Overstock Closes Third-Party Marketplace after Seven Years
By Ina Steiner
Seven years after launching a third-party auction marketplace designed to rival eBay, Overstock.com is shutting it down. The company posted a message on its website on Friday but gave no reason for the closure. On Friday afternoon, Overstock.com spokesperson Roger Johnson told EcommerceBytes the company preferred not to comment on the matter.
The marketplace will be shut down on July 21, 2011. It stopped accepting new listings on Friday, July 15, 2011 - active listings will remain on the site until they are closed or on July 21, whichever is sooner.
Overstock.com stopped the invoicing process to ensure sellers are not billed for their current fees, and no further invoices will be made.
A message on the website encouraged shoppers to continue to use the O.co (Overstock.com) websites, and advised sellers with questions or concerns to contact its Seller Relation Team at email@example.com.
Comment on the EcommerceBytes Blog
About the author:
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to firstname.lastname@example.org.
You may quote up to 50 words of any article on the condition that you attribute the article to EcommerceBytes.com and either link to the original article or to www.EcommerceBytes.com.
All other use is prohibited.