Overstock Net Skyrockets in Q1
April 18, 2013,
SALT LAKE CITY-Increased revenues and improved margins fueled Overstock.com to a 183.1 percent gain in first-quarter net income, to $7.7 million.
The online discount retailer posted total revenues of $312 million, up 18.9 percent in the quarter ending on March 31. The top line benefited from an increase of 21.9 percent in fulfillment partner revenues. Gross margin gained 78 basis points to finish the quarter at 18.9 percent.
Other Articles By Author
Von Tobel Cites Brass Textures Among Top Trends
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.