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Overstock Debuts Flash Sales

Online discount retailer Overstock.com has launched 24-hour fl ash sales under the heading Daily Deals, with 50% discounts in a variety of categories, including area rugs, bedding, furniture and electronics.
     The sales go live at 10 a.m. MST seven days a week. Chairman and ceo Patrick Byrne said the philosophy behind the Daily Deals is "stack-them-deep-and-sell-them cheap," adding there will be a daily flash sale in every department.
     "Our customers will find some of the hottest deals in our Daily Deals on Black Friday and Cyber Monday. We expect this inventory will go fast," he said.

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