Now Shipping Internationally to 34 Countries
SALT LAKE CITY, Sept. 9 /CNW/ -- Overstock.com, Inc. (Nasdaq: OSTK) today
announced the online discount retailer has launched capabilities to service
international consumers in 34 countries; including those in Canada, the United
Kingdom and the European Union.
International shoppers can now search, browse and purchase over 600,000
discount products, priced in local currency, from http://www.overstock.com.
"Many international markets are underserved by online retail," said
Patrick Byrne, Overstock.com chairman and CEO. "With the weakness of the
dollar the time has never been better for international customers to purchase
American goods, creating a great opportunity for us."
International shoppers to Overstock.com now find thousands of products
from 10 major categories. The site geolocates visitors and displays pricing in
their local currency, automatically adjusted to daily fluctuations in exchange
rates. Overstock.com launched its international service beginning with an
August 27 soft launch, and experienced no complications or setbacks.
"We wanted to make the process as seamless as possible for our
international shoppers, and we're encouraged by the initial results,"
commented Jake Bailey, Overstock.com's director of international business. "On
the first day this program was live, we received orders from 17 different
countries, with zero marketing efforts," added Bailey.
Overstock.com originally announced its intentions to expand
internationally in May 2008, (http://e4x.com/news_04.html) through partner
E4X. Since the announcement the site has seen international traffic increase
"With the high volume of international customers visiting our site, it's
time we give them an opportunity to take advantage of Overstock.com," added
Byrne. "We've started with these 34 countries, but plan to expand the number
of countries meaningfully over the next year."
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(R) 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 number of products and product
categories offered to international customers, the number of countries in
which customers may be able purchase from Overstock.com, the auspiciousness of
the timing of this launch, and the seamlessness of the process for
international customers. Our Form 10-K for the year ended December 31, 2007,
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-
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