Savings.com Launches PriceJump: A New Price Comparison Service To Help Amazon Shoppers Find The Best Deal
New Savings.com research finds that more than *50 percent of the time Amazon has higher prices than other online retailers
July 15, 2014 --
LOS ANGELES, July 15, 2014 /PRNewswire/ --Today, Savings.com is launching PriceJump, a new service that instantly compares Amazon product prices to prices around the web, dispelling the myth that Amazon always offers the best deals. Amazon has become the default online shopping option for consumers' every day purchases, and with the addition of Amazon Fire Phone, many are anticipating a threat to brick and mortar stores with an increase in "showrooming." 1*However, new research from Savings.com finds that Amazon does not always have the lowest prices, making way for a new online retail trend: "Amazon Rooming."
*Specifically, Savings.com research found:
- PriceJump can find a better price than Amazon on popular items more than 50 percent of the time.
- Checking Amazon prices on PriceJump will save shoppers $47.50 on average.
- On purchases over $100, PriceJump beat Amazon's prices 70 percent of the time, with an average savings of $70.00.
- Savings were even higher in the Electronics and Photography categories. For example:
- Canon EOS 5D Mark III 22.3 MP Full Frame was found for $3,145 compared to $3,999 on Amazon.
- Haier CPN12XH9 12K Portable Air Conditioner was found for $399.90 compared to $769.82 on Amazon.
- Nikon D5100 16.2MP CMOS Digital SLR Camera was found for $349.00 compared to $679.99 on Amazon.
"Savings.com was founded on the belief that we can harness the power of the Internet to find consumers the best deals on everything they want," said Loren Bendele, President of Savings.com. "With the launch of PriceJump, we are reinforcing this mission, specifically with the Amazon consumer in mind. There are many reasons why shoppers increasingly default to Amazon as the starting point to their online shopping experience, and now with PriceJump, these shoppers will also know if Amazon has the best price, or not."
PriceJump is as easy to use as "cut and paste;" simply copy the URL of a product page on Amazon and paste it into the PriceJump search box. PriceJump uses information on the Amazon product page to do an apples-to-apples product search across more than 5,000 online sources in order to provide accurate and competitive pricing information.
To make it easy to scan, the pricing information is displayed in the form of a "traffic light" (red-yellow-green). Red signifies that the product is cheaper from another retailer, and it will provide the link to the lower priced product. Yellow signifies that the product may be cheaper elsewhere, but not for a significant amount. For convenience, yellow recommends purchasing on Amazon. Green signifies that Amazon has the best price and recommends purchasing on Amazon.
Online shoppers can also download the Savings.com PriceJump browser extension for Chrome (Firefox and Safari versions will be released soon), and the PriceJump pricing information will appear in the upper right hand corner of the browser window while shopping on Amazon.
Shoppers can access PriceJump by visiting Savings.com/PriceJump. For further analysis from the Savings.com PriceJump research, please visit Savings.com/RetailReports. For more information about Savings.com, please visit Savings.com. You can also follow the brand on Facebook at https://www.facebook.com/Savings and on Twitter at https://twitter.com/savings.
*About Savings.com PriceJump Research
Savings.com Research was conducted in-house by Savings.com on May 20, 2014, at 5:09PM PST. The study compared the prices of approximately 1,500 bestselling Amazon products that have equivalent UPC codes on other retailers' sites. Products were chosen, without prior consideration, from the most popular categories based on Amazon's bestsellers list, costing $10 or more on Amazon. Amazon's prices were then compared with other online retailers to determine which had the lowest price. The data is available upon request.
Savings.com gives you the best deals on everything you want. Tell us what stores and categories you like, and Savings.com will deliver the best deals for you handpicked by expert DealPros. In addition to providing personalized recommendations, Savings.com has one of the most in-depth databases of coupons. Shoppers can access thousands of exclusive offers from the biggest retailer names along with 100,000+ deals aggregated from online and national retailers. More than 5 million shoppers turn to Savings.com each month as the trusted resource to find the best deals and to interact with the site's popular coupon blog and community of online shoppers, the DealPros. In June 2012, Savings.com was acquired by Cox Target Media, one of the world's leading direct marketing companies. Cox Target Media is also the owner and operator of leading direct marketing brand, Valpak and Valpak.com. Traveling overseas? Visit Savings.com's sister site in the UK, Savoo.co.uk.
ABOUT COX MEDIA GROUP
Cox Media Group is an integrated broadcasting, publishing, direct marketing and digital media company that includes the national advertising rep firms of CoxReps. Additionally, CMG owns Cox Target Media, which operates Valpak, one of North America's leading direct marketing companies, and Savings.com, a leading online source for savings. The company's operations currently include 14 broadcast television stations and one local cable channel, 57 radio stations, eight daily newspapers and more than a dozen non-daily publications, and more than 100 digital services. CMG currently operates in more than 20 media markets and reaches approximately 52 million Americans weekly, including more than 30 million TV viewers, more than 3.5 million print and online newspaper readers, and more than 14 million radio listeners. For more information about Cox Media Group, please check us out online at www.coxmediagroup.com.
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