Tag: Jet

Here’s why Amazon selling Kenmore appliances is great news for consumers | USA Today

Here’s why Amazon selling Kenmore appliances is great news for consumers | USA Today

Where should you buy Kenmore appliances: Sears or Amazon? Kenmore confirmed that the products sold on Amazon and Sears will be identical. This differs from a strategy used by some other appliance makers, where each retailer sells slightly different variations on a product, in order to discourage price-matching. Nobody is talking prices right now, although […]

Amazon lowers free shipping minimum again, escalating price war with Wal-Mart | Retail Dive

Amazon lowers free shipping minimum again, escalating price war with Wal-Mart | Retail Dive

Enter Wal-Mart, which since its $3.3 billion acquisition of Jet last year and the hire of Jet founder Marc Lore appears to believe that Amazon’s emphasis on Prime has left a segment of e-commerce to be disrupted. In an interview with Retail Dive earlier this year, Keith Anderson, vice president of strategy and insights at […]

Flipkart New delivery Pricing Model Going to Introduce | Hindaily

Flipkart New delivery Pricing Model Going to Introduce | Hindaily

Flipkart India’s largest eCommerce company is going to introduce a new discount pricing model based on popular American e-commerce company Jet.com’s smart cart services which encourages consumers to pick multiple items which can be shipped in one box to save delivery charges. Flipkart is planning to start this services from  January 2017 from New year, ET told […]

Retailers’ Aggressive Pricing and Wide, Marketplace-Driven Assortments Challenge Amazon, Says Annual Boomerang Commerce Consumer Electronics Category Report | Business Wire

Retailers’ Aggressive Pricing and Wide, Marketplace-Driven Assortments Challenge Amazon, Says Annual Boomerang Commerce Consumer Electronics Category Report | Business Wire

Key findings across data from Amazon, Best Buy, Jet, Newegg, Target and Walmart show: Amazon is still the one to chase. Amazon carries millions of items in its electronics category — more than 1.6 million items in the camera and photo selection alone — and optimizes its pricing strategy based on data signals like popularity. […]

Wal-Mart e-commerce execs exit in wake of Jet merger | Retail Dive

Wal-Mart e-commerce execs exit in wake of Jet merger | Retail Dive

“You can’t acquire things in the name of growth without knowing or understanding how to rationalize it,” Cohen said. “You can’t buy growth. You can buy elements that will improve your capacity to grow, like for instance Apple’s list of modest acquisitions over the years. These ‘Hail Mary passes’ typically fail because you can’t just […]

Walmart-Jet.com could ‘own’ online pricing, sources say | Supermarket News

Walmart-Jet.com could ‘own’ online pricing, sources say | Supermarket News

The marriage of Wal-Mart Stores and Jet.com represents an opportunity to establish the biggest — and arguably the first — truly price-focused brand in the virtual shopping world, observers said. “If they can properly integrate, I think they have the ability to own a low-price position online that’s currently owned by no one,” Bill Bishop, chief […]

Wal-Mart completes US$3 bln Jet.com deal | ejinsight

Wal-Mart completes US$3 bln Jet.com deal | ejinsight

Wal-Mart Stores Inc. has completed the acquisition of internet retailer Jet.com, paying US$3 billion for the e-commerce startup. Chief executive Doug McMillon announced the the deal, pending regulatory approval, Reuters reports. The acquisition will affect Wal-Mart’s 2017 earnings marginally more than the retailer’s initial estimate of a 5 cent-per-share impact as the transaction closed ahead […]

Report: Amazon handily trumps Jet on price, assortment | Retail Dive

Report: Amazon handily trumps Jet on price, assortment | Retail Dive

Dive Brief: E-commerce upstart Jet, recently acquired by Wal-Mart Stores Inc. for $3.3 billion, failed to beat Amazon on price on 44% of 331 best-selling items, undercutting its rival just 16% of the time, according to a study conducted by Boomerang Commerce for Business Insider. Jet’s prices were 16% higher overall, researchers found, and its […]

Why A Jet.com Acquisition Makes Sense For Wal-Mart – Wal-Mart Stores, Inc.  | Seeking Alpha

Why A Jet.com Acquisition Makes Sense For Wal-Mart – Wal-Mart Stores, Inc. | Seeking Alpha

In the latest move in Walmart’s (NYSE:WMT) efforts to grow beyond its traditional brick and mortar business and expand into e-commerce, WMT is in talks to acquire Jet.com. Jet is an online discount retailer that launched in July of last year selling a broad range of consumer products (approximately 4.5 million different items). The company […]

Jet.com Raises Prices Slightly, Drops $50 Membership Fee | Newsy Story

Jet.com Raises Prices Slightly, Drops $50 Membership Fee | Newsy Story

But that $50 membership fee is no more, making Jet.com free for all customers. The company didn’t address why it made the change in a blog post, but Jet.com CEO Marc Lore told Re/code, “It turns out 4 to 5 percent is enough of a discount for shoppers.” Lore said the site conducted tests and figured out […]