Group buying company Cudo has welcomed Mike Sneesby as its new chief executive who will commence in the role on 1 February 2012.
Group buying sites Cudo and Spreets have teamed up, releasing the framework for a voluntary Code of Conduct for the Australian group buying industry.
Daily deal websites have shown a 1000 per cent growth in visit in the past 12 months, according to figures released by Experian Hitwise.
Despite continuous reports of flat overall retail spending, sales for group buying and daily deal websites are booming, growing by 280 per cent this financial year, according to IBISWorld.
The Australian group buying market is currently the fastest growing sector in the online retail space, according to telecoms, media and ICT analyst firm Telsyte.
Buying site Cudo will be launching in New Zealand, which will include a media partnership with MediaWorks and the power of ACP NZ magazines.
Group buying company cudo.com.au announced it had raised $100,000 in donations for Queensland flood relief in just one afternoon.
Buying website Cudo.com.au is offering retailers the chance to sell to a large audience by taking advantage of its advertising and marketing support.