Jet.com Launches To Public, Reinventing E-Commerce

New Site Transforms the Shopping Club to Save Customers Money on Pretty Much Anything They Buy

Jul 21, 2015, 08:00 ET from Jet.com

HOBOKEN, N.J., July 21, 2015 /PRNewswire/ -- Jet.com, a new members-only shopping club, launched to the public today, introducing an innovative way to shop online and save money. Jet uses new technology to make online shopping smarter, more efficient and a little more fun.

With millions of items, from TVs to toilet paper, in sizes from small to bulk, Jet.com is reinventing the shopping club to give members great savings without sacrificing on experience, quality or access to a wide array of products.

"We have a very simple brand promise," said Marc Lore, founder and CEO. "Pay just $49.99 a year and you will save on pretty much anything you want to buy online. At launch, Jet will be offering a complementary limited-time trial membership, so new customers can shop the site and see how much they can save. Jet guarantees that members will save at least the cost of membership or we will refund the difference."

Jet's proprietary, dynamic pricing algorithm finds savings in real time and shows customers the items that bring down costs when bought together. Members also save by making choices that avoid costs normally baked into online retail prices. "Our platform is engineered more like a financial trading system than a traditional e-commerce marketplace," said Lore. "Because Jet's business model is to only profit from membership fees, not from the products we sell, all cost savings are passed back to the customer."

In addition to shopping on Jet, members will save when they shop at hundreds of Jet Anywhere stores across the web, earning JetCash to spend on future Jet.com purchases. Jet Anywhere further enhances the value of membership at Jet.com, helping members save money when they shop other sites across every category, including clothing, beauty, home, travel and more.

The Jet difference is more than just saving money. Jet is building a new kind of company, grounded in three simple values: trust, transparency and fairness. Behind every order, every product and every dollar saved on Jet is a person obsessed with providing members a brilliant shopping experience. 

"From our business model to our culture, we live our values to the extreme, whether we're dealing with employees, retail partners or consumers," said Lore. "When you harness the energy created by unique, diverse and smart individuals, the collective result is incredibly powerful."

For more information, visit www.jet.com.

ABOUT JET.COM
Launched in 2015, Jet is a members-only shopping club that gets online shoppers club price savings on pretty much anything they buy. Founded on three simple values – trust, transparency and fairness – Jet promises radical price innovation in e-commerce by optimizing the underlying economics of online shopping and unbundling the embedded retail costs that drive up price, creating an entirely new business model that works better for both shoppers and retailers. Unlike any other marketplace out there, Jet empowers both shoppers and retailers to make e-commerce more efficient.

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SOURCE Jet.com



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