Difference between revisions of "Overstock Inc."
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==Background== | ==Background== | ||
| − | Overstock.com was originally founded by Robert Brazell as D2: Discounts Direct, a limited liability corporation in 1997. D2:Discounts Direct failed and it was acquired Dr. Patrick M. Byrne.<ref>[http://www.yiliaobk.com/information-about-overstock-coupon-code.htm Information about Overstock coupon code]</ref> In 1999, Byrne launched the company website under its new name, Overstock.com selling excess inventory merchandise with less than 100 products. Byrne established Overstock.com under the principles of value,investing and fair dealing.<ref>[http://www.overstock.com/about?TID=FOOT:CI:ABOUT Company History]</ref> In 1999, the company recorded $1,089,873,000 in total revenue.<ref>[http://www.overstock.com/about Corporation Information Quick Statistics]</ref> In 2002, the company filed its Initial Public Offering (IPO) under the ticker symbol OSTK with the Security and Exchange Commission. Overstock.com offered 3 million common shares at $13 per share and it was able to raise $39 million. <ref> | + | Overstock.com was originally founded by Robert Brazell as D2: Discounts Direct, a limited liability corporation in 1997. D2:Discounts Direct failed and it was acquired Dr. Patrick M. Byrne.<ref>[http://www.yiliaobk.com/information-about-overstock-coupon-code.htm Information about Overstock coupon code]</ref> In 1999, Byrne launched the company website under its new name, Overstock.com selling excess inventory merchandise with less than 100 products. Byrne established Overstock.com under the principles of value,investing and fair dealing.<ref>[http://www.overstock.com/about?TID=FOOT:CI:ABOUT Company History]</ref> |
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| + | In 1999, the company recorded $1,089,873,000 in total revenue.<ref>[http://www.overstock.com/about Corporation Information Quick Statistics]</ref> In 2000, Overstock.com acquired ToyTime.com Inc.,<ref>[http://www.overstock.com/wallstreet.html Overstock.com Feeds on Assets Of Distressed Web 'E-Tailers']</ref> Gear.com, a leading closeout online retailer of sporting goods, online jewelers Miadora.com, Jewelry.com.<ref>[http://www.deseretnews.com/article/787982/SL-based-Overstockcom-triples-inventory-through-acquisitions.html S.L.-based Overstock.com triples inventory through acquisitions]</ref> | ||
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| + | In 2002, the company filed its Initial Public Offering (IPO) under the ticker symbol OSTK with the Security and Exchange Commission. Overstock.com offered 3 million common shares at $13 per share and it was able to raise $39 million. <ref> | ||
[http://www.wrhambrecht.com/ind/auctions/openipo/ostk/ostk20020529.pdf overstock.com, Inc. Initial Public Offering]</ref> | [http://www.wrhambrecht.com/ind/auctions/openipo/ostk/ostk20020529.pdf overstock.com, Inc. Initial Public Offering]</ref> | ||
Revision as of 01:01, 10 September 2011
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| Type: | Public |
| Industry: | Internet Retailer |
| Founded: | 1999 |
| Founder(s): | Dr. Patrick M. Byrne |
| Headquarters: | Salt Lake City, Utah |
| Country: | USA |
| Revenue: | $1,089,873,000 as of 2010 [1] |
| Website: | Overstock.com |
| Facebook: | O.co |
| Twitter: |  @odotco
|
| Key People | |
| Dr. Patrick M. Byrne, Chairman & CEO Jonathan E. Johnson III, President Geoff Atkinson, SVP, CRM & Demand Management Steve Chesnut, SVP Finance Sam Peterson, SVP Technology Stormy D. Simon, Board Member & SVP Customer Experience | |
Overstock.com also known O.co is an online close out retail store offering a variety of brand name merchandise including apparel, bed & bath,electronics, home decorations, furniture, jewelry, kitchenware and many other products. The company also maintains an auction site where interested entities will be able to buy and sell products and services. A listing for cars and real estate for sale is also available in the company website.[2]
Background
Overstock.com was originally founded by Robert Brazell as D2: Discounts Direct, a limited liability corporation in 1997. D2:Discounts Direct failed and it was acquired Dr. Patrick M. Byrne.[3] In 1999, Byrne launched the company website under its new name, Overstock.com selling excess inventory merchandise with less than 100 products. Byrne established Overstock.com under the principles of value,investing and fair dealing.[4]
In 1999, the company recorded $1,089,873,000 in total revenue.[5] In 2000, Overstock.com acquired ToyTime.com Inc.,[6] Gear.com, a leading closeout online retailer of sporting goods, online jewelers Miadora.com, Jewelry.com.[7]
In 2002, the company filed its Initial Public Offering (IPO) under the ticker symbol OSTK with the Security and Exchange Commission. Overstock.com offered 3 million common shares at $13 per share and it was able to raise $39 million. [8]
Objective
The company aims to become the leading internet-based close-out solution for brand name merchandise holders and the primary one-stop online discount shop for consumers.[9]
Company Growth and Expansion
References
- ↑ Revenue 2010
- ↑ www.overstock.com Who We Are
- ↑ Information about Overstock coupon code
- ↑ Company History
- ↑ Corporation Information Quick Statistics
- ↑ Overstock.com Feeds on Assets Of Distressed Web 'E-Tailers'
- ↑ S.L.-based Overstock.com triples inventory through acquisitions
- ↑ overstock.com, Inc. Initial Public Offering
- ↑ Overstock.com FORM 10-K/A