Overstock.com opens Kansas City warehouse to bring two-day shipping to 99% of United States customers by October
September 13 2018 - 9:00AM
Overstock.com, Inc. (NASDAQ:OSTK) announced plans to open a
warehouse in Kansas City, Kansas, with distribution from the
facility expected to begin in October. The new warehouse is
strategically positioned to allow Overstock to offer two-day ground
shipping to more than 99% of customers in the contiguous United
States.
“Overstock.com has always focused on finding ways to continually
offer our customers the best possible shopping experience,
including their delivery and post-delivery needs,” said Carroll
Morale, Overstock’s vice president of supply chain. “Integrating
the new Kansas City warehouse to our existing supply chain network
will help us provide faster shipping to our customers just in time
for holiday shopping, delivering an improved customer experience
alongside the products in every order.”
Overstock has leased the full 517,000-sq.-ft. warehouse located
at 5300 Kansas Avenue and plans to immediately integrate the new
warehouse into its outbound delivery supply chain, including moving
top-selling products from its core inventory and strategic partners
into the facility. Eventually, the company will expand the
facility’s functionality to include returns processing and expects
that the Kansas City warehouse will create more than 100 jobs for
the local community within the next two years.
“We are thankful for the support we’ve received from the Kansas
Department of Commerce as we have expanded our supply chain to
include the new facility in Kansas City,” continued Morale. “This
warehouse is another step towards continuing to strategically
expand our two-day shipping lanes throughout the country and
decrease delivery times for customer orders.”
The opening of Overstock’s newest warehouse coincides with the
retailer’s annual Anniversary Sale. During the sale, customers will
receive deep discounts on its top-selling products, while members
of Overstock’s Club O Loyalty Program will also receive access to
additional preferred customer perks and 10% rewards on select
products alongside the everyday free shipping and 5% rewards on all
purchases they already enjoy as members of the loyalty program.
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 millions 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
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