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“2019 was a milestone year for Overstock, celebrating two decades as a top online retailer,” said
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.”
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
Source: Overstock.com, Inc.