Customer Day is coming to Overstock on October 4, providing customers with the chance to shop its biggest sale of the year.
Overstock has opened a new fulfillment center in Fontana, California, in partnership with UPS Supply Chain Services. The new fulfillment center further aligns Overstock’s logistical footprint with key customers, significantly improving shipping speed, providing more accurate delivery estimates as well as a quicker port to warehouse process.
Overstock’s board of directors has appointed Barbara Messing as its newest independent director on August 4. Messing most recently held the role of svp/chief marketing officer for Walmart U.S., leading the marketing organization across the stores and e-commerce business while developing and amplifying brand strategy.
The Delaware Supreme Court recently ruled in favor of Overstock in its gift card escheatment appeal. The 5-0 decision by the Delaware Supreme Court reverses the lower Delaware Superior Court’s judgment for $8.6 million against Overstock.
Overstock has been awarded a U.S. government contract with the General Services Administration (GSA) as one of three online retailers providing business-to-business (B2B) e-commerce capabilities for federal agencies.
The board of directors of Overstock has appointed William Nettles as a new independent director. Nettles is a co-founder and managing partner of Invictus Growth Partners, a private equity firm located in San Francisco that invests in and advises automation-enabled technology companies.
Overstock has appointed Adrianne Lee as its chief financial officer. Lee will assume the role on March 31, 2020 and will oversee all financial aspects of the company, including financial planning and analysis, accounting and financial reporting, and managing tax, treasury, internal audit, and investor relations.
Overstock has appointed Mark Baker as chief product officer of its retail shopping site. In this role, Baker will lead all product management and user experience across the company’s customer, marketing, digital experience, merchandising, and operations organizations.
Overstock has appointed Joel Weight as chief technology officer for its retail shopping site. Weight is a nine-year veteran of Overstock’s family of companies, most recently serving as chief operations officer at Medici Ventures, Overstock’s wholly owned subsidiary and blockchain accelerator.
The board of directors of Overstock has appointed Dr. Robert Shapiro to the board as of February 17. Shapiro is the chairman and founder of Sonecon, LLC, a firm advising businesses, governments and non-profit organizations on economic and security-related matters.
On October 6, Overstock will celebrate its 20th anniversary with what it said will be the biggest event in company history, Customer Day. The 36-hour sale will run through October 7 and will give customers access to Overstock’s deepest discounts, free shipping, double rewards and limited time Flash Deals.