October 11, 2015
...AND CHEAPER...:
Amazon Prime competitor Jet.com is dropping its $49 membership fee (Natt Garun, 10/07/16, Next Web)
Less than three months since its launch, online retailer Jet.com is already planning to change its revenue strategy. In a Medium blog post today, Jet.com CEO Marc Lore says the company will ditch its $49 annual membership fee to extend its reach.Jet.com is similar to Amazon in that it offers everyday items - from cleaning products and appliances to toys and sporting goods - for a low price with free shipping on orders over $35. Its 'Smart Cart' system lets customers save around 5 percent when ordering the items in bulk. Jet.com works with third party retailers to fulfill orders, and offers free returns on all items.
Posted by Orrin Judd at October 11, 2015 11:29 AM
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