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Overstock.com opens doors to Australian customers

19 June 2009 No Comment

Overstock.comOverstock.com, Inc. today announced its launch of international sales to customers in Australia, Hong Kong, and Singapore. This announcement now brings to 37 the total number of countries in which Overstock is selling products to customers.

These International shoppers can now search, browse and purchase over 600,000 quality discount products, all priced in local currency, from the company’s website: http://www.overstock.com.

“International markets are underserved by online retail,” said Patrick Byrne, Overstock.com chairman and CEO. “With the weakness of the dollar the time has never been better for international customers to buy bargain American goods, creating a great opportunity for us.”

The site geolocates international visitors and displays pricing in their local currency, automatically adjusted to daily fluctuations in exchange rates. Overstock.com launched its international service in August 2008, and International shoppers can conveniently find quality brand-name items in 10 major categories.

Since its go-international announcement in May 2008, Overstock.com has seen a substantial increase in international traffic on site and international sales.

“With the high interest and volume of international customers visiting our site, we want to continue to give them an opportunity to take advantage of the benefits of shopping Overstock.com,” added Byrne. “We plan to continue our expansion into other countries as we roll this business forward over the next several years.”

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