Overstock.com's Byrne Named Entrepreneur of the Year

Dr. Patrick ByrneDr. Patrick Byrne

SALT LAKE CITY-Dr. Patrick Byrne, chairman and CEO of Overstock.com, has been honored as the Ernst & Young National Entrepreneur of the Year for 2011 in the retail and consumer-products category.

Ernst & Young recognized Byrne for his ability to spot an opportunity for a website devoted to inventory liquidations, and for enhancing the online shopping experience. The financial-consulting firm also cited the site's philanthropic-retail efforts through its sister sites Worldstock.com Fair Trade and The Main Street Revolution.

Worldstock.com Fair Trade, which was launched in 2001 and which carries handcrafted products from artisans from developing nations and rural areas of the United States, returns between 60 and 70 percent of the sales prices on these goods to the artisans.

The Main Street Revolution Store, which debuted in 2010, connects consumers to local vendors by allowing them to search for products made and sold in a particular state. This provides small businesses with a platform for national exposure while reducing their supply-chain costs.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN May digital issue


    May 2017

    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money