Take an Extra 15% of Jewelry and Watches at Overstock
$40 Off $350
$20 Off $200
Welcome to Overstock.com, an Internet leader for brand names at clearance prices. We help you shop smarter by offering top-quality brand-name merchandise at 40-80% off, every day of the week.At Overstock.com, you'll find a great selection on your favorite brands, all backed by the warranties and service you'd expect.
History:
In the spring of 1999, Dr. Patrick M. Byrne recognized the potential in liquidating excess inventory through the Internet. Up until then, consumers had relied upon far-off outlet centers with crowds and limited product selections for finding bargains, and small retailers found little access into the world of closeout merchandise. Meanwhile, adoption of online shopping was skyrocketing. Patrick calculated that while the Internet would prove inefficient at competing with normal retail channels, it was tailor-made for liquidation due to the highly fragmented and inefficient nature of the industry in the offline world.
Six months later and with no outside funding, the Overstock.com website launched with the mission of being the premier company selling excess inventory through the Internet. Founded on the principles of value investing and fair dealing, Overstock.com has quickly become the on-line leader in a market valued at $60 billion in the United States. Since then, Overstock.com's gross bookings (previously called gross merchandise sales or GMS) have blossomed from $1.8 million in 1999 to $839 million in 2006.
The numbers of products Overstock.com offers has grown from less than 100 in 1999, to more than 36,000 non-BMV (Books, Music, Video and Interactive Games) products and approximately 500,000 BMV products. Overstock calculates that, since launching the site in October 1999, Overstock.com has saved consumers millions of dollars off the retail prices recommended by manufacturers.
No comments:
Post a Comment