With a change in focus to a home-only assortment and headwinds from consumer behavior changes and general economic conditions, Overstock suffered a loss for the fourth quarter, but the online retailer managed an adjusted net income gain for the full fiscal year...
Overstock has teamed up with Citi Retail Services to offer customers digital-first benefits and rewards through a co-branded Mastercard. Cardholders get complimentary membership to the Overstock rewards program, Club O, a $19.95 a year value, the company noted. They...
Mark Tritton’s exit from Bed Bath & Beyond after a 23% first-quarter comparable sales decline leaves a key question: What’s next for the struggling retailer attempting a full-scale transformation at a pivotal time for the home and housewares business?...
With an enriching fourth quarter, Overstock managed to beat a Wall Street earnings estimate but fell short on sales. Company net income from continuing operations in the quarter was $32.9 million, or 68 cents per diluted share, versus $23.2 million, or 48 cents per...
In a letter to Congressional leadership, 20 CEOs of leading retailers expressed urgent concern over the growing impact of organized retail crime on retail employees and communities across the United States, according to a statement from the Retail Industry Leaders...
