Overstock Gives Back

SALT LAKE CITY, Dec. 1, 2014 (GLOBE NEWSWIRE) -- Online shopping retailer, Overstock.com, Inc. (Nasdaq:OSTK) offers its customers a chance to be charitable all year long, but it's during the holidays that the spotlight is really turned on the company's altruistic spirit.

"At the core of this company is a very generous soul," said Overstock President Stormy Simon. "We believe it's important for us to be charitable as well as offering charitable options to our customers, especially on Giving Tuesday, Dec. 2, and throughout the holiday season."

During the website's checkout process, customers have the option to donate to the Wounded Warrior Program, The Best Friends Animal Society, or The Red Cross as they complete their purchases. The minimum amount for these donations is one dollar, allowing customers to contribute to these causes at the level they can afford.

"Every little bit helps," said Simon. "So far, Overstock customers have given a combined $1.7 million to these three charities, one dollar at a time."

Overstock also has a series of socially responsible programs on the website, including the Worldstock Fair Trade, Main Street Revolution, Pet Adoption, and Farmers Market divisions. These programs provide small US-based businesses, global artisans, national animal shelters, and farmers across the country exposure to consumers on Overstock's website.

To date, Overstock's Worldstock program has returned over $115 million to artisans and their representatives to help increase economic stability in these developing regions. The online retailer also gives back from Worldstock sales to help increase education and skilled labor opportunities in the artisan's local communities.

Most recently, Overstock has partnered with Give Back Box to provide pre-paid labels allowing customers to re-use boxes from their Overstock orders to ship gently used household items to non-profit organizations.

About Overstock

Overstock.com, Inc. (Nasdaq:OSTK) is a discount online shopping retailer based in Salt Lake City, Utah that sells a broad range of products including furniture, rugs, bedding, electronics, clothing, and jewelry. Worldstock.com, a fair trade department dedicated to selling artisan-crafted products from around the world offers additional unique items. Main Street Revolution supports small businesses across the United States by providing them a national customer base. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. The NRF Foundation/American Express 2011 Customer Choice Awards ranked Overstock #4 in customer service among all U.S. retailers. Overstock sells internationally under the name O.co. Overstock Shopping (http://www.overstock.com and http://www.o.co) regularly posts information about the company and other related matters under Investor Relations on its website.

Overstock.com®, O.co®, Worldstock Fair Trade® and Club O Rewards® are registered trademarks of Overstock.com, Inc. O.info™, Club O™, Club O Dollars™ and Your Savings Engine™ are trademarks of Overstock.com, Inc.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, statements other than statements of historical fact. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company's Form 10-Q for the quarter ended Sept. 30, 2014, which was filed with the SEC on Oct. 28, 2014, and any subsequent filings with the SEC.

CONTACT: Media Contact: Kirstie Burden, Overstock.com, Inc. +1 (801) 947-3116 kirstie@overstock.com Investor Contact: Mark Harden, Overstock.com, Inc. +1 (801) 947-5409 mharden@overstock.com

Source:Overstock.com, Inc.