Living Social Whole Foods
September 13, 2011 by staff
The offering allows consumers to buy and $ 20 million in products from Whole Foods and 10. LivingSocial said it was selling about 115,000 per hour, the spokesman Andrew Weinstein said that your offer is the fastest selling ever. That’s about 30 deals sold per second.
“It’s an alarming rate,” he said.
The company plans to sell up to 1 million offers. It went on sale at 5 am ET and runs until the same point Wednesday. However, by noon on Tuesday about half were gone, and the agreement is expected to sell soon.
The offer is available to anyone who registers LivingSocial or are an existing member of the site.
Austin, Texas, Whole Foods, which is already seeing more traffic and sales trends in its stores, was not immediately available for comment. The company plans to donate 5 percent of the selling price of the Whole Child Foundation, which supports child nutrition and wellness.
LivingSocial Grocery, based in Washington, DC and the second largest company dealing with all day behind Groupon has been offers before regional retailers or specialty. However, large supermarkets and grocery stores tend to stay away from such discounts because they already operate on thin profit margins and offer a variety of other promotions now.
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