Amazon Prime competitor Jet.com is dropping its $49 membership fee
Oct07
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…
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