2014

STORES Magazine Ranks Overstock.com Second Hottest Retailer in the Nation

    SALT LAKE CITY, Aug. 1 /PRNewswire-FirstCall/ -- STORES Magazine, the
 official publication of the National Retail Federation (NRF), announced
 today that Overstock.com (Nasdaq:   OSTK) was named to the Hot 100 Retailers
 list. Ranked second in the nation, Overstock.com was the only pure-play
 Internet retailer to make the top 10. In 2005, Overstock's offerings of
 discounted brand-name merchandise saw year-over-year revenues increase 62.5
 percent.
     (Logo: http://www.newscom.com/cgi-bin/prnh/20030520/LATU020LOGO-a)
     "It's nice to have our hard work recognized," said Patrick Byrne,
 chairman and CEO of Overstock.com. "In 2005, we faced one of our greatest
 challenges balancing aggressive growth with overhauling our technology
 infrastructure. For the past six months, we've focused on improving those
 systems and refining our customer service, which we hope will help us top
 the Hot 100 list again next year."
     The Hot 100 Retailers, sponsored by Alliance Data, highlights the
 retail companies that reported the greatest year-over-year revenue
 percentage growth. All public companies with more than $100 million in
 sales were eligible for the list, which provides a definitive ranking of
 the nation's fastest-growing companies. This is the first year that the
 list has been compiled.
     "Though the hottest retailers in the country are not necessarily the
 biggest, they should not be ignored," said STORES Publisher and NRF Vice
 President Rick Gallagher. "Any investor will tell you that sometimes the
 smallest companies have the most potential for growth."
     About Overstock.com
     Overstock.com, Inc. is an online "closeout" retailer offering discount,
 brand-name merchandise for sale over the Internet. The company offers its
 customers an opportunity to shop for bargains conveniently, while offering
 its suppliers an alternative inventory liquidation distribution channel.
 Overstock.com, headquartered in Salt Lake City, is a publicly traded
 company listed on the NASDAQ National Market System and can be found online
 at http://www.overstock.com.
     Overstock.com is a registered trademark of Overstock.com, Inc. All
 other trademarks 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, but are not limited to, statements regarding the company's ability
 to be on the top of the Hot 100 list again and such other risks as
 identified in our Form 10-K for the year ended December 31, 2005, and all
 our subsequent filings with the Securities and Exchange Commission, which
 contain and identify important factors that could cause the actual results
 to differ materially from those contained in our projections or
 forward-looking statements.
 
 

SOURCE Overstock.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.