WHOLE FOODS MARKET – DISCOUNTS FOR A GOOD CAUSE

Whole Foods Market, a US retailer specializing in natural and organic products, recently partnered with the LivingSocial website to offer a special promotion of one million discount coupons worth 50% off. The initiative was very well received by users of the group purchase platform, which features a wide range of deals to consumers throughout the world. Brilliant.

With every $10 purchase, consumers received $20 in store coupons while the retailer also donated 50¢ to the Whole Kids Foundation. Consumers could enjoy savings while contributing to a good cause devoted to fighting childhood obesity. It was the first time a national grocer offered such a deep discount across its sales outlets.

Since LivingSocial remains under-utilised by major retailers, this strategy could be a game changer. The discount was a best-seller among website members who clicked upwards of 115,000 times an hour — making it the largest promotion of its kind on any group purchase platform.

Source: Global Post, September 13, 2011
The Associated Press, September 13, 2011

http://latimesblogs.latimes.com/money_co/2011/09/whole-foods-coupon-deal-half-priced-groceries.html