Overstock’s Byrne Defends Sale Of Personal Shares

After what he called an “unanticipated stir” among shareholders who questioned his sale of approximately 900,000 personal shares of Overstock, founder and CEO Patrick Byrne released a letter to shareholders defending the move.

Overstock Q3 Revenue Up, But Losses Also Grow

Overstock.com pursued more robust marketing initiatives in the third quarter ended September 30 and, partially because of those efforts, posted a net loss of $47.9 million, or $1.55 per diluted share, versus $786,000, or three cents per diluted share, in the year-earlier period.

Overstock Adds To Executive Team

Overstock.com has added three new executives to its retail leadership team. Catherine Borda was appointed to the newly created position of chief customer officer, Chris Donnelly appointed chief of staff to the president, and former Overstock co-president Dave Nielsen appointed chief sourcing and operations officer.

Overstock To Hold Customer Day October 15

Overstock.com is seizing a day of its own. Like its pure play competitors, Overstock is designating a day, October 15, for a special promotional event. The foundation of the promotion will be the company’s 19th anniversary.

Retail Reacts To Supreme Court Sales Tax Ruling

Across the retail industry, some disagreement has followed a U.S. Supreme Court ruling upholding a 2016 South Dakota law that requires online merchants to collect state sales tax if, annually, they do more than $100,000 in sales or complete 200 transactions with state residents.

Overstock Survey Demonstrates Consumer Style Independence

Are the myriad design trends in the housewares and home furnishings marketplace overwhelming consumers? Overstock.com has determined, through its inaugural “Not Another Trend Survey,” that consumers may be dizzied by all the home style and fashion input they get when shopping.

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