Jet.com

E485249

Jet.com was an American e-commerce company known for its dynamic pricing model and rapid growth as a Walmart-acquired online retail platform.

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Jet.com canonical 1

Statements (46)

Predicate Object
instanceOf e-commerce company
online retailer
website
acquiredBy Walmart NERFINISHED
acquisitionDate August 2016
acquisitionValue 3300000000 USD
businessModel online marketplace
category American online shopping website
defunct online retailer
CEO Marc Lore NERFINISHED
competitor Amazon NERFINISHED
Target.com NERFINISHED
Walmart.com (before acquisition) NERFINISHED
country United States of America
surface form: United States
currency USD NERFINISHED
employed Marc Lore (as CEO) NERFINISHED
feature discounts for using specific payment methods
discounts for waiving free returns
incentives for buying in bulk
real-time price adjustments based on cart composition
foundedAs membership-based shopping club
foundedBy Marc Lore NERFINISHED
Mike Hanrahan NERFINISHED
Nate Faust NERFINISHED
headquartersLocation Hoboken, New Jersey NERFINISHED
inception 2014
industry e-commerce
laterChangedModelTo no-membership open retail site
launched July 2015
locationCity Hoboken NERFINISHED
locationCountry United States of America
surface form: United States
locationState New Jersey NERFINISHED
notableFor dynamic pricing model
membership-based discounts (early model)
offers consumer goods
electronics
groceries
household products
operatedIn United States of America
surface form: United States
parentOrganization Walmart NERFINISHED
reasonForDiscontinuation integration into Walmart’s e-commerce operations
serviceEnd 2020
status discontinued as standalone brand
targetMarket price-sensitive online shoppers
technologyUsed dynamic pricing engine
websiteURL https://jet.com

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