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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 ...
Since December 18, 2023, Zulily's website, app, and customer service phone line have been inoperable. The company laid off additional employees on December 20. [28] On December 22, 2023, Douglas Wilson Companies announced that it was the assignee of Zulily's assignment for the benefit of creditors (ABC).
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.
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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 ...
Grocery Outlet purchased 16 Yes!Less grocery stores in Texas and another in Shreveport, Louisiana, from Dallas, Texas-based Fleming Cos. in January 2003. [17] All 17 stores were closed by May 2004. [18] The company promoted MacGregor Read and Eric Lindberg to co-CEO in 2006.
In 2007, Overstock filed a second lawsuit against a number of large investment banks, alleging that the brokers engaged in illegal naked short selling. The long-running litigation ended in 2016. Overstock's claims against Goldman Sachs were dismissed, but the other brokers, such as Merrill Lynch , settled for $20 million.
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