2010 has been a banner year for Internet retailer, Market America. Earlier this year, we launched the ma Cashback program, where we pay customers up to 50% cashback when they purchase products through Market America and 1/2% to customers for referring others to our site.
Today, we are excited to announce that Market America has acquired Shop.com, an online comparison shopping engine provider.
Both MarketAmerica.com and Shop.com will continue to operate as separate websites, with both benefiting from the unique benefits that each company offers. Shop.com’s strength in technology and merchandising combined with Market America’s high-touch, unlimited cash back program and personal shopping experience will help expand the current people-powered, relationship-based shopping portal from Market America into a content rich destination that informs, entertains and guides customers in their shopping experience.
President and CEO of Market America, JR Ridinger had this to say on the acquisition.
To date, no one has truly harnessed the power of technology to provide a high touch, personal shopping experience combined with the depth of selection available through instant search of the more than 43 million products in our database. Our business model rewards customers at every stage – by making their shopping easier and more efficient, and rewarding them with cash back for shopping with us. This unique strategy positions us for explosive growth and to compete head-to-head with the biggest, most dominant shopping sites on the Internet.
~JR Ridinger
Together, Market America and SHOP.COM are creating a new ‘social shopping’ movement!
Both companies will continue to operate in their respective headquarters; MarketAmerica.com in Greensboro, NC and Shop.com in Monterey and Pasadena, CA as well as in London, UK. Expect the deal to close by year-end 2010.
To start earning cashback on your purchases, visit www.marketamerica.com!
Click here to view the press release from this major announcement. Anyone with questions or press inquiries, please contact our Public Relations Department at sarav@marketamerica.com