Overstock Doubles Its Sales Thanks to Furniture Push

Demitri Kalogeropoulos, The Motley Fool
·3 min read
Overstock Doubles Its Sales Thanks to Furniture Push
Overstock Doubles Its Sales Thanks to Furniture Push

The business, which includes an unlikely pairing between e-commerce retailing and blockchain and cryptocurrency tech, is well positioned to boost sales and profits through several growth avenues. On Thursday, Overstock's announcement contained further evidence that the retailing segment is seeing a sustained lift from pandemic-related consumer shopping changes even as management bets more aggressively on its blockchain unit. Like peers including Wayfair, the company has noticed surging demand for home furnishings as consumers shift spending toward online platforms and prioritize home upgrades.