E-commerce startup Jet.com rising fast

Be the first to comment
Jet.com attains high altitude.
Jet.com attains high altitude.

It's building a clientele without cannibalizing other sellers, and it's achieved a 23% repeat buyer rate in its inaugural month

Jet.com, the online marketplace that launched in July aiming to undercut Amazon on price, appears to be making headway in the turbulent atmosphere of large-scale e-commerce.

The newcomer is already the fourth-biggest marketplace, according to ChannelAdvisor, a platform that connects third-party sellers with the likes of eBay and Amazon. That places it ahead of Sears, BestBuy and Rakuten. In fact, Jet's gross merchandise value is twice that of Sears, the software provider claims.

ChannelAdvisor bases its figures on the results of third-party sellers, who report that they've seen thousands of unique consumers buying on Jet. Further, they have recorded a 23% repeat buyer rate for the upstart during a period when eBay posted 17% in the metric and Amazon, 11%.

"It's early, but so far this is evidence that in fact Jet may be driving incrementally new demand instead of cannibalizing existing channels. It may be that Jet is picking up consumers who previously might have shopped offline at Costco, for example," says ChannelAdvisor CEO David Spitz.

Off-the-wall advertising featuring barbershop quartets, morning pigs, and yodelers could have helped corral customers. To wit:

This article first appeared on dmnews.com.


The latest work, news, advice, comment and analysis, sent to you every day

register free

Campaign Jobs

Thousands of jobs across advertising, creative, marketing and media

Trending on Campaign


The Hub 
Marketing Tech News