Overstock is a tech-driven online retailer that is situated near to the Salt Lake City in the shadow of the Wasatch Mountains.
Since their beginning, the company has emerged from a developing start up to a billion-dollar online retailer and they have achieved this by a lot of hard work as well as a creative team.
Overstock.com is one of the well-known American internet retailers. The company was originally founded in the year 1997 by Robert Brazell as D2: Discounts Direct. And after 2 years, it was purchased by Patrick M. Byrne and he was the one who gave it the name: Overstock.com.
The company initially sold uniquely surplus & returned merchandise on an online e-commerce marketplace, liquidating the inventories of minimum 18 failed dot-com companies at a below-wholesale price. And at present, Overstock is successfully selling home decors, furnitures, bedding, and various other goods, which are closeout merchandise; but it also sells new merchandise.
In the year 2002, Overstock conducted an IPO at a per-share price of $13, that is, after acquiring a recognizable growth as well as profits in some early quarters, acquired a profit of $7.7 million in the year 2009 & reported its first billion-dollar year in the year 2010.
Their business started rebranding in early 2011, as “O.co”, in order to solve as well as unite its international operations, however, the effort was interrupted a few months later as it created consumer confusion due to the new name.
The company is well-known because they are passionate to do their part to make life better. It also offers high-quality merchandise, great value, as well as excellent customer service. They help people to connect with products & services in new as well as unexpected methods. The company do every bit to build dream homes for everyone out there.
Overstock supports numerous local as well as national charities and provides carbon-neutral shipping, & also is a fur as well as an ivory-free retailer.