All articles tagged with #overstockcom
Originally Published 4 months ago — by Politico
Hunter Biden filed a libel lawsuit against former Overstock.com CEO John Byrne for defamation related to social media posts alleging Biden sought Iranian funds, but Byrne has repeatedly ignored court orders and failed to appear in court, complicating the case.
Originally Published 2 years ago — by CNBC
Bed Bath & Beyond's CEO, Jonathan Johnson, has abruptly stepped down from his position as the company transitions from Overstock.com and undergoes a corporate name change to Beyond Inc. David Nielsen, the company's president, has taken over as interim CEO while the board searches for a permanent candidate. Johnson's departure, described as a mutual agreement, comes as a surprise, as the company had previously indicated he would be available for meetings on the same day as the corporate name change. Johnson had been with the company for over 20 years and became CEO after the disclosure of a relationship between the founder and a Russian spy.
Originally Published 2 years ago — by CNBC
Hasbro's stock tumbled 9.2% after reporting weaker-than-expected financial results for Q3, while Southwest Airlines slipped 3.3% due to underwhelming revenue. Bristol-Myers Squibb saw a 4% decline in shares after reporting a drop in sales of its blood cancer drug Revlimid. Overstock.com dropped 3.3% on weaker-than-expected revenue, while Hershey's stock rose 2.7% following a strong Q3 earnings report. Royal Caribbean's shares advanced 1.7% after beating expectations, and Meta Platforms (Facebook and Instagram parent) retreated nearly 4% due to a warning of softening advertising revenue.
Originally Published 2 years ago — by NPR
This week, the United States' credit rating was downgraded, Bed Bath & Beyond received a boost from Overstock.com, and other notable events occurred.
Originally Published 2 years ago — by NPR
Overstock.com is rebranding its website using Bed Bath & Beyond's name after acquiring intellectual property from the bankrupt company. The move aims to modernize Bed Bath & Beyond's outdated business model and leverage Overstock's focus on home goods. The new website will feature familiar products, common suppliers, and reinstated loyalty points for Bed Bath & Beyond customers. However, physical stores are not part of the plan, as Overstock believes they are an unnecessary expense. The website will offer back-to-school deals and dorm supplies, with registry signups starting in 2024.
Originally Published 2 years ago — by USA TODAY
Overstock.com has officially rebranded as Bed, Bath & Beyond after winning a $21.5 million bid for the brand's intellectual property. The company launched the new website and app, offering a wider range of products at affordable prices. CEO Jonathan Johnson stated that the new name will bring a new era for the brand, attracting more suppliers and customers. Bed, Bath & Beyond's website now features over 600,000 new products, including traditional offerings and additional categories like patio furniture and area rugs. While there will be fewer promotions, customers can expect better pricing. The company is also rebranding its loyalty program and offering incentives for previous customers to make the switch.
Originally Published 2 years ago — by CBS News
Overstock.com, soon to be rebranded as Bed Bath & Beyond, plans to distance itself from the failures of the original brand as it relaunches its website and mobile app. Overstock CEO Jonathan Johnson expressed a desire to avoid any association with the "garage-sale store" image of Bed Bath & Beyond's physical locations. The acquisition of Bed Bath & Beyond's assets could boost Overstock's sales, with the company's stock rising 45% since the purchase. The new Bed Bath & Beyond will offer sharper base prices and fewer reliance on coupons, while also reviving the college and wedding registries that were once popular. Bed Bath & Beyond's remaining brick-and-mortar stores will close this summer.
Originally Published 2 years ago — by Quartz
Overstock.com, the e-commerce giant, is changing its name to Bed Bath & Beyond after winning court approval to buy the bankrupt retailer and its assets. The $21.5 million sale includes the brand's name, online domain, and loyalty program. Bed Bath & Beyond's retail stores will be closing down by the end of summer, but the acquisition offers Overstock the opportunity to expand its e-commerce presence and tap into the growing online market, which is projected to reach $5.4 trillion by 2026. Overstock's CEO promises better deals for customers with the revamped brand, and the acquisition adds another 10 million online customers to Overstock's existing five million.
Originally Published 2 years ago — by CBS News
Overstock.com is rebranding as Bed, Bath & Beyond after purchasing the bankrupt retailer's intellectual property assets for $21.5 million. The move will allow both companies to offer a wide range of home furnishings and related products through a single online storefront. Overstock will relaunch Bed Bath & Beyond's domains in Canada and the US, while the brick-and-mortar stores will close as planned. Bed Bath & Beyond filed for bankruptcy in April after struggling to adapt to the rise of online shopping.
Originally Published 2 years ago — by Denver 7 Colorado News
Overstock.com has acquired the intellectual property assets of bankrupt retailer Bed Bath & Beyond for $21.5 million and will change its name to Bed & Bath & Beyond. The deal does not include Bed Bath & Beyond stores or the Buybuy Baby chain. Overstock.com's CEO stated that the company is considering changing its corporate name but will make a decision after digesting the assets. The name change will roll out in Canada next month and in August in the US, with the company's website and mobile app being relaunched as Bed Bath & Beyond. Overstock.com's shares surged nearly 20% following the announcement.
Originally Published 2 years ago — by The Associated Press
Overstock.com has acquired the intellectual property assets of bankrupt retailer Bed Bath & Beyond for $21.5 million and will change its name to Bed Bath & Beyond. The move was well-received on Wall Street, with Overstock.com's shares soaring nearly 20%. The name change will roll out in Canada next month and in August in the US, with the company's website and mobile app being relaunched as Bed Bath & Beyond. The deal does not include Bed Bath & Beyond stores, which are expected to close, or the Buybuy Baby chain.
Originally Published 2 years ago — by Deseret News
Overstock.com, the Utah-based furniture and home goods giant, has announced a rebranding plan to replace its own brand with the widely known Bed, Bath & Beyond name, following its acquisition of the failed retailer's branding and intellectual property for $21 million. Overstock plans to relaunch the Bed Bath & Beyond domain in Canada and refresh its website, mobile app, and loyalty program in the United States. The acquisition excludes Bed Bath & Beyond's brick-and-mortar business, which is being auctioned off separately. Overstock's stock price has surged since the acquisition, trading at $29.44 per share, up over 18% since the start of trading on Wednesday.
Originally Published 2 years ago — by Barron's
Overstock.com, the popular e-commerce retailer, is undergoing a rebranding effort and will now be known as Bed Bath & Beyond, signaling a shift in its business strategy. The move comes as Overstock.com aims to expand its presence in the retail industry and capitalize on the well-established brand recognition of Bed Bath & Beyond.
Originally Published 2 years ago — by CNN
Overstock.com, the popular online retail company, is changing its name to O.co in an effort to rebrand and streamline its image. The company hopes that the new name will better reflect its focus on online retail and e-commerce.
Originally Published 2 years ago — by New Jersey 101.5 FM
Bed Bath and Beyond's physical stores will soon close, but the brand may survive as a zombie brand after a $21.5 million deal with Overstock.com to purchase its brand assets. Other examples of zombie brands include Radio Shack and Circuit City, both of which once thrived in New Jersey. Not all popular retailers that go out of business end up surviving as a zombie brand.