SALT LAKE CITY, Feb. 20, 2015 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (Nasdaq:OSTK) saw the largest Presidents' Day sales event in company history, with a 34.9 percent increase in sales over 2014 and an average order size increase of 11.4 percent on Feb 16, 2015. This increase was pushed, in part, by a jump in the online shopping site's mobile channel. Mobile visits were up 54 percent over last year, and a 30 percent increase in conversion helped lead to a 120 percent increase in mobile sales for the day.
The top performing categories, ranked by gross sales for the period, were:
- Furniture (42 percent growth over 2014)
- Home Décor (39 percent growth over 2014)
- Jewelry (61 percent growth over 2014)
- Home Improvement (41 percent growth over 2014)
- Fashion Bedding (21 percent growth over 2014)
Bedding products were the top-selling items by quantity for the sales event. The top three selling products were:
- Beautyrest cotton top mattress pad
- Hemstitch 400 thread count sateen cotton sheet set
- 100-percent brushed microfiber ultra soft sheet set
Overstock.com, Inc. (Nasdaq:OSTK) is an online shopping retailer based in Salt Lake City, Utah that sells a broad range of products at low prices including furniture, rugs, bedding, electronics, clothing, and jewelry. Worldstock.com is a fair trade department dedicated to selling artisan-crafted products from around the world whereas Main Street Revolution supports small businesses across the U.S. by providing them a national customer base. Overstock has additional community-focused initiatives such as a Farmers Market and pet adoption service. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. 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.
O, Overstock.com, O.com, O.co, Club O, Main Street Revolution, Worldstock Fair Trade, Worldstock, and OVillage are registered trademarks. O.biz, Club O Dollars, and OGlobal are trademarks of Overstock.com, Inc. The Overstock.com, Club O, and Worldstock Fair Trade logos are also registered trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.
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.