 2.20%
Stoxx 600
/quotes/zigman/2380150/delayed 353 -9 2.52%
Asia Dow
/quotes/zigman/6959860/realtime 2,684 -29 1.06%
Nikkei 225
/quotes/zigman/5986735/delayed 17,792 -390 2.15%
Hang Seng
/quotes/zigman/2622475/delayed 20,841 -94 0.45%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,202 -563 2.18%
Singapore
/quotes/zigman/1709939/delayed 2,864 -43 1.47%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 +0.00 0.23%
Yen
/quotes/zigman/16008150/realtime/sampled 118.92 -1.16 0.96%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 -0.01 0.48%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.69 -0.01 1.35%
DXY Index
/quotes/zigman/1652083/delayed 96.15 -0.25 0.26%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.90 +0.09 0.10%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.13 -0.04 1.63%
German 10y
/quotes/zigman/15866409/realtime 0.67 -0.05 7.51%
Italy 10yr
/quotes/zigman/15866497/realtime 1.88 -0.04 2.06%
Spain 10yr
/quotes/zigman/15866444/realtime 2.08 -0.03 1.41%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.72 -0.08 4.31%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 46 0 0.56%
Gold
/quotes/zigman/662444/delayed 1,121 -4 0.31%
Corn
/quotes/zigman/7599553/delayed 363 +1 0.28%
DJIA F
/quotes/zigman/38649152/delayed 16,032 -316 1.93%
S&P F
/quotes/zigman/30356461/delayed 1,911 -35 1.79%
Silver
/quotes/zigman/3134148/delayed 15 0 1.10%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.21 -0.94 -1.06%
AAPL /quotes/zigman/68270/composite 108.73 -1.64 -1.49%
GOOG /quotes/zigman/30194416/composite 599.29 -6.96 -1.15%
BAC /quotes/zigman/190927/composite 15.54 -0.40 -2.48%
C /quotes/zigman/5065548/composite 50.30 -1.49 -2.87%
F /quotes/zigman/264304/composite 13.46 -0.38 -2.75%
T /quotes/zigman/398198/composite 32.38 -0.66 -2.00%
BP /quotes/zigman/247026/composite 30.56 -1.86 -5.72%
GE /quotes/zigman/227468/composite 23.87 -0.65 -2.63%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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