Popular daily-deal sites, such as Groupon and LivingSocial, work with businesses to offer group discounts for shoppers. But a new site called oBaz, which launches Tuesday, wants to reverse the model by enabling shoppers to ask for what they want.
Research shows that what our parents teach us about money lays an important foundation for our future financial fitness, and the anecdotal evidence is just as strong. So if you're a rainy-day saver or a coupon clipper, you probably have mom to thank.
While news that Groupon has rebuffed Google's $6 billion offer has stolen the limelight, Amazon's $175 million investment in LivingSocial could end up shaking up the daily-deal business and helping the No. 2 e-coupon company gain ground against Groupon.
As retailers wrapped up their earnings reports this week, most said they're back in cost-control mode and will tighten inventories after the holidays. Shoppers are still spending cautiously and costs are on the rise, so profits will have to be squeezed out of slowly rising sales.
