Overstock.com Reports Strong Growth During Inaugural Customer Day Sale Event
October 16 2018 - 2:46PM
Overstock.com, Inc. (NASDAQ:OSTK) today reported results from its
largest non-Holiday sales event ever: Overstock Customer Day. On
Monday, October 15, the company celebrated its customers with its
first branded shopping holiday, Customer Day, which saw the largest
number of products ever discounted during a single-day shopping
event at Overstock.
“We wanted to do something big for our customers, and the result
was the largest single-day home sales event we have ever held,”
said JP Knab, Chief Marketing Officer for Overstock.com. “Customer
Day wasn’t just a big day of discounts, it was one of the biggest
home-shopping events of the year, and we’re proud to be the brand
bringing millions of dollars of savings to our customers.”
Customer Day was recorded as Overstock’s strongest non-Holiday
sale in its history and one of its strongest days of 2018. The
retailer reported:
- 100 percent growth in furniture sold
- More than 80 percent growth in Area Rugs sold
- Nearly 80 percent growth in Mattresses sold
- 20 Percent Growth in Basket Size
Customer Day, which is held during Overstock’s annual
Anniversary Sale, saw a surge in partner participation, featuring
more than 1.5 million products discounted during the 24-hour sale,
the most in site history. The sale showcased deals on an assortment
of products that had never been discounted (including new products
and highest rated favorites) across multiple categories, including
area rugs, bedding, all home décor, and Overstock’s exclusive
private label brands.
“We look forward to celebrating this day every year. This was an
important and record-setting day for Overstock, and more
importantly, for our customers,” said Knab. “Being able to
celebrate our loyal customers with this level of savings is
something we are thrilled to be able to do. Customer Day was and
will continue to be the best event to find amazing deals on home
products, but Overstock continues to deliver exactly what customers
want, for less, every day.”
About Overstock.com
Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A
Preferred (Medici Ventures’ tZERO platform: OSTKP) / Series B
Preferred (OTCQX:OSTBP) is an online retailer based in Salt Lake
City, Utah that sells a broad range of products at low prices,
including furniture, décor, rugs, bedding, and home improvement. In
addition to home goods, Overstock.com offers a variety of products
including jewelry, electronics, apparel, and more, as well as a
marketplace providing customers access to hundreds of thousands of
products from third-party sellers. Additional stores include Pet
Adoptions and Worldstock.com dedicated to selling artisan-crafted
products from around the world. Forbes ranked Overstock in its list
of the Top 100 Most Trustworthy Companies in 2014. Overstock
regularly posts information about the company and other related
matters under Investor Relations on its website,
http://www.overstock.com.
O, Overstock.com, O.com, Club O, Main Street
Revolution, and Worldstock are registered trademarks of
Overstock.com, Inc. O.biz and Space Shift are also
trademarks of Overstock.com, Inc. Other service marks, trademarks
and trade names which may be referred to herein are the
property of their respective owners.
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements include all statements other than
statements of historical fact. Additional information regarding
factors that could materially affect results and the accuracy of
the forward-looking statements contained herein may be found in the
Company's Form 10-Q for the quarter ended June 30, 2018, which was
filed with the SEC on August 9, 2018, and any subsequent filings
with the SEC.
SOURCE: Overstock.com, Inc.
Media Contact:pr@overstock.com
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/6bd51803-232a-4074-b8dd-2b226e1f808a
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