Social Commerce Leader’s PTZ® Pack a Punch—Members Now Can Get the Absolute Lowest Price on the Web for Anything Sold on Lockerz.com
SEATTLE—February 15, 2012— Lockerz, the leader in rewarded social commerce, today announced the Lockerz Best Price Guarantee™, a promise to members that the best price available on Lockerz.com is also the lowest price anywhere online. Recognizing the competitive pricing environment, Lockerz makes the following bold guarantee: If a Lockerz member finds the same product from any online retailer for a lower price within seven days of their purchase on Lockerz, Lockerz will beat that price by refunding the difference plus another 10%.
“Welcome to the true power of Lockerz’ social commerce model,” said Kathy Savitt, founder and CEO of Lockerz. “The Lockerz Best Price Guarantee puts our money where our mouth is on the power of PTZ®. Our members earn PTZ for showing and sharing what they love on Lockerz. These PTZ enable Lockerz members to get the lowest price online. Period.”
While several sites have become popular for sharing interests online, Lockerz has created the link between expressing and sharing what you love and being able to afford what you love. Lockerz members earn PTZ for collecting and sharing images and videos, which are then used to get the lowest prices on most sought-after fashion, beauty and electronics brands.
From its founding in 2009, Lockerz’ mission has been to revolutionize the way people discover and consume products and content. The company has focused on the most disruptive demographic in recent history, Generation Z. Currently the site has million of members, with 94% being between the ages of 13-35.
The Lockerz approach:
• Rewards for Your Style and Interests – Lockerz members earn PTZ by doing the things they normally do online, like influencing the activities of friends and followers, including sharing Collections of images and videos from anywhere on the Web. Collections are organized into 21 categories, including Fashion, Love & Dating, Art & Design and more. When a member grabs images from existing Collections to create their own, the original creator is rewarded with PTZ.
• Hundreds of Brands – Lockerz Store features hundreds of popular brands, including 7 for All Mankind, BCBG, Nixon watches, James Jeans, Ella Moss, Splendid, Michael Stars, Theodora & Callum, Alex & Ani, Jules Smith, CC Skye, Xbox 360, Nintendo, SkullCandy, Canon, Olympus, and many more.
• The PTZ Payoff – Members use their PTZ to get the guaranteed lowest prices online for current, in-season merchandise, not just remnants or close-out merchandise popularized on flash-sale sites. Since its inception, Lockerz members have used nearly 3 billion PTZ for millions of dollars of savings.
• Free Shipping for U.S. Members – U.S. members get free ground shipping on all items purchased on Lockerz. No minimum purchase required.
*The Lockerz Best Price Guarantee is valid on identical items (the same brand, manufacturer, model number, SKU features, colors and quantity) that are advertised online, in-stock and currently available through the publicly available website of a retailer. To apply for reimbursement under the program, members e-mail email@example.com within seven business days of receiving their Lockerz Store shipment notification with certain information, including a link and screenshot of the identical item. Once the claim is validated, Lockerz will issue a refund totaling the price difference plus 10 percent of that amount. Lockerz will respond to all claims within approximately 10 business days. For complete terms, go to: www.lockerz.com/guarantee.
About Lockerz Based in Seattle, Lockerz is the leader in rewarded social expression, striving to revolutionize the way the world discovers and consumes product and content. With a membership community of millions in 195 countries, Lockerz rewards its members with PTZ® (points) for engagement and following, including collecting, sharing, shopping and influencing their friends. Members use PTZ to drive down the prices of fashion, beauty, home décor, electronics and entertainment in the Lockerz Store. Lockerz was founded by former technology and retail executive Kathy Savitt, and is backed by Liberty Media Corporation, Kleiner Perkins Caufield & Byers, DAG Ventures and Live Nation Entertainment. For more information about Lockerz, please visit www.lockerz.com.