Who We Are

In early 1999, Dr. Patrick M. Byrne recognized the potential in liquidating excess inventory through the Internet. Up until then, bargain-seeking consumers had relied upon far-off outlet centers with crowds and limited product selections. In addition, small retailers had little access into the world of closeout merchandise. Online shopping was still in its early stage, but six months later, and with no outside funding, Overstock.com launched with the mission to be the premier company to sell excess inventory through the Internet. Overstock.com quickly became an online leader in a market valued at $60 billion in the United States. Overstock.com's GAAP revenue has grown from $1.8 million in 1999 to nearly $1.3 billion in 2013. Overstock.com offers over one million products on its site. Since its October 1999 launch, Overstock.com customers have saved millions of dollars off manufacturers' recommended retail prices.

Overstock.com is a Utah-based company, employing over 1,500 people. Overstock.com encourages its employees to participate in the community and has developed a great esprit de corps from participating in food drives, the Salt Lake Clean Air Challenge, and many other community projects.

In January 2011, Overstock.com acquired the O.co URL and began incorporating it into parts of its brand. The name change was applied to Overstock.com's international and mobile businesses, the cars business, as well as the O.co Coliseum in Oakland, California. Overstock.com CEO Dr. Patrick M. Byrne has said, "When we first started our business in 1999, we only sold surplus inventory. We are no longer just an online liquidator. Our current offerings span from furniture and home decor to cars. We want an identity that more accurately reflects our company as it has evolved: hence 'O.co'. We still carry all of the same products and have award-winning customer service, the same $2.95 or lower national shipping and customized shopping features."

  • 1999: A Closer Look

    • Spring:
      • Patrick Byrne takes over company Deals.com
    • September:
      • Sales reached $100,000
    • October:
      • Renamed Deals.com to Overstock.com and launched new site
    • December:
      • Sales reach $1,000,000
      • The New York Times listed Overstock.com as #1 site for the largest percentage gain in average daily visitors (173,000 visitors)
      • Ended year at $1.8 million in revenue
  • 2000 Fun Facts

    • Jan. 1:
      • Ended 1999 with $800K of inventory and approx. 290 skus on-site
    • February:
    • April:
      • Partner Product Program started
    • May:
      • 30th biggest e-tailer on the Internet with approximately $2M in sales each month, (up from $3K YOY)
    • July:
      • Patrick rode his bike across the U.S.
    • August:
      • Media Metrix identified OS as the 25th most visited retail site on the Internet with 2.6 million unique visitors.
    • October:
      • Averages $3 million in monthly sales
    • October:
      • Overstock.com has 1,480 products on-site across 37 categories.
    • October:
      • Good Housekeeping names Overstock.com as best place to find bargains.
    • November:
    • November:
      • Employs about 70 people
    • Dec. 31:
      • Ended year with $25.5 million in revenue
  • 2001 Fun Facts

  • 2002 Fun Facts

    • March:
      • Filed to go public
    • March:
      • Enters 2-year contract with Safeway Club Exclusives
    • May 29:
      • Overstock.com announces initial public offering
    • November:
    • Dec. 26:
      • Overstock.com announces 164% growth from 2001 holiday season
    • Dec. 31:
      • $91.8 million in revenue
  • 2003 Fun Facts

    • Feb. 7:
      • Overstock.com announces that they will beat Amazon prices by 20% on 100,000 book titles.
    • September:
      • All best-selling books are sold 25% below Amazon.
    • October:
    • November:
    • December:
      • Dec. 2: Books, Movies, Music and Games department reaches 3,000,000 units in sales.
      • Dec. 15: Overstock.com breaks into top 100 visited sites for first time.
      • Overstock.com offers free express shipping on holiday orders.
  • 2004 Fun Facts

  • 2005 Fun Facts

    • Feb. 9:
      • Patrick rings the opening bell for the NASDAQ Stock Market.
    • May:
      • Offers $2 shipping for the whole month of May
    • June:
      • Acquires Ski West as part of our travel services
    • July:
      • Moved corporate headquarters
    • October:
      • 1st annual corporate pumpkin carving contest
      • Health & Wellness department launched
    • December:
      • Jewelry department featured on NBC's "The Today Show"
  • 2006 Fun Facts

  • 2007 Fun Facts

    • Spring:
      • Joins NBC's Daily TV Show "In the Loop with iVillage" as online shopping expert
    • March:
      • Signs a deal with "Enterprise Cars"
    • April:
      • Sells O-Travel
    • June 20:
      • Employees donate blood to U.S. Armed Forces.
    • August:
    • October:
      • Keynote Competitive Research names Overstock.com the most reliable and responsive on the Web for Books, Music, Movies and Games.
      • Customer Service Appreciation Week
  • 2008 Fun Facts

  • 2009 Fun Facts

  • 2010 Fun Facts

    • January:
      • Jan. 4: Overstock.com removes products made from exotic animal skins.
      • Jan. 13: Overstock.com maintains #2 rank in Customer Service among all U.S. Retailers, trailing only L.L. Bean, but besting Zappos and Amazon.
    • Feb. 9:
      • Overstock.com-sponsored climber becomes first female paraplegic to summit Mount Kilimanjaro.
    • April 5:
      • Overstock.com's Worldstock department returns $50 million to artisans around the world.
    • April 27:
      • Overstock.com announces launch of its 'Main Street Revolution' initiative.
    • May 12:
      • John J. Byrne elected to Overstock.com Board of Directors
    • June 4:
      • Overstock.com launches new Main Street store as retail channel for America's small businesses.
    • July 20:
      • Overstock.com announces purchase of O.CO domain name.
    • Sept. 7:
      • Worldstock to celebrate 9th anniversary by awarding a 10-day trip to Malawi, Africa.
    • Oct. 5:
      • Overstock.com turns 11 years old.
  • 2011 Fun Facts

    • January:
      • Overstock.com introduces O.co shortcut.
    • June:
      • Overstock.com acquires naming rights for the Oakland Coliseum, home of the Oakland Raiders and Oakland A's.
    • September:
      • Overstock.com introduces O.info consumer information portal.
    • October:
      • Overstock.com celebrates its 12th birthday.
    • November:
      • Overstock.com CEO Patrick Byrne named Ernst & Young National Entrepreneur of the Year.
      • Overstock.com begins shipping to Russia, Iceland and the Caribbean, bringing the number of countries we serve to over 100.
  • 2012 Fun Facts

    • January:
      • Overstock.com ranked #4 in customer service by the NRF Foundation and American Express.
    • February:
      • Overstock.com rated best overall in customer service holiday shopper experience by STELLAService and Compuware Corporation.
    • June:
      • Overstock.com wins Gold Stevie Award for Company of the Year.
      • CEO Patrick Byrne wins Executive of the Year.
    • October:
      • Overstock.com celebrates its 13th birthday.
  • 2013 Fun Facts

    • July:
      • Overstock.com begins a book price war with Amazon, to the extreme delight of book buyers everywhere.
    • August:
      • Overstock.com surpasses $1 million in support for Wounded Warrior Project.
    • October:
      • Overstock.com celebrates its 14th birthday.