Overstock.com finds one more way to sell less

Posted on July 11th, 2008

Overstock.com (NASDAQ:OSTK), the perpetual money-loser run by trust fund baby Patrick Byrne (who doesn’t really have to care if the company’s investors lose all their money), has found another way to sell less. The latest big announcement is that they’ll stop selling anything with fur:

However, Overstock.com’s decision comes during an upswing in demand for fur. Halting its retail sales will be costly. According to Byrne, Overstock.com estimates it will lose up to $5 million in pelt revenues.

What’s another $5 million for a company that’s been bleeding red ink since it went public? Patrick Byrne, thanks for providing non-stop entertainment.

Related posts:

  1. Patrick Byrne, child CEO of Overstock.com
  2. If Patrick Byrne Leaves Overstock.com, What Excuse Will the Company Have?
  3. Patrick Byrne, CEO of Overstock.com Is a Crook, According to Himself
  4. A little sleight of hand by Patrick Byrne, CEO of Overstock.com
  5. No Profitability to “Maintain” at Overstock.com

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