10/25/12

Higher traffic drives sales growth at Overstock.com in Q3

The mass merchant posts a 6.5% sales increase for the quarter.

Kevin Woodward , Senior Editor

Mass merchant Overstock.com Inc. reversed a third quarter loss with a return to profit and an increase in quarterly sales.

For the quarter ended Sept. 30, Overstock, No. 27 in the Internet Retailer Top 500 guide, reported:

The third quarter sales increase followed a second quarter gain for Overstock of 1.9% to $239.5 million from $235.0 million in the second quarter of 2011. Sales declined 1.2% in the first quarter of the year to $262.4 million from $265.5 million.

For the first nine months of 2012, Overstock reported:

Topics:

e-commerce, earnings, financials, mass merchant, Overstock.com, Profit, third quarter results, Top 500

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