Jasmere sold merchandise from upscale[4] though lesser-known vendors.[5] It offered discounts of 50-70% off the regular retail prices.[6] E-mail alerts were sent daily stating that day's deal, which lasts for 24 hours until the next deal starts.[7]
Jasmere has been defunct since 2012. The last post on the jasmere.com Twitter account was on January 9, 2012, and was a promotion for their deals on seasonal scarves.[14]
Pricing model
Jasmere has been noted for its “anti-auction” feature,[15] by which the price reduces as more people purchase the item[16][17][18] with all purchasers paying the final price.[19][20]