Local deals is obviously a very hot segment, with Groupon preparing for its now impending $20 billion IPO. Local product inventory data is another compelling, but less well understood, category. Sitting right in the middle between them is SaleLocator, which recently launched an iPhone app.
I spoke to the company briefly yesterday. It launched a PC site in February of this year with 175,000 active sale listings and data from 250-350 major retailers (but also smaller retailers). Android and other OS apps are coming.
Data come from multiple sources and the company uses a call center to verify some of the listings and check quality. Really other than ShopLocal, which isn’t the same, there isn’t another company I’m aware of doing something comparable.
As I mentioned, there are tons of deals sites and a number of competitors now in the product inventory segment. SaleLocator overlaps with both — especially in terms of consumer interest — but it’s a unique animal. The company is building a destination business but is also planning on licensing its data to third parties.