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AMZN Amazon.com Inc

173.99
-5.23 (-2.92%)
20 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Amazon.com Inc NASDAQ:AMZN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.23 -2.92% 173.99 173.85 173.99 179.00 173.44 178.82 56,002,007 01:00:00

Online Retailer Jet.com Ends Annual Membership Fee -Re/code

07/10/2015 4:27pm

Dow Jones News


Amazon.com (NASDAQ:AMZN)
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Discount retail website Jet.com has ended its $49.99 annual membership fee, Re/code reported Wednesday.

The company previously planned to provide members-only "club price savings" for the fee.

Jet.com Chief Executive Marc Lore told Re/code that another type of discount, the "Smart Cart" savings of about 4% to 5%, has resulted in "incredible" conversions in recent pricing tests.

Full story at http://recode.net/2015/10/07/jet-com-overhauls-business-model-kills-50-membership-fee-to-broaden-appeal/

Write to nymonitoring@dowjones.com

 

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(END) Dow Jones Newswires

October 07, 2015 11:12 ET (15:12 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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