SALT LAKE CITY, Jan. 4 /PRNewswire-FirstCall/ -- Overstock.com, Inc. (Nasdaq: OSTK) today announced that it will no longer sell products made from exotic skins. According to company officials, the Salt Lake City-based online retailer "has removed from its site all apparel and accessory products which feature exotic animal skins, including snake, alligator, crocodile, lizard, ostrich, stingray, eel, shark or kangaroo and will no longer sell such products."
"Some processors of these skins use inhumane methods and, while I understand that not all processors employ these methods, we are removing these products from our website and committing not to sell them in the future," said Overstock.com Chairman and CEO Patrick Byrne. "I want to thank PETA for informing us of these issues and presenting us with evidence that factored into our decision."
Overstock.com made a similar move for the same reason in 2008 by banning the sale of apparel and accessory products made from fur. Overstock.com has also banned the sale of ivory products.
Overstock.com, Inc. is an online retailer offering brand-name merchandise at discount prices. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory distribution channel. Overstock.com, headquartered in Salt Lake City, is a publicly traded company listed on the NASDAQ Global Market System and can be found online at http://www.overstock.com. Overstock.com regularly posts information about the company and other related matters on its website under the heading "Investor Relations."
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 intent to remove all apparel and accessory products incorporating exotic animal skins from the company's website. Our Form 10-K/A for the year ended December 31, 2009, our subsequent quarterly reports on Form 10-Q, or any amendments thereto, and our other subsequent filings with the Securities and Exchange Commission identify important factors that could cause our actual results to differ materially from those contained in our projections, estimates or forward-looking statements.
SOURCE Overstock.com, Inc.