Overstock.com Shares Insights on 2019 Retail Shopping
December 19 2019 - 02:09PM
Overstock.com, Inc. (NASDAQ:OSTK) released insights,
highlighting consumer shopping habits in 2019 on its leading home
goods and furniture shopping site, Overstock.com.
“2019 was a milestone year for Overstock, celebrating two
decades as a top online retailer,” said Krista Mathews, Chief
Customer Officer at Overstock.com. “Now, as we wrap up our 21st
holiday season, we have the opportunity to review this past year
and the most popular customer choices.”
On trend with previous years, home goods, furniture, and décor
led Overstock’s sales; specifically, area rugs, patio furniture,
and living room furniture and décor. Online shoppers are not only
showing increased confidence in retailers, they are also asking
more from these retailers and their products. Customers had an
increased inclination towards cross-functional furniture that
offers both style and utility like murphy beds, bookcase
headboards, storage ottomans, and patio furniture that is trendy,
easy to store, and durable. Overstock also saw customers spring up
in numbers around specific products in the mattress and appliance
categories. Our private label brands saw their biggest year on site
with more customers choosing the shop-by-style convenience and
exclusivity of the twelve brands. Additionally, shoppers showed the
most interest in chic, sleek, and minimal mid-century modern vibes,
and charming farmhouse styles.
“Our team is constantly discovering new products, brands,
styles, and technologies to ensure we are delivering our shoppers
the products they want at the best possible prices,” said Matthews.
As we move into 2020, we look forward to building even stronger
relationships with our customers, both new and old, in the years to
come. Happy Holidays.”
About Overstock.com
Overstock.com, Inc Common Shares (NASDAQ:OSTK) / Digital
Voting Series A-1 Preferred Stock (tZERO platform:OSTKO) / Series B
Preferred (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 products at low prices,
including furniture, décor, rugs, bedding, home improvement, and
more. The online shopping site, which is visited by nearly 40
million 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 developing and accelerating 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, Main Street
Revolution, 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. 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 September 30, 2019, which
was filed with the SEC on November 12, 2019, 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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