For example, if you searched for a car part on Milo, you would see a coupon for $20 off a $50 purchase. Milo is offering two types of coupons—printed coupons (some offer mobile scanning as well) and buy online, pickup in-store coupons. These coupons are exclusively for using the online buy online, pickup in-store checkout on the retailer’s website.
Although Google is now the main competition, Milo co-founder and CEO Jack Abraham feels pretty confident. “We’re in good shape,” he says. Regardless, having Google as your main competitor is daunting. And Google could easily turn on a coupon feature as the search giant already offers coupons via Places.
But Milo is still offering a wide variety of inventory on its site, tracking the real-time availability and prices of more than 3 million products at over 50,000 stores across the U.S., including Target, Macy’s, Best Buy, Crate & Barrel and more. And as the “online research, offline buying” consumer market represents a $917 billion in consumer spending, there’s plenty of room for a few players in the space.
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Authors: Leena Rao