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The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

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Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
RetailChristmas

Amazon Competitor Can’t Guarantee Christmas Delivery

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Claire Groden
Claire Groden
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By
Claire Groden
Claire Groden
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December 22, 2015, 10:10 AM ET
Inside A Jet.com Inc. Fulfillment Center On Cyber Monday
Empty boxes sit in stacks at the Jet.com Inc. fulfillment center on Cyber Monday in Kansas City, Kansas, U.S., on Monday, Nov. 30, 2015. Online sales on Cyber Monday may rise at least 18 percent from a year earlier, slower growth than during the holiday weekend, as consumers start their Internet shopping earlier, according to forecasts by International Business Machines Corp. Photographer: Daniel Acker/Bloomberg via Getty ImagesPhotograph by Bloomberg via Getty Images
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This post has been updated to include comment from Jet.com’s chief customer officer Liza Landsman.

The start-up trying to undercut Amazon is running into Christmas delivery problems.

Jet.com no longer guarantees deliveries by Christmas for product orders that aren’t marked for two-day shipping. Most of the items that can still arrive on time are household products like toilet paper and groceries.

In a banner on the company’s website, Jet.com warns shoppers that “this year’s holiday gift rush has led to nationwide shipping delays that have affected many of our fulfillment partners.”

The company, which was founded this summer, attempts to compete with e-commerce giants like Amazon by shipping some of its products and partnering with retailers to ship the rest. The start-up rewards customers who make big orders or ones that can be fulfilled at nearby centers with lower prices, according to the Wall Street Journal.

In an interview with Fortune, Jet.com’s chief customer officer Liza Landsman said that only about 500 of the 1 million shipments Jet.com has processed in December will miss promised delivery dates before Christmas. She said that while Jet.com only provides delivery estimates on the site now, it plans to roll out exact delivery dates in the new year. “Our goal for this month was to hit $44.9 [million in gross merchandise sales], and we will hit it,” she said. “Last week we just hit our 2 million member mark. Every performance mark that we have set we are hitting.”

FedEx and UPS are expected to deliver a record 630 and 317 million packages, respectively, this holiday season, according to Bloomberg.

 

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