Overstock.com initially sold surplus and returned merchandise on an online E-commercemarketplace, liquidating the inventories of at least 18 failed dot-com companies at below-wholesale prices. In recent years it has expanded to sell new merchandise, as well.
The business is being rebranded in early 2011 as "O.co" to simplify and unify its international operations.
Overstock went public in May 2002 at an IPO price of $13, and after achieving significant growth and profits in some early quarters, achieved a... Read More