Detailed text transcripts for TV channel - KGO - 20150722:10:16:00
Waiving the option for free returns. and depending on what you buy, the more you buy, the more you save. the company says its profits are not coming from products. rather, they're making their money solely on a $50 membership fee. jet's founder, mark lore, who sold diapers.com for over $500 million, has been called a rock star by industry experts. he says jet will undercut everyone on price. while amazon has warehouses, jet is working primarily with retailers close to your zip code, cutting down on those shipping costs and passing the savings on to you. t.j. and reena? >> very interesting. >> ...