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The program is offered free to active and veteran military members, teachers, and first responders. Other key milestones in for the online home goods leader include the introduction of new technologies in the blockchain space, advances in the mobile shopping experience including the introduction of augmented reality AR , the opening of new offices, and continued community outreach through partnerships with a number of non-profit organizations and individuals in need.
Blockchain and Cryptocurrency was a landmark year for both cryptocurrency and its underlying technology, blockchain. Overstock continued to be a leader in the blockchain industry, investing in companies that are at the cutting edge of development in the space. The online retailer, which in was the first major retailer to accept bitcoin payments for purchases, expanded its payment options to include dozens of major cryptocurrencies through integration with ShapeShift, a leading digital asset exchange.
Much of the success in this field was due to the introduction of AR to the iOS version of the mobile shopping app , which allows customers to view true-to-life size 3D models in their room, creating an added convenience for shopping for furniture and home goods online. Additionally, the majority of Overstock. Those technologies and more helped Overstock surpass the 5 million download mark on mobile shopping apps in while growing its active monthly user base more than 80 percent from the beginning of the year.
As Artificial Intelligence AI and Machine Learning ML technologies continue to advance rapidly, Overstock has begun implementing the technology throughout all areas of the organization. To further foster advances and innovations in these areas, Overstock created a dedicated AI data science group applying the technology to improve or replace existing systems in all divisions of the company, including Website Development, Pricing, Customer Care, Supply Chain, Marketing, Sourcing, and more.
Overstock also introduced several consumer options to the website, including the newly-re-launched Cars by Overstock. Cars by Overstock is a full-service online automotive platform helping customers navigate every aspect of the car ownership process, including pre-purchase research and negotiation, and post-purchase protection and repair. Overstock also expanded operations outside of Utah with the addition of two facilities in the state of Washington. Its newest customer care center, located in Elma, WA, hosted Washington Governor Jay Inslee at its official ribbon cutting in May, , and has helped Overstock continue to provide customers the high-quality customer support for which the online retailer has long been famous.
In addition, an office location in downtown Seattle was secured, and staffing of a tech-focused, Seattle-based team is currently underway, with the goal of being fully operational in early The brands, which are currently exclusive to Overstock.
Overstock will continue to introduce more private label brands throughout Overstock received a variety of recognitions in , spanning from awards in high-quality customer service to awards in environmental stewardship. Notable awards received in include:. In addition to home goods, Overstock.
Additional stores include Pet Adoptions and Worldstock. Overstock regularly posts information about the company and other related matters under Investor Relations on its website, http: This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of and Section 21E of the Securities Exchange Act of Such forward-looking statements include all statements other than statements of historical fact.
Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company's Form Q for the quarter ended September 30, , which was filed with the SEC on November 8, , and any subsequent filings with the SEC.
January 11, GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.