Premium Domain Names for Sale at CrocoDom.com
MILAN — Utah-based Overstock which recently saved the Bed Bath & Beyond name from extinction, on Thursday posted a better-than-expected 20 percent drop in sales in the second quarter to $422.2 million. The news boosted Overstock’s shares more than 12 percent to $35.02 on Nasdaq in trading. Analysts expected sales to drop to $409.6 million, according to an analyst survey by Zacks, as active users and order frequency declined.
Earlier this year, analysts credited this ongoing decline to the negative effect the company’s accessible name had on sales, especially amid a time when macroeconomic headwinds negatively affected the home category.
More from WWD
From Sorbet to Sherbet: Delicious Colors Eat Up Menswear
Zegna Sees Growth in Asia, Europe After H1 and Confirms 2 Billion Euros in Sales by 2025
Zegna Sales Increases 23.9% in H1
Undaunted by the results, Overstock chief executive officer Jonathan Johnson remained confident as the group gears up to turn the page on a new chapter and transition its name to Bed Bath & Beyond and launch its U.S. e-commerce platform in early August.
“Our balance sheet remains strong with over $300 million in net cash, setting us up well to execute the transformative rebranding of our furniture and home furnishings e-commerce business.”
Overstock won a bid for Bed Bath & Beyond’s key assets in June, including the former retailer’s website, domain names, database and loyalty-program data for a mere $21.5 million. Set to benefit from adopting one of the most famous names in U.S. retail history, Overstock is testing the waters with a new Canadian site currently operating under the Bed Bath & Beyond domain. Overstock will launch the new U.S. domain next month.
In the second quarter of 2023, Overstock widened its net loss to $73.5 million compared to a profit of $7.15 million in the second quarter of 2022, as its active customer base fell 29 percent to 4.6 million. Its diluted net loss per share was $1.63, while losses, adjusted for non-recurring costs, were 2 cents a share, also beating analyst expectations. An average estimate of six analysts surveyed by Zacks Investment Research project a loss of 9 cents a share.
“The acquisition of the Bed Bath & Beyond brand is the beginning of a new phase of growth for us,” Johnson said. “The successful launch and early performance of our Bed Bath & Beyond business in Canada has been encouraging. The Bed Bath & Beyond brand is strong. In Canada, customers want to buy — and are comfortable buying — from the new Bed Bath & Beyond website,” he added.
In an exclusive interview with WWD earlier this month, Johnson said he was not expecting revenues to rise year-over-year. “I will note that even with revenues down, we’ve posted 12 consecutive quarters of positive EBITDA [earnings before interest, taxes, depreciation and amortization]. We continue to focus on making money so that we have a strong balance sheet, so when opportunities like Bed Bath & Beyond arise, we can advantage of them. We can play offense while a lot of others are playing defense.”
Best of WWD
The 18 Best Mother’s Day Gift Baskets for Every Type of Mom in Your Life
Harvey Nichols Sees Sales Dip, Losses Widen in Year Marred by Closures
Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist
Click here to read the full article.
Blockbuster markdowns on knit polos, swim trunks, cargo pants, and more. We found the best abercrombie & fitch sales to shop this summer.
Broken strollers, paying extra to sit with kids: Why isn't air travel more family-friendly?
Shoppers are freaking out over these affordable anti-wrinkle creams, hair fixes and all-over beautifiers.
Snag a refurbished Fire HD 10 tablet for nearly 50% off, a Ninja kitchen system for $80 off, and more great savings up to 50% off original price.
The epic discount event is still going strong — save up to 60% on all of your favorite brands!
Enjoy 25% off your purchase with code FunboyYahoo25 for a limited time.
This Gold Bond Age Renew Crepe Corrector body lotion has earned nearly 16,000 flawless reviews.
"Cruel Summer" followed up its popular first season with an enthralling Season 2 that's about to come to a satisfying conclusion. Gibson Johns interviews Sadie Stanley and Lexi Underwood, the two primary stars of the Freeform hit's second season, about working together on the show, feeling pressure to live up to expectations after that breakout first season and finding the hearts at the center of their characters. They also discuss fans' critique of Megan and Isabella's friendship, what it was like stepping into the shoes of Y2K teens and what we can expect from the upcoming season finale.
With 10,000+ five-star Amazon ratings, you'll want to add this number to your wardrobe…stat.
The cult of these clogs is real — and so is this massive sale.
Premium Domain Names:
A premium domain name is a highly sought-after domain that is typically short, memorable, and contains popular keywords or phrases. These domain names are considered valuable due to their potential to attract more organic traffic and enhance branding efforts. Premium domain names are concise and usually consist of one to two words or two to four individual characters.
Top-Level Domain Names for Sale on Crocodom.com:
If you are looking for top-level domain names for sale, you can visit Crocodom.com. Crocodom.com is a platform that offers a selection of domain names at various price ranges. It is important to note that the availability of specific domain names may vary, and it’s recommended to check the website for the most up-to-date information.
Contact at firstname.lastname@example.org:
If you have any inquiries or need assistance regarding the domain names available on Crocodom.com, you can reach out to them via email at email@example.com. Feel free to contact them for any questions related to the domain names or the purchasing process.
Availability on Sedo.com, Dan.com, and Afternic.com:
Apart from Crocodom.com, you can also explore other platforms like Sedo.com, Dan.com, and Afternic.com for available domain names. These platforms are popular marketplaces for buying and selling domain names. Each platform may have its own inventory of domain names, so it’s worth checking multiple sources to find the perfect domain name for your needs.
#PremiumDomains #DomainInvesting #DigitalAssets #DomainMarketplace #DomainFlipping #BrandableDomains #DomainBrokers #DomainAcquisition #DomainPortfolio #DomainIndustry #DomainAuctions #DomainInvestors #DomainSales #DomainExperts #DomainValue #DomainBuyers #DomainNamesForSale #DomainBrand #DomainInvestment #DomainTrading