Online shopping mall OutletZoo.com is attempting to revolutionize the online shopping market by selling brand name merchandise through its proprietary “automatic price drop” system. The technology, which was developed by JEM Computers, drives prices as low as the market will bear through a virtual inverse of online auctions.
Online Mall Aims to Capture Consumers With Inverse Auctions
Posted by: Mary Hillebrand September 22, 1999 12:00 AMOnline shopping mall OutletZoo.com is attempting to revolutionize the online shopping market by selling brand name merchandise through its proprietary “automatic price drop” system. The technology, which was developed by JEM Computers, drives prices as low as the market will bear through a virtual inverse of online auctions.