#mitxecs - game-changing retail technology

Sumaiya Balbale@jetcominsiderVP of MarketingJet

GAME-CHANGING RETAIL TECHNOLOGY

Romney Evans@truefitCo-FounderTrue Fit Corporation

Amit Phansalkar@amitphanCo-FounderNetra Systems Inc.

Sumaiya Balbale@jetcominsiderVP of MarketingJet

GAME-CHANGING RETAIL TECHNOLOGY

Jet MITX 2015 E-Commerce Summit

In just 10 years, ecommerce sales are on track to

increase nearly 4x

5

$544B 2019E

$306B 2014

$145B 2009

December 15, 2014 — Confidential & Proprietary. Jet™ is a trademark of Jet.com ©2014

The market is chasing speed, services and

specialty assortment…

6

December 15, 2014 — Confidential & Proprietary. Jet™ is a trademark of Jet.com ©2014

…despite the fact that people still care very much

about price

7

December 15, 2014 — Confidential & Proprietary. Jet™ is a trademark of Jet.com ©2014

$544B 2019E

80 million warehouse

club members in US

Meet JetThe price club reinvented

Huge opportunity to innovate on price 9

Brick-

and-

Mortar (founded 1962) (founded 1983)

Online

(launched 1994)

21 years

Price Innovation

Retail Reinvented

Price Club Reinvented

21 years

Price Innovation

(launches 2015)

Warehouse

Clubs

Warehouse clubs pull costs out of a brick and mortar

retail system…

10

BulkPackaging

Long LinesNo Bags

Shop in Warehouse

Limited Product Assortment

Limited Payment Options

Lower Real Estate Costs

…while Jet tackles inefficiencies in online retail to deliver

savings across an unlimited selection

11

Minimize shipping distances

Improve box utilization

Leverage retail marketplace

Unlimited product Assortment

Variablize hidden costs (returns/payment fees)

…with a variable pricing engine that empowers

retailers and consumers, not exploits

12

Prepared for [Name of Company] Month 00, 2014 — Confidential & Proprietary. Jet™ is a trademark of Jet.com ©2014

Retailer B

Optimize for basket size, mix and

location based on retailer rules

Consumer

Retailer D

Retailer A

Retailer C

Optional actions to save more

Provide your email for

bonus savings

Pick Up In Store

for bonus savings

Waive Returns for

bonus savings

All savings go back to members.

We only profit on the $49.99

membership fee.

A more transparent and efficient

ecommerce ecosystem for all.

Without sacrificing service or brand.

For more information on…

Becoming a member: www.jet.com

Becoming a retailer: preston@bottomy.com

Join our team: careers@jet.com

GAME-CHANGING RETAIL TECHNOLOGY

Amit Phansalkar@amitphanCo-FounderNetra Systems Inc.

Conversion Maximization with High Speed Visual Search

All have user friendly image capture capabilities

Technology-enabled shopping

Its easy with Visual Search

Visual vs. Textual

EASE OPTIONS

Visual Browsing is intuitive

IRIS is easy to use

OPTIONS

COLOR

PATTERN

FABRIC

✔

IRIS finds it fast

Fabric

Gingham%

Color

Navy'

Fabric

Gingham%

Pattern

Branford'

So[ 'Flannel'Horizontal'Stripe'

Oxford'Branford'SAME

Allyke is'so'easy'to'use''

selected'

Color

Pattern

Fabric '

OPTIONS'

OPTIONS

COLOR

PATTERN

FABRIC✔

IRIS finds it fast

Allyke finds'it'fast'Add to Cart and DONE

Why Visual Search

1. Find Exact and SimilarHigh Level of personalization

2. Blended SearchCommonalities from multiple images

3. Real Time ResultsExpedited results

IMPACTS

1. Fewer ClicksA true discovery process

2. Conversion RatesIncreased online revenue and….in-store

3. Shopper SatisfactionGreater Brand Affinity and Loyalty

About IRIS

Enables Faster more intuitive Path to Purchase using patented image recognition technology

• SaaS Model, Restful API• Filter by shape, color or

material• mobile and in-store use• Unique shoot2search

technology• Fewer clicks = greater

conversionMaximize Conversions with IRIS

Thank YouAmit Phansalkaramit@netra.io

@amitphan

Sumaiya Balbale@jetcominsiderVP of MarketingJet

GAME-CHANGING RETAIL TECHNOLOGY

Romney Evans@truefitCo-FounderTrue Fit Corporation

Amit Phansalkar@amitphanCo-FounderNetra Systems Inc.