Overstock Loads Liquidation Vault With Jewels
In a move echoing the founding days of Overstock.com, the company has purchased the entire inventory of online jewelry company Bidz.com, out of foreclosure. "We don't want to lose sight of where we come from," said Overstock President Stormy Simon. "When we have opportunities to bring our customers extraordinary deals like this, we make it happen." Several Brink's armored trucks transported the high-end jewelry, which was estimated at more than $89 million, from California to Overstock's Utah distribution center in preparation for sale on the website.