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O.co also known by its former name Overstock, is an online retailer headquartered in Cottonwood Heights, Utah Cheap Eric Staal Hat , near Salt Lake City. Founded in 1997 by Robert Brazell, under the name D2: Discounts Direct, it was a pioneering online seller of surplus merchandise which, upon its failure in 1999 Cheap Tyler Ennis Hoodie , was acquired by Patrick M. Byrne and re-launched as Overstock.
Overstock initially sold surplus and returned merchandise on an online E-commerce marketplace, 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 Cheap Jared Spurgeon Hoodie , achieved a profit of $7.7 million in 2009 and reported its first billion-dollar year in 2010.
Part of Overstock”s merchandise is purchased by or manufactured specifically for Overstock. Among their products are handmade goods produced for Overstock by workers in developing nations. The company also manages the inventory supply for other retailers.
In addition to its direct retail sales, Overstock has also offered online auctions on its website since September 24, 2004.
After initially relying solely on word-of-mouth marketing from customers, the company turned to distinctive television advertisements