Profile: Overstock com Inc (OSTK.OQ)
23 Jun 2017
Overstock.com, Inc., incorporated on February 27, 2002, is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods. It operates Retail and Medici businesses. Its Retail business consists of its Direct and Partner segments. Its Other segment consists of Medici. The Company also sells various books, magazines, compact discs (CDs), digital versatile discs (DVDs) and video games. The Company sells these products and services through its Internet Websites located at www.overstock.com, www.o.co and www.o.biz.
The Company's other offerings include Worldstock Fair Trade, Main Street Revolution, Farmers Market, Pet Adoptions, Insurance and Supplier Oasis. Worldstock Fair Trade, a store within its Website, offers handcrafted products made by artisans all over the world. The Main Street Revolution, a store within its Website, offers products from small businesses across the United States offering their products using the Company's national marketing and distribution channels. Supplier Oasis is a single integration point, through which its partners can manage their products, inventory and sales channels, while tapping into its distribution network. The Company's international business offers products to customers outside the United States using the United States-based third party logistics providers. Pet Adoptions is a free service and tab within its Website that displays pets available for adoption from shelters across the United States. Farmers Market is a tab within its Website where its customers can order locally grown fresh produce and other food products. Insurance is a tab within its Website where its customers can shop for insurance for both personal and business insurance policies.
The Company's Direct Business segment includes sales made to individual consumers and businesses from its owned inventory and that are fulfilled primarily from its warehouse in Salt Lake City, Utah. Its warehouses primarily fulfill orders from its direct business, but also fulfill orders on behalf of its partners through its Supplier Oasis offering.
For its Partner Business, the Company sells merchandise from manufacturers, distributors and other suppliers (partners) primarily through its Website. As of December 31, 2016, the Company had relationships with approximately 4,100 third parties. These third-party partners generally perform the same fulfillment operations as its warehouses, such as order picking and shipping; however, it handles returns and customer service related to all orders placed through its Website.
The Company's Medici Business initiatives leverage the security, transparency and immutability of cryptographically protected, distributed ledgers, such as the Blockchain, and are focused on solving important problems, including financial transaction issues, particularly in the area of securities settlement. Through its subsidiary, Medici Ventures Inc., the Company holds minority investments in various technology companies.
The Company competes with Alibaba Group, Amazon.com, eBay, Rakuten.com, Blue Nile, Bluefly, Houzz, Jet.com, Wayfair, Zappos.com, Zulily, Groupon, Living Social, Rue La La, Ashley Furniture, Bob's Discount Furniture, Havertys, Raymour & Flanigan, Rooms To Go, Barnes and Noble, Bed, Bath & Beyond, Best Buy, Costco Wholesale Corporation, Crate and Barrel, Ethan Allen, Gilt, Home Depot, HomeGoods, Hudson's Bay Company, IKEA, J.C. Penny Company, Kirkland's, Kohl's, Lands' End, Lowe's, Macy's, Nordstrom, Pier 1 Imports, Pottery Barn, Restoration Hardware, Ross Stores, Saks Fifth Avenue, Sears Holding Corporation, T.J. Maxx, Target Corporation, Wal-Mart, Williams-Sonoma and SmartBargains.
Overstock com Inc
799 W Coliseum Way
MIDVALE UT 84047-4867