Wednesday, September 10, 2008

Overstock.com Goes International

Salt Lake City-based online discount retailer Overstock.com said Tuesday that the firm has launched into the international market, and will now ship its products to consumers in 34 countries. Overstock said that it will offer its products, priced in local currency, from its web site. The countries include Canada, the United Kingdom, and the countries within the European Union. In a statement, Patrick Byrne, chairman and CEO of Overstock.com, credited the weakness of the dollar for the move. Among features of the new international support, Overstock.com said it would display pricing in local currency, automatically adjusting to daily fluctuations in exchange rates; the firm is tapping services from partner E4X for the international currency and logistics support.