Overstock.com Announces New Kansas City Distribution Center

KANSAS CITY – Overstock.com, Inc. (NASDAQ:OSTK), one of the world’s largest online home goods and furniture retailers, today announced the opening of a distribution center in Kansas City, Kansas that the company expects will create over 100 jobs in the region within the next two years.

The Utah-based eCommerce leader, which was founded in 1999, has leased a 517,000-sq.-ft. distribution center located at 5300 Kansas Avenue and plans to start outbound delivery operations from the facility in October 2018. Overstock also plans to expand the facility’s operations to include returns processing in the future.

“Selecting Kansas City as the home of Overstock’s newest fulfillment center allows us to offer over 99% of our US customers two-day shipping options, improving shopping experiences by getting orders into the customer’s hands as soon as possible,” said Overstock.com Vice President of Supply Chain Carroll Morale. “We’re extremely thankful for all of the support and collaboration we’ve received from state and local officials and the Kansas City Area Development Council during this expansion process.”

“Kansas offers a great central location and the best workers in the country for any company looking to relocate here. We are thrilled that a successful company such as Overstock has selected Kansas City for its latest distribution center,” said Governor Jeff Colyer, M.D. “Opening for business in Kansas will provide Overstock.com with an excellent strategic location and creates hundreds of well-paying job opportunities for Kansans.”

“We welcome Overstock.com to Kansas City, Kansas and Wyandotte County. More and more companies recognize KCK as a leading logistical destination. We have a ready workforce, a great location both in the KC metro area and regionally, and a business-friendly community. We look forward to having such a great company as a new community partner in KCK.”

KCADC was proud to work with a number of regional partners in attracting Overstock.com to the region: State of Kansas, Kansas Department of Commerce, Wyandotte County Economic Development Council, Board of Public Utilities, Newark Grubb Zimmer, QPS Employment, Focus Workforce Management, Express Employment Professionals, IMKO Workforce Solutions and KC SmartPort.

“We are pleased to welcome Overstock.com to the KC region,” said Tim Cowden, president and CEO, Kansas City Area Development Council. “The company joins a growing community of eCommerce retailers finding significant benefits to a KC location, including CVS, Amazon, Jet.com and a number of automotive businesses.”

About Overstock.com

Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ tZERO platform: OSTKP) / Series B Preferred (OTCQX:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to millions of products from third-party sellers. Additional stores include Pet Adoptions and Worldstock.com dedicated to selling artisan-crafted products from around the world. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website, http://www.overstock.com.

About KC SmartPort

KC SmartPort is the authority on logistics opportunities in the 18-county, bi-state Kansas City region. A non-profit economic development organization, KC SmartPort promotes and enhances the Kansas City region’s status as a leading North American logistics hub. KC SmartPort is affiliated with the Kansas City Area Development Council, the regional economic development organization for the 18-county Kansas City metro.