Overstock Expands One-Day Delivery Capabilities with New California Fulfillment Center
September 17 2020 - 8:30AM
Overstock.com, Inc. (NASDAQ:OSTK), a leading ecommerce home
furnishings retailer, recently 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.
“This California fulfillment center positions us to provide a
better delivery process to our customers,” said Ron Hilton, Chief
Sourcing and Operations Officer at Overstock.com. “Its close
proximity to major ports, as well as its centralized location in
one of our largest markets made Fontana ideal to create a more
efficient bridge between our suppliers and our customers. I’m proud
of our team’s effort as they continue to enhance the sophisticated
and robust supply chain and operations process we have in
place.”
Overstock’s customer focus has centered the retailer on helping
shoppers easily find the products they are looking for at a smart
value and with easy delivery and support. With customers in mind,
Overstock operates strategically positioned fulfillment centers in
Pennsylvania and Kansas in addition to its new California facility.
These centers, grouped with a network of thousands of partner
warehouses across the country and proprietary fulfillment software,
help ensure fast, accurate, and secure delivery to customers.
“Overstock prides itself on providing customers a fast, free and
predictable delivery experience,” said Dave Nielsen, Overstock.com
President. “As sales continue to grow with increased customer
migration online, our new California facility improves the customer
experience through faster delivery speed in one of Overstock’s
largest markets.”
The Fontana, California fulfillment center commenced operations
on August 3, 2020.
For more information on Overstock and its subsidiaries, visit
the company’s newsroom and investor relations page.
About OverstockOverstock.com, Inc Common
Stock (NASDAQ:OSTK) / Series A-1 Preferred Stock (tZERO ATS:OSTKO)
/ Series B Preferred Stock (OTCQX:OSTBP) is an online retailer
and technology company based in Salt Lake City, Utah. Its
leading e-commerce website sells a broad range of new home products
at low prices, including furniture, décor, rugs, bedding, home
improvement, and more. The online shopping site, which is visited
by tens of millions of customers a month, also features a
marketplace providing customers access to millions of products from
third-party sellers. Overstock was the first major retailer to
accept cryptocurrency in 2014, and in the same year
founded Medici Ventures, its wholly owned subsidiary dedicated
to the development and acceleration of blockchain technologies to
democratize capital, eliminate middlemen, and re-humanize commerce.
Overstock regularly posts information about the Company and other
related matters on the Newsroom and Investor
Relations pages on its website, Overstock.com.
O, Overstock.com, O.com, Club O, and Worldstock are registered
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, including but not limited to
statements regarding the California Fulfillment Center.
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 Annual
Report on Form 10-K for the fiscal year ended December 31, 2019,
which was filed with the SEC on March 13, 2020, in our Form 10-Q
for the quarter ended March 31, 2020, which was filed with the SEC
on May 7, 2020, in our Form 10-Q for the quarter ended June 30,
2020, which was filed with the SEC on August 6, 2020, and in our
subsequent filings with the SEC.
SOURCE: Overstock.com, Inc.
Contacts Investor Relations:Alexis
Callahan801-947-5126ir@overstock.com |
Media:Overstock Media Relations801-947-3564pr@overstock.com
|
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