Profile: Overstock com Inc (OSTK.OQ)
Overstock.com, Inc., incorporated on February 27, 2002, is an online retailer offering a range of merchandise, including furniture, home decor, bedding and bath, houseware, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods, among other products. The Company operates through two segments: direct business and partner business. The Company also sells books, magazines, compact discs (CDs), digital versatile discs (DVDs) and video games under books, movies, music and games (BMMG) category. Overstock sells these products through its Internet Websites located at www.overstock.com, www.o.co and www.o.biz. The Company offers approximately 877,000 non-BMMG products and 1.1 million BMMG products. The Company's Website Shopping section is organized into product and service lines or featured categories, including for the home, furniture, bed & bath, women, men, jewelry, watches, health & beauty, electronics, worldstock, sports & outdoors, craft & sewing, luggage & bags, baby, kids, toys & hobbies, books movies music games, office, pet supplier, liquidations, farmers market, as seen on TV, emergency preparedness, food & gifts, main street revolution, pet adoption, and sales.
The Company has developed various fintech and crypto software products, including blockchain software. 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. It offers an online car listing service, which allows sellers to list vehicles for sale and allows buyers to review vehicle descriptions and post offers to purchase, and provides the means for prospective purchasers to contact sellers for further information and negotiations on the purchase of an advertised vehicle.
The Company's direct business includes sales made to individual consumers and businesses from its owned inventory and fulfilled primarily from its leased warehouses in Salt Lake City, Utah. The Company fulfills approximately 8% of the order volume through its warehouses. Its warehouses ship between 2,000 and 5,000 packages per day, and approximately 16,000 packages per day during peak periods, using overlapping daily shifts.
For the Company's partner business, it sells merchandise from manufacturers, distributors and other suppliers, primarily through its Website. The Company has relationships with approximately 3,200 third parties supplying approximately 870,000 non-BMMG products, as well as the BMMG products, on its Website. These third party partners perform the fulfillment operations, such as order picking and shipping. The Company handles returns and customer service related to substantially all orders placed through its Website.
The Company competes with SmartBargains, Alibaba Group, Amazon.com, Inc., eBay, Inc., Rakuten.com, Inc., Blue Nile, Bluefly, 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, Lowes, 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 and Williams-Sonoma.
Overstock com Inc
6350 S 3000 E
SALT LAKE CITY UT 84121-5952
Company Web Links
- BRIEF-Overstock.com names Mitch Edwards acting CEO
- BRIEF-Overstock.com CEO Patrick Byrne to take medical leave of absence
- Overstock invests $4 million in Caribbean firm working on digital currencies
- Overstock invests $4 mln in Caribbean firm working on digital currencies
- Overstock to issue stock to be traded on blockchain platform