Aisle50, a group buying-outlet for groceries that offers Groupon-size discounts has entered into a partnership with three retailers to give discounts to buyers of CPG products.
The three operators, Lowes Foods, Supervalu and Homeland Stores will allow their customers to access promotions through Aisle50.com. These discount deals are accessible for those who are willing to buy in advance. Aisle50 .com will list the deals that Shop ‘n’ Save customers can select from and get a discount of between 30% – 50 %.
A Shop ‘n’ Save shopper visits the web site to purchase the product he wants, and pays a discounted price using their credit card. During their shopping trip, they would normally be charged the normal product price, except that they are charged nothing except tax as they had paid in advance. In addition, ones Perks loyalty card is also loaded. This has been considered to be a big saving method on the part of consumers.
According to Aisle50, there will be no waste in distribution costs for manufacturers as they only pay when someone actually goes to the store to get the products. The manufacturers will only pay for performance. The manufacturers also have the power to limit the number of products that are available under the discount deal. Shoppers have a few months to redeem the deal.
Aisle50, which was started in June 2011, is an online provider and group buying-outlet for groceries that offers discount deals. It is located in Chicago and lists its co-founders as Chris Steiner and Riley Scott. The site gives daily grocery deals that are integrated with supermarket loyalty cards.
Dear Sir hello
I’d like to know how retailers makes money from Aisle50 , ignoring traffic , and do the manufactures deliver the discounted groceries to the stores that partner with Aisle50 , or the stores give it direct to the consumers from their stock , & if the store price differ than Aisle50 price , so from where the store collect the different price , example if Aisle50 offer a product with $10 after discount & the retailer sell it for $12 , do the consumer pay the different price from his side , or what & what do you mean by there will be no waste in distribution costs for manufacturers as they only pay when someone actually goes to the store to get the products. The manufacturers will only pay for performance?
Regards