Leading Coupon Website Launches Shopping Community to Connect Savvy Consumers
and Enhance the Online Shopping Experience
Melbourne, Australia – March 17, 2008 – RetailMeNot, the web’s leading consumer destination for online coupons, discounts and promotional codes for merchandise, travel and services, today announced the launch of the first social network for coupon-conscious shoppers: the RetailMeNot Shopping Community. RetailMeNot is community-driven, with the majority of the coupons and discount codes listed on the site being contributed by the three million shoppers who visit each month. The Shopping Community makes bargain hunting fun and offers this thriving user base an environment where they can connect and socialize with people who share their passion for discounts.
According to market research firm Hitwise, visits to social shopping sites grew eightfold in 2007 and increased 244% in February 2008 over February 2007. RetailMeNot seeks to establish itself as the first community for coupon-lovers in this growing market at a time when social networking has become a national pastime. The two leading social networks receive just under 100 million monthly visits between them and niche sites such as the RetailMeNot Shopping Community are expected to be the next chapter in this emerging market.
On the RetailMeNot Shopping Community, members can create profiles, build networks and connect with other savvy shoppers. Member benefits include:
• Make friends with similar shopping interests, favorite stores and brands;
• Get news on up-to-the-minute deals and exclusive shopping events;
• Post blog entries about shopping adventures and product experiences;
• Share photos of recent purchases, wishlist items and family and friends;
• Send and receive messages and comment on friends’ profiles; and
• Earn recognition for sharing discount codes and for commenting on coupons.
“Consumers are turning to vertical social networks to find communities of like-minded people who share the same interests and values,” says RetailMeNot co-founder, Guy King. “RetailMeNot is the first website to offer a network designed exclusively for coupon-conscious shoppers to interact with each other in a way that is fun, social and easy to use.”
About RetailMeNot
RetailMeNot is the web’s leading consumer destination for online coupons, discounts and promotional codes for merchandise, travel and services. RetailMeNot is an online community that posts, uses, recommends and ranks over 50,000 online discounts and promotions at more than 10,000 retailers, including Amazon, GameStop, Banana Republic, Macy’s, J.Crew, Target and Victoria’s Secret. RetailMeNot’s mission is to help consumers save money and enjoy a hassle-free discount shopping experience online. RetailMeNot, a division of Stateless Systems, is located in Melbourne, Australia.
www.RetailMeNot.com is a registered domain of Stateless Systems. All other domains, names and trademarks mentioned herein are property of their respective owners.
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