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In a June 2023 bankruptcy auction, Overstock.com acquired the Bed Bath & Beyond name, and associated intellectual property, in a $21.5 million stalking-horse bid. [ 12 ] [ 82 ] [ 83 ] Shortly thereafter, Overstock publicly announced its intention to rebrand its own operations under the Bed Bath & Beyond name after the acquisition closes. [ 84 ]
In 2004, Overstock spent several million dollars to establish an online auction platform to compete with eBay, but the project was not successful and shut down in 2011. [15] The company also launched, and then later closed, projects in real estate, travel booking, and auto sales. [ 15 ]
The company was founded as D2:Discounts Direct in May 5, 1997 by Robert Brazell. The company went bankrupt in 1999. Patrick M. Byrne and Jason Lindsey acquired the company and renamed it as Overstock.com. [6] The company initially sold exclusively surplus and returned merchandise on an online e-commerce marketplace, liquidating the inventories of at least 18 failed dot-com companies at below ...
Overstock.com, a discount furniture site, is now fully operating under BedBathandBeyond.com, offering an expanded range of categories, including bedding, bath, kitchen, and even kids and babies.
Overstock.com, launched in 1999 as a liquidator and gone public in 2002, saw quarterly net revenues decline 20% year-on-year last quarter to $422 million. The company had a net quarterly loss of ...