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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Label Occurrences
Jet.com canonical 1

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Statements (46)

Predicate Object
instanceOf e-commerce company
online retailer
website
acquiredBy Walmart
linked to: Walmart Inc.
acquisitionDate August 2016
acquisitionValue 3300000000 USD
businessModel online marketplace
category American online shopping website
defunct online retailer
CEO Marc Lore
competitor Amazon
Target.com
linked to: Target Corporation

Walmart.com (before acquisition)
linked to: Walmart Inc.
country United States
currency USD
linked to: US dollar
employed Marc Lore (as CEO)
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
Mike Hanrahan
Nate Faust
headquartersLocation Hoboken, New Jersey
linked to: Hoboken
inception 2014
industry e-commerce
laterChangedModelTo no-membership open retail site
launched July 2015
locationCity Hoboken
locationCountry United States
locationState New Jersey
notableFor dynamic pricing model
membership-based discounts (early model)
offers consumer goods
electronics
groceries
household products
operatedIn United States
parentOrganization Walmart
linked to: Walmart Inc.
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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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.