August 30, 2024
MIDVALE, UT – Beyond, Inc., owner of Overstock, Bed Bath & Beyond, Zulily, and other online retail brands recently announced Overstock’s Grand Reopening. The revived Overstock.com, with a new look and feel, now has an inventory lineup that includes closeouts, liquidation, factory direct, and reverse logistics merchandise, as well as expanded new and legacy categories.
Plans for the site feature millions of products in categories such as indoor and outdoor furniture, apparel and footwear, rugs, decor, lighting, jewelry and watches, sports and entertainment collectibles, home improvement, luggage, storage and organization, kids and baby, and pet.
“As you visit the site today, it’s clear that we’re not just rebuilding legacy Overstock, but expanding the total offering into the vast white space that exists through categories including excess and distressed inventory,” said Dave Nielsen, president of Beyond, Inc. “I am encouraged by our accelerating revenue run-rate in our first 90 days and see growth potential.”
“It is our plan to ultimately penetrate multiple industries where we know there is a tremendous need to bring buyers and sellers together for a true win-win,” said Marcus Lemonis, executive chairman of Beyond, Inc. “We believe that our company can be an online leader, helping manufacturers, retailers, distributors, and lenders solve complex inventory problems in order to generate cash and improve their own profitability while creating a frequently visited, value-centric destination for consumers. This isn’t just about relaunching Overstock, but rather reimagining its possibilities. We will continue to establish partnerships and joint ventures to create product and deal flow, as well as unique ways to monetize the Overstock brand.”
Target And Shopify Partner To Expand Target Plus
MINNEAPOLIS – Target Corporation recently announced a partnership with global commerce platform Shopify to offer a selection of its popular merchants and products on Target Plus, the retailer’s third-party, highly curated digital marketplace. The new partnership with Shopify will expand Target Plus through a hand-selected assortment of new and on-trend products and brands like True Classic, Caden Lane and more, giving consumers more options to explore. Target will be the first mass retailer to work with Shopify to bring select merchants’ products into its physical stores in the months to come, offering shoppers even more new brands to discover.
Shopify merchants in the U.S. can apply to sell online on Target Plus through Marketplace Connect — an app enabling merchants to sell and manage orders on marketplaces like Target Plus. “Target Plus invites consumers to explore a curated collection of products from vendors we trust, so they can shop our assortment with confidence,” said Cara Sylvester, executive vice president and chief guest experience officer, Target. “Our partnership with Shopify extends the breadth of thoughtfully designed and affordable items available to discover and enjoy as part of Target’s distinctive mix of brands shoppers love.”
“It’s table stakes for merchants to be everywhere customers are, and as the world’s leading retail operating system, we make it easier and more accessible for brands to sell directly to their customers on the best channels,” said Harley Finkelstein, president of Shopify. “Partnering with Target helps high-growth brands like Caden Lane and True Classic reach millions of new loyal customers and take their business to the next level.”
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