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.


  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

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 August 2017 cover


    August 2017

    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.