American furniture and household goods online retailer: Beyond, Inc. (BYON) (Overstock.com)

Beyond, Inc. (NYSE: BYON), formerly known as Overstock.com, Inc. (formerly NASDAQ: OSTK), was founded in 1997 and changed its current name in November 2023. It carries out business under the brand of Bed Bath&Beyond. Headquartered in Middleville, Utah, with 830 full-time employees, it is an American Internet retailer that sells home decorations furniture , bedding and many other clearance goods.

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/byon.html

Beyond, Inc. (BYON)

Beyond, Inc. operates online retailers of furniture and household goods in the United States and Canada. In 2023, Overstock.com, Inc. acquired the name and trademark of bankrupt large retailer Bed Bath&Beyond, and renamed it Beyond, Inc. in August 2023. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/byon.html

Beyond, Inc. provides furniture, bedding and bathrooms, terraces and outdoor, regional carpets, tabletops and cookware, decoration, storage and finishing, small appliances, home decoration and other products under the brand of Bed Bath&Beyond and Bed Bath&Beyond Canada. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/byon.html

Beyond, Inc. provides products and services through its Internet website, including bedbathandbeyond.com, bedbathandbeyond.ca, and overstockgovernment.com. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/byon.html

Beyond, Inc. also promotes products or services on its website for enterprises; Provide Marketplace, a service that allows its partners to sell their products through third-party websites; Use third-party logistics providers to provide products to international customers; And Supplier Oasis can manage their products, inventory and sales channels through a single integration point of their partners, and obtain multi-channel performance services through their distribution network. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/byon.html

Beyond, Inc. (BYON) History Encyclopedia

The company was founded on May 5, 1997, originally called D2: Discounts Direct, and was founded by Robert Brazell. The company went bankrupt in 1999. Patrick M. Byrne and Jason Lindsey acquired the company and renamed it Overstock.com. The company initially focused on online Electronic Commerce Sell inventory and returned goods in the market, and clean up the inventory of at least 18 bankrupt Internet companies at a price lower than the wholesale price. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/byon.html

In 2001, Overstock established the Worldstock department to display the works of craftsmen from all over the world. By 2006, about 6000 producers had contributed. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/byon.html

In May 2002, Overstock made its initial public offering at a price of $13 per share（ IPO ）。 Amazon He is one of the investors of Overstock.com and withdrew his investment during the IPO. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/byon.html

In addition to direct retail sales, Overstock.com began to provide online auction services on its website in 2004, called Overstock.com Marketplace, and later changed its name to O.co Marketplace. The service was discontinued in July 2011. Before the brand name of Bed Bath&Beyond was changed from 2017 to 2023, Overstock adopted the logo of 2017. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/byon.html

Initially, the company relied entirely on word of mouth marketing from customers. Later, the company began to use the unique TV ads starring German actress Sabine Ehrenfeld. Later, they also hired other advertising spokesmen. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/byon.html

In July 2006, John J. Byrne, the father of the CEO of Overstock, resigned from the board of directors after publicly expressing his dissatisfaction with his son's opposition to naked short selling. In August 2008, Jack Byrne said that after "many initial doubts", he believed that his son was always "right" in the struggle and litigation with naked short sellers and analysts. In 2010, the elder Byrne rejoined the board of Overstock.com.

At the beginning of 2007, John A. Fisher and Ray Groves resigned from the board of directors of Overstock due to differences of opinion on the company's main broker litigation.

On January 2, 2008, Overstock announced that its co-founder Jason Lindsey had resigned as President, Chief Operating Officer and Director on December 31, 2007. Byrne said that Lindsey played a "decisive role" in "getting [Overstock] back on track" after "I screwed up a few years ago". After the announcement, the stock price of Overstock fell to a four-year low bank Analysts at Broadpoint Capital described it as a "critical loss".

After achieving significant growth and profits in some early quarters, the company realized a profit of $7.7 million in 2009 and reported its first annual sales of $1 billion in 2010.

In 2011, due to Google During the two month punishment period, the revenue decreased by 5%. According to the Associated Press, Overstock has set up a fake website that links back to its own website. Overstock said that the punishment was caused by the practice of encouraging universities and university websites to link to Overstock pages so that students and faculty can get discounts. Due to Google's punishment, the search results of some products have declined in Google's ranking.

In 2011, the company began to rebrand under the name of "O.co" to simplify and unify its international business. However, a few months later, due to consumers' confusion about the new name, the company stopped this effort, and the name used the Colombian national domain name.

In the same year, Overstock.com acquired the naming rights of the former Oakland Alameda County Stadium and renamed it Overstock.com Coliseum. The stadium was later renamed as O.co Coliseum, which was consistent with the re branding of Overstock as O.co (in April 2016, the name of O.co Coliseum was abandoned and changed to Auckland Alameda Stadium).

In 2013, Overstock began to promote the increase of immigrants. Jonathan Johnson, president of Overstock, told the Los Angeles Times that it was difficult for the company to recruit enough computer programmers and Software Developers to expand the business. He said: "We pay more, but it is still difficult to fill the vacancy. We need more freedom in letting people in. This will help us solve our border problem. If we can knock on the door and walk through the front door, no one will come in through the window."

In 2014, Overstock began to develop software to enable it to distribute company shares online instead of using New York stock exchange Or traditional methods such as NASDAQ.

On January 9, 2014, Overstock.com became the first company to accept Bitcoin As a major retailer paying for their goods. In the middle of 2014, Overstock.com announced that Bitcoin sales averaged $300000 per month.

On August 22, 2019, Patrick Byrne, CEO, resigned from his position as CEO and director of Overstock through a 1600 word email. In the email, he admitted that he had a relationship with Maria Butina, an unregistered foreign agent in Russia. However, Byrne did not provide additional information on how this prompted him to resign. Later, Jonathan E. Johnson became CEO.

The company announced a digital dividend with the registration date of September 23, 2019. Investors will be entitled to one digital voting series A-1 for every 10 traditional shares they hold preferred stock 。 Initially, digital stocks could only be traded on PRO Securities alternative trading system, which obtained technical license from tZero, a company specializing in Blockchain Overstock subsidiary of.

In June 2023, Overstock.com won the bid for the intellectual property assets of Bed Bath&Beyond at a price of 21.5 million dollars. On June 29, 2023, Overstock.com announced that it would change its name to Bed Bath&Beyond.

On October 24, 2023, Overstock announced that its company name, Overstock.com, Inc., will be renamed Beyond, Inc., and will take effect on November 6, 2023. The stock code will also be changed.

On November 19, 2023, the investor JAT Capital, who owns nearly 10% of the shares of Beyond (BYON), requested Marcus Lemonis, CEO of Camping World, to take the leadership position.

On March 7, 2024, Beyond (BYON) announced to acquire e-commerce retailers for 4.5 million dollars Zulily And other brand assets. Zullily's addition is expected to complement Beyond (BYON)'s series of brands, including Overstock, which is scheduled to be relaunched later this month.

Beyond, Inc. (BYON)