SOURCE: Savings.com

April 21, 2010 08:00 ET

Savings.com Sees Rapid Growth in Online Coupon Use

Popular Deal Destination Among Fastest-Growing E-Commerce Companies; Details 2010 Expansion Plans

SANTA MONICA, CA--(Marketwire - April 21, 2010) -  Savings.com, the premier destination for online coupons and coupon codes, today released figures showing the company's tremendous momentum. With over 1,300 percent growth since 2007, Savings.com is one of the fastest-growing coupon sites in the world today.

From 2008 to 2009, Savings.com more than doubled its staff from 20 to 55 employees. In lockstep with this success, the company today announced plans to bring on more talent in 2010, aiming to expand to 95 employees by the end of the year. Savings.com also plans to debut a number of new product offerings to help consumers find the best deals wherever they are and whenever they need them.

At a time when traditional retail is struggling, online coupons continue to thrive and expand in popularity as consumers turn to the web to find the best deals. Consumers redeemed almost 3.2 billion coupons in 2009, nearly 30% more than the year prior, according to a recent 2009 CPG Coupon Industry Facts Report released by Valassis.

In 2009 alone, Savings.com merchant partners earned approximately $200 million in sales through Savings.com, 125 percent more than the previous year. Savings.com offers the very best in coupon content on the web from more than 5,000 merchants and more than 20,000 brands in categories that run the gamut from shopping to entertainment to technology.

In the past 12 months, top performing coupons include: GoDaddy coupon codes, Orbitz promotion codes, HP coupons, Home Depot couponsDell coupon codes and Expedia coupons.

"Shoppers are looking for deals more than ever before, and we're at the center of helping people shop smarter. Savings.com is a powerful and effective way for merchants and brands to reach these consumers and provide them with top deal content," said Loren Bendele, CEO of Savings.com. "The team at Savings.com is among the most passionate, creative and strategic I've ever encountered. Our top-notch team of experts, our best-in-class deal content and merchant partners and our friendly and simple user experience will keep Savings.com at the forefront of the online coupon revolution for years to come."

Savings.com aggregates high quality deals from across the web, allowing savvy shoppers to easily search, find and share the web's top coupons. Unlike other sites where coupon codes can be expired or otherwise invalid, Savings.com performs strict quality controls on all deals for maximum effectiveness. More than 22 million consumers visited the site last year to find reliable codes. In addition to these guaranteed deals, consumers turn to Savings.com to glean expert tips from the site's popular coupon blog and community of online coupon experts, the DealPros.

About Savings.com
Savings.com helps consumers save money every day. The premier online savings web site and community has the best deals for everything shoppers want, making it easier than ever to search, find and share big savings from top brands and stores. The company's dedicated team of DealPros scour the web to find top offers in every category from designer clothes and baby gear to big-screen TVs and gourmet food. The site's community of members and savers rate each deal to make sure users find the best stuff first eliminating the need to spend time sifting through expired coupons and coupon codes that don't work. Savings.com is a safe haven of high-quality, reliable deals. 

Contact Information

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