Overstock.com Posts a Loss
May 11, 2011-- Home Textiles Today,
SALT LAKE CITY - Overstock. com swung to a loss during the first quarter as gross margin declined in the face of more promotional events and high return costs.
Net loss for the quarter ended March 31 was $454,000, or 2 cents per share, compared to net income in last year's 1Q of $3.7 million, or 16 cents per share.
Revenues were flat - $265.5 million compared to $264.3 million in the year-ago period.
Related Content By Author
Online Moves From Afterthought To Main Thought For Textiles Suppliers