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A sideboard, also called a buffet, is an item of furniture traditionally used in the dining room for serving food, for displaying serving dishes, and for storage. It usually consists of a set of cabinets , or cupboards , and one or more drawers , all topped by a wooden surface for conveniently holding food, serving dishes, or lighting devices.
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 ...
The term buffet originally referred to the French sideboard furniture where the food was placed, but eventually became applied to the serving format. At balls, the "buffet" was also where drinks were obtained, either by circulating footmen supplying orders from guests, but often by the male guests. During the Victorian period, it became usual ...
The company had generated slightly more than $500,000 in revenue the previous year by liquidating excess furniture inventory online, but was out of capital and shutting its doors. Byrne found the idea of online closeouts intriguing, and in the spring of 1999 invested $7 million for a 60 percent equity stake in the company.
As of January 2014, Wayfair was the largest online-only retailer for home furniture in the United States, [23] and the 33rd largest online retailer in the United States. [24] It generated $380 million in revenue in 2010, over $500 million in 2011, over $600 million in 2012, over $900 million in 2013, and over $1.3 billion in 2014. [25]
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Overstock, excessive stock, or excess inventory arise when there is more than the "right quantity" of goods available for sale, [1] or when "the potential sales value of excess stock, less the expected storage costs, does not match the salvage value". [2] It arises as a result of poor management of stock demand or of material flow in process ...
An all-you-can-eat restaurant (AYCE) is a type of restaurant in which a fixed price is charged for entry, after which diners may consume as much food as they wish. Self-service buffets are a common type of all-you-can-eat establishment, but some AYCE restaurants instead provide waiter service based on an unlimited series of written orders for specific foods.
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