Overstock.com Expanding Physical, Digital Presence Following U.S. Supreme Court Ruling
June 25 2018 - 11:22AM
Overstock.com, Inc. (NASDAQ:OSTK) will begin expanding its
physical and digital operations, including supply chain, marketing,
and recruiting, into states in which tax nexus concerns previously
prevented the company from having a direct presence.
The online home goods and furniture retailer voluntarily started
the process to collect sales tax on purchases made by consumers
from the more than 12,000 unique U.S. tax jurisdictions following
the June 21, 2018 Supreme Court ruling on South Dakota v.
Wayfair.
Overstock continues to urge Congress to legislate a fair and
equitable solution for sales tax law that takes into account the
best interests of both consumers and entrepreneurs.
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 March 31, 2018, which was
filed with the SEC on May 8, 2018, and any subsequent filings with
the SEC.
SOURCE: Overstock.com, Inc.
Media Contact:pr@overstock.com
Investor Contact:ir@overstock.com
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