Overstock.com Opens Warehouse in Jonestown, Pennsylvania
New location will reach customers in the eastern U.S. with two day shipment
SALT LAKE CITY, Oct. 8, 2013 /PRNewswire/ -- Overstock.com, Inc. (NASDAQ: OSTK) announced the opening of a distribution center in Jonestown, PA.. The new operation will allow a faster fulfillment of orders by taking advantage of a state-of-the-art warehouse while providing room for growth. Shipping products from the Jonestown facility will provide orders to customers from Maine to Florida within two days of order shipment.
"We are focused on the quick and efficient delivery of products to our customers at the best prices possible," said Overstock.com Chairman and CEO, Patrick M. Byrne. "With the addition of this new Jonestown warehouse, Overstock.com can now provide even faster delivery to our eastern United States customers."
Initially, the Jonestown warehouse brings 15 jobs to the area with additional jobs forthcoming as operations scale over the next few years. Overstock.com's primary warehouse will remain in Salt Lake City, Utah.
Shipping is free to all Overstock.com customers for orders of $50 or more. Shipping on orders less than $50 is only $2.95, regardless of how many items are ordered. Members of Club O, Overstock.com's loyalty program, receive free shipping and at least 5 percent in reward dollars on all purchases, 15 percent in reward dollars on book purchases, and 25 percent in reward dollars on select products. Club O memberships are available for $19.95 per year and are free to members of the United States Armed Forces.
Overstock.com (NASDAQ: OSTK) is an online discount retailer based in Salt Lake City, Utah that sells a broad range of products including furniture, rugs, bedding, electronics, clothing, jewelry and cars. Worldstock.com, a fair trade department dedicated to selling artisan-crafted products from around the world offers additional unique items. Main Street Revolution supports small businesses across the United States by providing them a national customer base. The Nielsen State of the Media: Consumer Usage Report placed Overstock.com among the top five most visited mass merchandiser websites in 2011. The NRF Foundation/American Express 2011 Customer Choice Awards ranked Overstock.com #4 in customer service among all U.S. retailers. Overstock.com sells internationally under the name O.co. Overstock.com (http://www.overstock.com and http://www.o.co) regularly posts information about the company and other related matters under Investor Relations on its website.
Overstock.com®, O.co®, Worldstock Fair Trade® and Club O Rewards® are registered trademarks of Overstock.com, Inc. O.info™, Club O™, Club O Dollars™ and Your Savings Engine™ are trademarks of Overstock.com, Inc.
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, but are not limited to, statements regarding current and future operations of the announced warehouse facility and statements regarding shipping times. 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, 2013 which was filed with the SEC on July 25, 2013, and any subsequent filings with the SEC.
SOURCE Overstock.com, Inc.
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