Groupon Halts Gun-Related Deals

NEW YORK (AP) -- Groupon (NASDAQ: GRPN  ) has halted gun-related promotions such as deals for shooting ranges and concealed weapons courses in the wake of last month's massacre in Newtown, Conn.

Groupon spokeswoman Julie Mossler said Tuesday that the move is based on the deals' performance as well as "current customer and merchant feedback." These, she says, have made it "clear they're not a fit right now."

The Chicago company declined to comment further and did not mention the Newtown shootings in its reasoning. There, 20-year-old Adam Lanza killed his mother, 20 children and six educators at an elementary school before shooting himself.

The event has intensified the gun control debate in the U.S. and has led other companies, such as Dick's Sporting Goods (NYSE: DKS  ) , to scale back gun-related business activity, at least temporarily.


Read/Post Comments (3) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 23, 2013, at 10:30 AM, eddietheinvestor wrote:

    I understand why Groupon would do this. They don't want the bad publicity, and my guess is that they were threatened with a boycott by people who support gun control. I respect their decision to stop working on any new deals involving guns. However, Groupon's decision is hypocritical for two reasons. First, they had a deal going with someone teaching gun safety. After the guy's gun safety/use class filled, up, they strongly encouraged the man to greatly increase the size of his group. Then they canceled the whole deal because guns are dangerous. If Groupon thought that guns are so dangerous because of Sandy Hook, didn't they think guns were dangerous before Sandy Hook? Second, they had a deal with this gun safety instructor. Groupon should have honored the deal and then worked no more with him and other gun specialists (yes, I know they have the right to cancel deals, but it;s about integrity and honoring commitments). I don't mind if Groupon never works with gun dealers again, but I don't respect any company that reneges on its deals.

  • Report this Comment On January 23, 2013, at 11:47 AM, GETRICHSLOW2 wrote:

    Cowards!! Groupon just lost my business and I will never spend another dime at Dick's.

  • Report this Comment On January 23, 2013, at 12:07 PM, eddietheinvestor wrote:

    I wouldn't call them cowards. I'm sure they are under a lot of pressure. I do wonder, however, why it's always liberals who can use pressure successfully (such as Goldline--against Glenn Beck and Carbonite--against Rush Limbaugh), but conservatives can't exert similar pressure. I have nothing against Groupon or Dick's. I just want companies to honor their commitments.

Add your comment.

DocumentId: 2208607, ~/Articles/ArticleHandler.aspx, 4/17/2014 2:47:08 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement