Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Groupon, Inc.
  6. News
  7. Summary
    GRPN   US3994732069

GROUPON, INC.

(GRPN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Groupon : áWomen Small Business Owners Say They're Happier Than Ever Being Their Own Boss, Despite Work/Life Balance Struggle and Ongoing Challenges

10/01/2021 | 09:46am EST

  •  According to a new Groupon survey of more than 600 women small business owners, 94% are happier than ever being their own boss
  • 64% of women small business owners reported they make just as much or more money than they did before running their own business
  • 76% of women who own their own business said they work more than the standard 8-hour workday, with the average owner working 12 hours a day
  • New Jersey, New York, Massachusetts, Ohio and California identified as the top states for minority women to state a business

Groupon, the go-to destination for local experiences, is encouraging everyone to celebrate October’s National Women’s Small Business Month. To make it easy to support and shop at women-owned businesses, Groupon is featuring approximately 2,000 women-owned businesses from across the United States. Groupon spoke with more than 600 women small business owners from around the United States to better understand why they decided to become their own boss and how they have remained resilient during the global pandemic.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211001005480/en/

In recognition of October's National Women's Small Business Month, Groupon spoke with more than 600 women small business owners from around the United States to better understand why they decided to become their own boss and how they have remained resilient during the global pandemic. (Graphic: Business Wire)

In recognition of October's National Women's Small Business Month, Groupon spoke with more than 600 women small business owners from around the United States to better understand why they decided to become their own boss and how they have remained resilient during the global pandemic. (Graphic: Business Wire)

Women Small Business Owners Say They’re Held to a Different Standard than Men

According to the survey results, women small business owners continue to face systemic challenges as a result of their gender. Fifty-four percent of women small business owners said they’re held to a different standard than their male counterparts when it comes to accessing capital, acquiring mentors and being taken seriously by their peers. Fifty-four percent of survey respondents also said that it’s harder for them to balance work and family life.

Women Put in the Work to be Their Own Boss

Despite these obstacles, nearly all women small business owners––an overwhelming 94%––are happy with their choice to work for themselves and ready to overcome any challenges thrown their way. Seventy-six percent of women small business owners work beyond the standard 8-hour work day, with the average owner working 12 hours a day. And this hard work is paying off, as 64% of women small business owners said they make as much or more money than they did before opening their own business.

“As one of the largest marketplaces of women-owned small businesses anywhere in the world, we’re excited and encouraged by the progress these entrepreneurs are making, and we’re focused on opening up new opportunities for women –– both internally and externally –– to create a Groupon that’s reflective of the world we want to live in,” said Groupon’s Chief Financial Officer Melissa Thomas. “We’re extremely proud of the fact that nearly 60%* of the small businesses on Groupon are owned by women, and we’re committed to ensuring these merchants come out of the pandemic stronger than ever.”

Increasing Awareness and Support for Women-Owned Businesses

According to the survey results, women small business owners have a clear plan and path to drive revenue and accelerate their recovery from the pandemic. The top ways that women-owned businesses are looking to increase profits are the following: growing their social media presence, leveraging sales, expanding inventory, taking advantage of government or small business organization loans and resources and running paid advertising campaigns.

Even before the start of the pandemic, many states invested heavily in education and financial programs to help foster the development and success of small businesses. After the pandemic hit, many states stepped up to help the businesses impacted by movement restrictions in the form of deferring sales tax payments and increasing financial support through state grants.

Groupon asked women small business owners to score their state based on three criteria: how easy it is for women to start their own businesses, support offered to women of color to start their own business and resources provided to help women-owned businesses recover from the pandemic. Based on the survey results, some states consistently showed up as going above and beyond for women entrepreneurs:

  • New York, New Jersey, Massachusetts, Florida and Ohio were the top states for women looking to start their own business.
  • New Jersey, New York, Massachusetts, Ohio and California were identified as the top states for minority women to state a business.
  • New York, Massachusetts, New Jersey, Florida and Colorado were the top states when it came to helping women-owned businesses recover from the devastating impact of COVID-19.

Taking Action

Groupon is urging consumers to celebrate National Women’s Small Business Month by supporting women-owned businesses in their local communities as well as by making a donation to help provide new women entrepreneurs with much needed capital. To find a women-owned business that you can support in your community, please visit gr.pn/wsbm.

*June 2021 Merchant Satisfaction Survey. Survey of active merchants conducted June 8-23

About Groupon

Groupon (NASDAQ: GRPN) is an experiences marketplace where consumers discover fun things to do and local businesses thrive. For our customers, this means giving them an amazing selection of experiences at great values. For our merchants, this means making it easy for them to partner with Groupon and reach millions of consumers around the world.


ę Business Wire 2021
All news about GROUPON, INC.
11/09Wedbush Trims Groupon's Price Target to $30 From $33, Citing COVID-Related Headwinds; N..
MT
11/05Groupon, Square Announce Partnership For Platform Integration
MT
11/05Groupon Earnings Rise, Revenue Declines in Q3; Shares Up in Premarket Activity
MT
11/05New Groupon and Square Partnership Allows Local Merchants to Create Groupon Campaigns D..
BU
11/05Groupon and Square Partnership Allows Local Merchants to Create Groupon Campaigns Direc..
CI
11/05GROUPON : Q3 Earnings Snapshot
AQ
11/05Groupon Reports Third Quarter 2021 Results - Form 8-K
PU
11/05Groupon Issues Third Quarter 2021 Earnings Release
BU
11/05Groupon, Inc. Provides Earnings Guidance for the Full Year of 2021
CI
11/05NORTH AMERICAN MORNING BRIEFING : Stock Futures -3-
DJ
More news
Analyst Recommendations on GROUPON, INC.
More recommendations
Financials (USD)
Sales 2021 971 M - -
Net income 2021 71,8 M - -
Net Debt 2021 36,3 M - -
P/E ratio 2021 9,96x
Yield 2021 -
Capitalization 677 M 677 M -
EV / Sales 2021 0,73x
EV / Sales 2022 0,69x
Nbr of Employees 4 159
Free-Float 58,1%
Chart GROUPON, INC.
Duration : Period :
Groupon, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GROUPON, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Last Close Price 22,89 $
Average target price 36,07 $
Spread / Average Target 57,6%
EPS Revisions
Managers and Directors
Aaron Cooper Chief Executive Officer & Director
Damien Schmitz Chief Financial Officer & Senior Vice President
Ted J. Leonsis Executive Chairman
John J. Higginson Chief Technology Officer
Barbara Weisz Senior VP-International Sales & Global Operations
Sector and Competitors
1st jan.Capi. (M$)
GROUPON, INC.-39.76%677
COSTCO WHOLESALE CORPORATION44.95%241 293
TARGET CORPORATION39.68%118 138
THE TJX COMPANIES, INC.1.57%83 408
WAL-MART DE MÉXICO, S.A.B. DE C.V.27.85%57 056
DOLLAR GENERAL CORPORATION6.71%52 359