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Retailers dive into geo-social shopping

Submitted by Brian Skepys on August 16, 2010 – 11:20 am13 Comments

Gap offered a one-day social shopping spree last Friday for anyone who checked into its stores on Foursquare, with participants getting 25% off their purchase for the day. This is just part of a larger trend of retailers taking advantage of Foursquare’s increasing geo-social shopping utility.

With this discount offer, Gap joined the list of retailers experimenting with marketing opportunities on geo-location social networks. In May, Starbucks started a US nationwide loyalty program for its hundreds of Foursquare Mayors, who get a $1 discount on Frappuccinos at any Starbucks store. And last month, Domino’s Pizza UK attributed its 2010 13% sales increase to  social network advertising campaigns, which included a Foursquare check-in offer.

The increasing news of geo-social shopping comes only a month after Foursquare announced a huge investment of $20 million by Andreessen Horowitz to improve its services and infrastructure. We expect more heavy hitters to join this bandwagon.

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