Business Services Industry
Cyber-coupon Web site lets shoppers surf for savings. (Internet coupon distributor CoolSavings Inc.)
Crain's Chicago Business, June, 1998 by Rewick, C.J.
Bargain hunting is as much an American pastime as watching the Chicago Bulls in the NBA Finals. Daily newspapers are filled with sale ads and Sunday editions are stuffed with glossy value packs. But the coupon market is also burgeoning on the Internet, and Chicago-based virtual coupon distributor Cool-Savings Inc.
is leading the way. The company boasts more than 900,000 shoppers, a list of national retailers that includes marquee names such as the Chicago area's Sears, Roebuck and Co., United Airlines and McDonald's Corp. and projected 1998 sales of $5.5 million. The principals, who expect to turn a profit next year, say they will announce the sale this summer of a minority stake to a strategic partner in the online promotions business. They also have visions of...
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