Overstock.com Reopens
Portfolio Pulse from Benzinga Newsdesk
Overstock.com has reopened and management is optimistic about the accelerating revenue run-rate in the first 90 days. The company is expanding into new categories such as closeouts, liquidation, reverse logistics, and factory direct, in addition to its core legacy categories, to drive its growth plan.
July 18, 2024 | 12:34 pm
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Overstock.com has reopened with a promising revenue run-rate in the first 90 days. The introduction of new categories such as closeouts, liquidation, reverse logistics, and factory direct is expected to drive the company's growth.
The reopening of Overstock.com and the positive revenue run-rate in the first 90 days indicate strong performance. The expansion into new categories is likely to attract more customers and increase sales, positively impacting the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100