Overstock.com takes ParityPledge to improve opportunity for advancement of women into leadership positions

The ParityPledge aims to bring gender equality to the highest levels of business

SALT LAKE CITY, 2017-Dec-12 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) and its blockchain subsidiary, Medici Ventures, announce they have taken the ParityPledge to increase their commitment to improving the opportunity for advancement of women into leadership positions. By taking the ParityPledge, Overstock and Medici Ventures have committed to interview at least one qualified female candidate for every open executive position, vice president and above, including the C-suite and board of directors.

The ParityPledge is an initiative of Parity.org, a non-profit organization focused on decreasing the amount of gender inequality within businesses. It was founded to correct the blunt reality of gender disparity at the top of companies today, with women representing only 20 percent of S&P 500 corporate executive teams and boards.

“We’re proud to take the ParityPledge to help further our commitment to equal representation of women at the leadership level,” said Meghan Tuohig, Overstock’s vice president of people care. “ParityPledge is a great external compliment to the internal work we have started with the Overstock Women’s Network, which is aimed at providing opportunities for career growth and advancement for our female associates.”

The Overstock Women’s Network was founded by Tuohig in 2017, and uses programming and education for all associates, regardless of gender, to inspire, support, and celebrate females in Overstock’s professional community.

“The most effective teams tend to have diversity amongst their members, bringing different viewpoints and experiences to the table when finding solutions for difficult problems,” said Overstock.com President Saum Noursalehi. “Taking the ParityPledge reaffirms Overstock’s commitment to diversity, and to finding and promoting the best possible talent.”

“We are thankful for organizations like Overstock.com and Medici Ventures that are willing to become role models for change,” said Cathrin Stickney, Parity.org founder and CEO. “We believe their public commitment and example will help us realize exponential progress toward reaching parity at the top.”

“As the technological community in Utah continues to grow, groups like Parity.org and the ParityPledge will help ensure our community grows in a way that is welcoming and empowering for women,” said Jonathan Johnson, Medici Ventures president and Silicon Slopes board member. “Medici Ventures supports this effort that will have a positive impact on so many talented members of the Utahbusiness community.”

Parity.org is scheduled to announce the full list of founding companies, sponsors, and partners during the Silicon Slopes conference in January 2018.

About Overstock.com

Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ tZERO platform: OSTKP) / Series B Preferred (OTCQX:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Pet Adoptions and Worldstock.com dedicated to selling artisan-crafted products from around the world. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website, http://www.overstock.com.

About Medici Ventures:

Launched in 2014, Medici Ventures is a wholly owned subsidiary of Overstock.com, Inc., created to leverage blockchain technology to solve real-world problems with transparent, efficient and secure solutions. Medici Ventures has a growing portfolio of groundbreaking blockchain-focused investments, including tZERO.com, Peernova, Bitt, SettleMint, Factom, and IdentityMind, Spera and Symbiont. The company’s majority-owned financial technology company, tZERO.com, executed the world’s first blockchain-based stock offering in December 2016.

About Parity.org

Parity.org is a 501(c)(3) non-profit organization dedicated to gender equality at the highest ranks of business leadership. Parity.org is assembling a founding advisory board of some of the most recognized men and women leaders in business. The Parity.org URL was generously donated by The Kennedy Forum. You can follow Parity.org on Facebook, LinkedIn and Twitter.

O, Overstock.com, O.com, Club O, Main Street Revolution, and Worldstock are registered trademarks of Overstock.com, Inc. O.biz and Space Shift are also trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein 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 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 September 30, 2017, which was filed with the SEC on November 8, 2017, and any subsequent filings with the SEC.

Media Contact:
pr@overstock.com

Investor Contact:
ir@overstock.com

Source: Overstock.com, Inc./globenewswire

Overstock.com updates its iOS shopping app with AR technology

iOS app update with AR technology available for download now in the App Store

SALT LAKE CITY, 2017-Sep-21 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) announces the launch of augmented reality (AR) within the retailer’s award-winning iOS shopping app. Shoppers using a cell phone or tablet with iOS11 can launch the AR experience directly from the retailer’s app, which features only true-to-life-size 3D models in the highest resolution, giving shoppers the most accurate representation of the product as possible so they can see exactly how it will fit in their room.

With the new technology, Overstock aims to continue to completely change the way people design and decorate their dream homes by making the entire process as effortless as possible. Customers can now place thousands of top products in an AR environment alongside their own furniture and décor to see how the size, textures, and colors match their current room’s design and flow. They can also share pictures of their design through direct messages or social media, and add products to their cart or purchase pieces with Apple Pay with one touch, all without leaving the AR screen.

“Augmented reality is changing the way people shop for furniture and home goods forever,” said Overstock.com President Saum Noursalehi. “Shoppers no longer have to guess how a piece of furniture will fit in their room, or if a pattern will match their existing design style. Instead, they can use their phones to see the exact product in their actual room, helping them make the most informed purchase decision.”

Today, shoppers can view thousands of products sold on Overstock.com within the AR feature, including top-selling furniture, rugs, home goods and décor from leading brands, and will offer each user personalized recommendations within the app to fit their unique style. Eventually the online shopping pioneer expects to have millions of products across all categories available for use within the AR technology, and will be able to use machine learning technology to offer recommendations based on a customer’s existing décor with no more than a simple scan of their room within the AR environment.

“AR is another nail in the coffin for brick and mortar stores, as it removes one of the last remaining advantages physical stores have over e-commerce and solves several major friction points of shopping for home goods online,” Noursalehi continued. “Customers now have the assortment of a home goods store with millions of products and the convenience of seeing how those products fit in their own home before purchasing. And with recent advancements in artificial intelligence and machine learning, soon you will be able to completely decorate an empty room just by mentioning a design style, or see recommendations of products that will match the actual pieces in your home all within the AR environment.”

The new app feature is currently available on the iOS version of the retailer’s shopping app, and utilizes Apple’s ARKit, which is included in the iOS 11 operating system update. Android app AR functionality featuring Google’s new ARCore technology will follow when that operating system is released.

Overstock’s highly-rated shopping app has been awarded five consecutive Mobile App Awards from the Mobile Web Association. The app is available for download from both the App Store and Google Play.

About Overstock.com

Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ t0 platform : OSTKP) / Series B Preferred (OTCQB:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Worldstock.com is a store within Overstock dedicated to selling artisan-crafted products from around the world. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website, http://www.overstock.com.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein 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 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-K for the quarter ended June 30, 2017, which was filed with the SEC on August 3, 2017, and any subsequent filings with the SEC.

Media Contact:
pr@overstock.com

Investor Contact:
ir@overstock.com

Source: Overstock.com, Inc./globenewswire

Overstock.com kicked off its holiday season with its Black Friday Sneak Peek event

SALT LAKE CITY, 2016-Oct-19 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) today (Oct. 18, 2016) kicked off its holiday season with its Black Friday Sneak Peek event, allowing customers to fulfill their holiday shopping even earlier at even more affordable prices. The online retailer will be offering hand-curated doorbuster deals along with additional discounts of up to 70 percent on area rugs, bedding and bath, home décor, jewelry and watches, and other top-selling categories – creating a convenient, one-stop-shop for holiday needs.

“We know that holiday shopping can take an insurmountable toll on finances and family time,” said Saum Noursalehi, president of Overstock.com. “By offering Black Friday value earlier, Overstock.com is enabling consumers to realize savings sooner and spread out the costs associated with the holidays – not to mention, spend more time with family and friends.”

Something for Everyone on the List

Doorbuster deals start Tuesday, Oct. 18 with items such as Beats by Dre Solo 2 On-ear Headphones for $129.99* and Fitbit Blaze Smart Fitness Watch for $169.99*. Other doorbuster deals – such as GoPro HERO4 Black Edition Camera 64GB, Riviera 2.4GHz RC Pathfinder Small Hexacopter Drone, Sealy 12-inch Queen-size Memory Foam Mattress and Michael Kors Women’s ‘Parker’ Logo Dial Rosetone Watch – will be included along with hundreds of other products discounted as part of the sales event running through Thursday, Oct. 27.  With everything from drones to jewelry to home décor, there’s something for everyone on your list.

As part of the event, Overstock.com will also be offering chances to win some of the hottest items in daily giveaways – including Beats by Dr. Dre Executive Over the Ear Headphones, a Christopher Knight Home Hariata Fabric Contour Chair and an Apple 13.3-inch MacBook Air laptop computer. Shoppers can enter to win at www.overstock.com/sweepstakes.

Convenient, On-the-go Shopping Experience with Overstock.com Mobile App

This holiday season, shoppers are expected to increase their digital shopping by 25 percent. With mobile shopping on the rise,Overstock.com is primed to be the go-to online shopping destination this year for Black Friday and the holiday season. Its mobile app, which won best shopping app from Web Marketing Association for four years in a row, makes it easier to search, keep track of and make payments (including Apple Pay or Google Wallet) on your gifts.

A Financial Peace of Mind

Holidays are a time when many consumers go into debt. Not only is Overstock.com helping ease the financial burden by offering savings even earlier, but it also offers an easy way to pay with the Overstock.com store card. The Overstock.com store card offers up to 24 months of special financing available with no interest or annual fee, making it easier than ever to purchase and pay off your holiday shopping list. Additionally, Club O loyalty members can earn 5 percent reward dollars and free shipping on all orders.

*quantities are limited

About Overstock.com
Overstock.com, Inc. (NASDAQ:OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, rugs, bedding, electronics, clothing, and jewelry. Additional stores within Overstock include Worldstock.com, dedicated to selling artisan-crafted products to help developing nations around the world and Main Street Revolution, supporting small-scale entrepreneurs in the U.S. by providing them with a national customer base. Other community-focused initiatives include Farmers Market and pet adoptions.  Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock sells internationally under the name O.co and regularly posts information about the company and other related matters under Investor Relations on its website.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein 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 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 June 30, 2016, which was filed with the SEC on August 4, 2016, and any subsequent filings with the SEC.

Media Contact:
Kirstie Burden
Overstock.com, Inc.
+1 (801) 947-3564
pr@overstock.com

Investor Contact:
Mark Harden
Overstock.com, Inc.
+1 (801) 947-5409
ir@overstock.com

Source: Overstock.com, Inc./globenewswire

Overstock.com to provide furniture and home décor for craftsman-style home for the HGTV Urban Oasis Giveaway 2016

Overstock.com to provide furniture and home décor for craftsman-style home for the HGTV Urban Oasis Giveaway 2016
Overstock.com to provide furniture and home décor for craftsman-style home for the HGTV Urban Oasis Giveaway 2016

 

SALT LAKE CITY, 2016-Sep-27 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) is sponsoring HGTV Urban Oasis®for the second consecutive year, providing furniture and home décor for the craftsman-style home located in Ann Arbor, Michigan.

“The HGTV Urban Oasis really showcases the value, variety, and quality of furniture, décor, and other products Overstock offers customers,” said company president Saum Noursalehi.

This year’s HGTV Urban Oasis home combines the cozy, craftsman motif with modern-day style by infusing mid-century touches with arts and crafts style accents. HGTV will be giving the home away to one lucky winner as part of the grand prize of the HGTV Urban Oasis Giveaway 2016.

Brian Patrick Flynn, an American television producer turned interior designer, along with his team, selected nearly 200 items from Overstock.com, including furniture, area rugs, lighting fixtures, outdoor sporting equipment, and other goods to furnish and decorate the home, which will debut on HGTV on Oct. 5, 2016.

Customers interested in purchasing items seen in the home can shop the entire collection on Overstock.com. During the sweepstakes entry period, which runs from October 4 through November 22, eligible viewers can enter twice per day online at the online retailer’s dedicated HGTV Urban Oasis page.

No purchase necessary. Open to legal residents of the U.S., age 21 or older. Void where prohibited. Sweepstakes starts at 9 a.m. ET on 10/4/16 and ends at 5 p.m. ET on 11/22/16. Odds of winning depend on number of entries received.  For full official rules, visit www.HGTV.com or send a self-addressed stamped envelope to: “HGTV Urban Oasis Giveaway 2016” P.O. Box 53305, Knoxville, TN 37950. Main Sponsor: Scripps Networks, LLC d/b/a Home & Garden Television.

About Overstock.com

Overstock.com, Inc. (NASDAQ:OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, rugs, bedding, electronics, clothing, and jewelry. Additional stores within Overstock include Worldstock.com, dedicated to selling artisan-crafted products to help developing nations around the world and Main Street Revolution, supporting small-scale entrepreneurs in the U.S. by providing them with a national customer base. Other community-focused initiatives include Farmers Market and pet adoptions.  Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock sells internationally under the name O.co and regularly posts information about the company and other related matters under Investor Relations on its website.

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc.  O.biz and Space Shift are also trademarks of Overstock.com, Inc.  Other service marks, trademarks and trade names which may be referred to herein 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 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 June 30, 2016, which was filed with the SEC on August 4, 2016, and any subsequent filings with the SEC.

Media Contact:
Kirstie Burden
Overstock.com, Inc.
+1 (801) 947-3564
pr@overstock.com

Investor Contact:
Mark Harden
Overstock.com, Inc.
+1 (801) 947-5409
mharden@overstock.com

Source: Overstock.com, Inc./globenewswire

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Overstock.com announces the appointment of Vidya Jwala as SVP, demand fulfillment

Overstock.com announces the appointment of Vidya Jwala as SVP, demand fulfillment
Overstock.com announces the appointment of Vidya Jwala as SVP, demand fulfillment

 

SALT LAKE CITY, 2016-Sep-20 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) has named Vidya Jwala as senior vice president of demand fulfillment, responsible for overseeing the e-commerce leader’s sourcing, merchandising, supply chain and customer-care businesses.

Jwala joins Overstock from Walmart, where, as vice president of merchandising and operations, he focused on merchandising planning, category management, pricing and costing. Prior to Walmart, he served in leadership roles at the Tractor Supply Company, Lowe’s Companies, Inc. and Jo-Ann Stores, LLC.

“Vidya brings the knowledge and data-driven approach needed to scale our sourcing and supply chain efforts,” said Overstock President Saum Noursalehi.

Noursalehi noted that Jwala combines experience with nationally known retailers and expertise in business intelligence, analytics and data science to Overstock’s global scale multi-channel e-commerce platforms, including B2B operations, assortment planning, global sourcing and supply-chain optimization.

“We’ve made a tremendous addition to our leadership team by hiring Vidya,” said Overstock CEO Patrick M. Byrne.

Jwala received a Master of Science degree in Industrial and Systems Engineering from Virginia Tech.

About Overstock.com
Overstock.com, Inc. (NASDAQ:OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, rugs, bedding, electronics, clothing, and jewelry. Additional stores within Overstock include Worldstock.com, dedicated to selling artisan-crafted products to help developing nations around the world and Main Street Revolution, supporting small-scale entrepreneurs in the U.S. by providing them with a national customer base. Other community-focused initiatives include Farmers Market and pet adoptions. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock sells internationally under the name O.co and regularly posts information about the company and other related matters under Investor Relations on its website (http://www.overstock.com and http://www.o.co)

O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock and OVillage are registered trademarks of Overstock.com, Inc. O.biz and Space Shift are also trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein 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 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 June 30, 2016, which was filed with the SEC on August 4, 2016, and any subsequent filings with the SEC.

Media Contact:
Kirstie Burden
Overstock.com, Inc.
+1 (801) 947-3564
pr@overstock.com

Investor Contact:
Mark Harden
Overstock.com, Inc.
+1 (801) 947-5409
ir@overstock.com

Source: Overstock.com, Inc./globenewswire

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