SALT LAKE Town, Aug. 09, 2021 (World NEWSWIRE) — Overstock.com, Inc. (NASDAQ:OSTK), a primary e-commerce household furnishings retailer, has gained the No. 2 ranking on the Countrywide Retail Federation’s yearly Very hot 25 Suppliers listing. The list ranks the nation’s swiftest-increasing retail companies, as determined by will increase in domestic product sales between 2019 and 2020. Overstock placed No. 2 after acquiring 75 per cent product sales development with $2.5 billion in 2020 up from $1.5 billion in 2019.
“This recognition from the Nationwide Retail Federation reflects our strategic focus on our dwelling small business and our team’s capability to supply final results through a tough year,” reported Jonathan Johnson, Overstock CEO. “Overstock has excellent staff members who function hard each individual day to profitably mature our current market share. We are very well poised for continued results for the relaxation of 2021 and further than.”
The U.S. Incredibly hot 25 record is the yearly position of the nation’s most impactful and quickest-expanding retail companies. Compiled by the NRF applying Kantar info, rankings are identified by yr-about-calendar year share will increase in domestic revenue.
“It’s obvious that numerous of the retailers who attained the strongest development in 2020 can attribute a portion of their good results to their abilities in serving purchasers through the pandemic,” Susan Reda, Vice President of Education Strategy at NRF. “Still, the fact that Overstock snagged the No.2 spot on the Incredibly hot 25 listing is fairly an achievement. For some time now the firm has been doing the job to come to be the go-to place for residence goods. It would seem buyers are acquiring that message.”
Retailer profits and expansion figures are based on Kantar’s Retail IQ built-in study methodology. To find out much more about Kantar’s investigation and reporting methodology, go to https://retailiq.kantar.com/.
For far more info on career possibilities at Overstock, pay a visit to https://www.overstock.com/occupations.
Overstock.com, Inc. (Common Stock (NASDAQ:OSTK) / Sequence A-1 Chosen Inventory (tZERO ATS:OSTKO) / Sequence B Desired Stock (OTCQX:OSTBP)) is an on-line retailer and technological innovation organization based mostly in Salt Lake City, Utah. Its foremost e-commerce internet site sells a wide assortment of new dwelling products at low rates, like home furnishings, décor, region rugs, bedding and tub, dwelling enhancement, and additional. The on line browsing site, which is frequented by tens of thousands and thousands of buyers a thirty day period, also functions a market giving customers obtain to thousands and thousands of solutions. In 2014, Overstock was the 1st important retailer to take cryptocurrency as a kind of payment and carries on to do so. Overstock on a regular basis posts details about the Organization and other related matters on the Newsroom and Investor Relations internet pages on its web page, Overstock.com.
O, Overstock.com, O.com, Club O, and Worldstock are registered logos of Overstock.com, Inc. Other provider marks, logos and trade names which may well be referred to herein are the property of their respective proprietors.
The Countrywide Retail Federation, the world’s major retail trade affiliation, passionately advocates for the folks, models, guidelines and concepts that enable retail thrive. From its headquarters in Washington, D.C., NRF empowers the market that powers the economic system. Retail is the nation’s most significant private-sector employer, contributing $3.9 trillion to once-a-year GDP and supporting one in 4 U.S. jobs – 52 million functioning Us citizens. For in excess of a century, NRF has been a voice for every retailer and each individual retail occupation, educating, inspiring and speaking the powerful effects retail has on local communities and worldwide economies.
Cautionary Notice Regarding Forward-Looking Statements
This push release consists of specified forward-wanting statements in the meaning of Area 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These types of ahead-seeking statements consist of all statements other than statements of historical simple fact, which include but not limited to statements contained within just this release. Further data regarding variables that could materially have an impact on results and the accuracy of the ahead-seeking statements contained herein might be discovered in the Firm’s Annual Report on Kind 10-K for the fiscal 12 months ended December 31, 2020, which was submitted with the SEC on February 26, 2021, in our Kind 10-Q for the quarter finished March 31, 2021, which was submitted with the SEC on Might 6, 2021, in our From 10-Q for the quarter finished June 30, 2021, which was submitted with the SEC on August 5, 2021, and in our subsequent filings with the SEC.