Jet Names CommerceHub a 'Preferred Partner' for Retailers and Brands Looking to Integrate and Grow on Its Next-Generation Marketplace
ALBANY, NY--(Marketwired - Apr 15, 2015) - CommerceHub, the leading provider of marketing and virtual inventory solutions for retailers and brands, today announced it is partnering with Jet.com, a new and growing membership-based e-commerce platform, to enable retailers and brands to quickly launch on the Jet platform, grow sales, and acquire new customers. Jet, founded by Marc Lore, a serial entrepreneur who co-founded and sold Quidsi (Diapers.com, Soap.com and other sites) to Amazon for $545 million, has been preparing to publicly launch Jet in the late spring 2015. In preparation, CommerceHub is aggressively investing in technology and services to ensure retailers and brands can launch quickly on Jet's innovative marketplace to grow their sales and acquire new customers and has been named a "preferred partner" of Jet.
CommerceHub acquired Seattle-based Mercent earlier this year to connect brands and retailers with the largest online marketplaces and digital advertising channels. In addition to enabling rapid assortment expansion for retailers, CommerceHub provides a unified platform that quickly integrates brands, retailers, marketplaces and carriers to provide a seamless omni-channel experience. Unlike simple "feed providers," CommerceHub provides full-scale partner integration as well as visibility over the entire fulfillment process, empowering clients to ensure on-time customer delivery and satisfaction through integrated drop-ship suppliers, third-party sellers and stores.
Jet is a retailer-friendly marketplace that provides its online merchants with pricing tools that allow them to set different rules based on business goals and profit targets; as well as the unique ability to market directly to consumers. Jet members are rewarded for shopping in ways that reduce costs for retailers and enjoy savings across a large selection of products in nearly all categories, including electronics, home goods, consumer packaged goods, large appliances and more. Jet uses variables such as the consumer's location, order value, and delivery speed to match the consumer with the optimal retailer at the best value for both the retailer and the Jet member. In addition, shoppers who use Jet receive savings when using a less costly payment method such as a debit card and can also earn additional savings by waiving the right to return items.
"We are extremely pleased to partner with CommerceHub," stated Jet's CEO Marc Lore. "They have a proven technology platform and an outstanding reputation for providing critical channel integration to the leading brands and retailers. We are confident this partnership will enable more retail partners to grow and to profit."
CommerceHub founder and CEO Frank Poore added, "Jet is poised to disrupt the retail industry and provides a compelling channel for retailers and brands looking to grow and acquire new customers. Adding support for Jet further establishes CommerceHub as the leading platform for retailers and brands seeking to grow revenue through important marketplace and advertising channels."
To learn more about Jet, please visit partner.jet.com.
CommerceHub helps retailers and brands increase sales by expanding product assortments, promoting products on the channels that matter, and enabling rapid, on-time customer delivery. With its robust platform and proven scalability, CommerceHub helped more than 200 major retailers and brands achieve over $10 billion in GMV in 2014. Through CommerceHub's integrated platform, orders are successfully processed and fulfilled directly to consumers by more than 8,500 integrated suppliers, distributors, manufacturers and third-party sellers. CommerceHub is a subsidiary of Liberty Interactive Corporation attributed to the Liberty Ventures Group (NASDAQ: LVNTA) (
Jet is a retailer-friendly, membership-based ecommerce marketplace that offers its shopping members unprecedented value on millions of products, across all major categories. Jet's real-time dynamic pricing engine incentivizes larger baskets and shipping efficiencies, driving more revenue, new customers and a unique level of control over profitability for retailers. Jet focuses on high-quality retailers that are authorized to sell the brands they carry. Jet was founded by Marc Lore, the co-founder and former CEO of Quidsi, which was acquired by Amazon for $545M in 2011. Jet has raised $220M in pre-launch financing from top Silicon Valley firms, and has over 420K pre-launch Jet members.
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