This Week in Retail – Episode 33
In other surprising news from this week, Jet.com is upending its entire business plan by removing its annual membership fee. The company, who is known for its attempt to disrupt the eCommerce industry and take on Amazon, will have to resort to minimum margins from its incredibly low prices. The removal of the fee should attract more shoppers to the store, but time will tell if the company’s low prices will be enough to overthrow Amazon as an eCommerce leader.
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