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LetsBuyIt trading again

Fewer lines and suppliers

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LetsBuyIt.com is back in business in the UK, as well as in Germany, France and Sweden.

The group buying etailer grabbed E53 million ($49.6 million) in fresh funding earlier in the month. The company's announcement says it has come back from the dead with "a renewed commitment to LetsBuyIt.com's million-plus members to provide the kind of deals, service and satisfaction they expect from this top European shopping site."

Its obviously ditched some lines, or as LetsBuyIt calls it -'refocused the product range', but it has stuck with computers and IT, TV, hi-fi, household appliances and white goods.

"We've homed in on the products that are most sought after by members and reduced down the sheer number of suppliers we will work with," says John Palmer, CEO of the company.

Being realistic, some suppliers probably opted out themselves. ®

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Letsbuyit gets $49.6m backing

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