Overstock.com Summer Closeouts

15th Jun 2001

Overstock.com, the Internet leader for name-brands at clearance prices, has expanded its travel category to include cruises, family-friendly condominium rentals, all-inclusive resorts, golf vacations and air packages at an average 40% discount off standard rates.
“We added travel to our site just three months ago with discounts on airfare and hotel rooms, and it has quickly become one of our top-selling categories,” said Patrick Byrne, CEO of Overstock.com. “Because our customers value these deals-and considering that the price of gasoline is expected to reach $3.00 per gallon this summer-we sought out more vacation options for value-conscious consumers, particularly those with families that normally incur big travel expenses.”
Overstock.com, based in Salt Lake City, Utah, acquires excess inventory through massive closeout purchases and bankruptcies and liquidates it through the Internet, passing tremendous savings along to its customers.


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