Lore said at the time that Jet had found that merchants preferred a site without a membership fee. the original source“We came up with a solution that’s better for investors, customers, retailers,” he had said. Early on, customer sign-ups lagged behind projections. A Jet executive said last spring that the company had signed up 420,000 people for free trial memberships. But weeks before the July launch, Mr. Lore said in an interview that the figure was just 100,000. The larger figure, he explained, was the number of emails Jet collected during a promotion to add members. The smaller number referred to the p eople who actually signed up. Meantime, Jet hadn’t secured deals to sell many of the items it was featuring, either directly via suppliers or through partners.
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