Overstock.com Ranked No. 2 On National Retail Federation’s 2021 Hot 25 Retailers List
August 09 2021 - 8:30AM
Overstock.com, Inc. (NASDAQ:OSTK), a leading e-commerce home
furnishings retailer, has received the No. 2 ranking on the
National Retail Federation’s annual Hot 25 Retailers list. The list
ranks the nation’s fastest-growing retail companies, as determined
by increases in domestic sales between 2019 and 2020. Overstock
placed No. 2 after achieving 75 percent sales growth with $2.5
billion in 2020 up from $1.5 billion in 2019.
“This recognition from the National Retail Federation reflects
our strategic focus on our home business and our team’s ability to
deliver results during a difficult year,” said Jonathan Johnson,
Overstock CEO. “Overstock has exceptional employees who work hard
every day to profitably grow our market share. We are well poised
for continued success for the rest of 2021 and beyond.”
The U.S. Hot 25 list is the annual ranking of the nation’s most
impactful and fastest-growing retail companies. Compiled by the NRF
using Kantar data, rankings are determined by year-over-year
percentage increases in domestic sales.
“It’s clear that many of the retailers who achieved the
strongest growth in 2020 can attribute a portion of their success
to their expertise in serving shoppers during the pandemic,” Susan
Reda, Vice President of Education Strategy at NRF. “Still, the fact
that Overstock snagged the No.2 spot on the Hot 25 list is quite an
achievement. For some time now the company has been working to
become the go-to destination for home goods. It would appear
shoppers are getting that message.”
Retailer sales and growth figures are based on Kantar’s Retail
IQ integrated research methodology. To learn more about Kantar’s
research and reporting methodology, visit
https://retailiq.kantar.com/.
For more information on career opportunities at Overstock, visit
https://www.overstock.com/careers.
About Overstock.comOverstock.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, area rugs, bedding and bath,
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. In
2014, Overstock was the first major retailer to accept
cryptocurrency as a form of payment and continues to do so.
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.
About NRFThe National Retail Federation, the
world’s largest retail trade association, passionately advocates
for the people, brands, policies and ideas that help retail thrive.
From its headquarters in Washington, D.C., NRF empowers the
industry that powers the economy. Retail is the nation’s largest
private-sector employer, contributing $3.9 trillion to annual GDP
and supporting one in four U.S. jobs – 52 million working
Americans. For over a century, NRF has been a voice for every
retailer and every retail job, educating, inspiring and
communicating the powerful impact retail has on local communities
and global economies.
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 contained within this release. 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, 2020, which was filed with the SEC on
February 26, 2021, in our Form 10-Q for the quarter ended March 31,
2021, which was filed with the SEC on May 6, 2021, in our From 10-Q
for the quarter ended June 30, 2021, which was filed with the SEC
on August 5, 2021, and in our subsequent filings with the SEC.
ContactsInvestor Relations:Alexis
Callahan801-947-5126ir@overstock.com |
Media Relations:Megan Herrick801-947-3564pr@overstock.com |
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