Overstock Announces Free Shipping on Everything, Delivering Permanent Savings for Customers
October 22 2020 - 8:30AM
Overstock.com, Inc. (NASDAQ:OSTK), a leading e-commerce company for
all things home, announced today free shipping on all orders,
offering shoppers ongoing savings for years to come. This new
benefit applies to all inventory, requires no subscription or
annual fee, requires no minimum purchase price, and does not have
an item size or price cap.
Overstock initially introduced free shipping on everything in
late March in response to the pandemic’s stay-at-home orders, with
the goal of easing consumers’ financial burdens. As this shopping
benefit continued to resonate with new and existing customers,
Overstock made the limited-time offer permanent for shoppers all
across the continental United States.
“We have always prided ourselves in offering quality and value.
Free shipping on everything fits right into Overstock’s mantra,”
said Krista Mathews, the company’s Chief Customer Officer. “We’ve
found that shipping costs are among the top consumer purchase
drivers when choosing where to shop. Whether you are buying a $20
lamp or a $2,000 couch, shipping is free.”
Prior to this new shopping benefit, shipping was free for orders
over $45 and on all orders for members of Overstock’s loyalty
program, Club O. Club O members will continue to have exclusive
benefits such as free returns, price match guarantee, five percent
rewards on every purchase, and more.
“Free shipping is typically only available through an annual
subscription fee or a minimum purchase price,” said Dave Nielsen,
President of Overstock Retail. “Overstock has removed these
requirements for customers during tough economic times and ahead of
the holiday season. We’re providing our customers even more savings
so they can create their dream homes.”
For more information on shipping, visit our policy here.
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.
Cautionary Note Regarding Forward-Looking
StatementsThis 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 free shipping on everything. 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.
ContactsInvestor Relations:Alexis
Callahan801-947-5126ir@overstock.com |
Media:Overstock Media Relations801-947-3564pr@overstock.com |
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