team. on have the it’s Thanks you to Adrianne, great
turn updates, I’ll we mind everyone. let’s Now at which operate. and we of and talk live how that the in to and The length walk please. Slide about top now something COVID-XX of for X the corporate paradigm business on shifting view impact is
well operating who’s company for environment. positioned a and been this generally in is Overstock well new has
retail centers We’re XXX% social distribution in at where work and than work from Overstock’s distanced home shifts. other three crews
make Overstock it has we’re business keep instead sales. up any our from run due hasn’t last March from layoffs hiring to care been and trial has seamlessly systems did There minimal home. early with As company-wide function particularly to in we sure customer from made could home due mentioned of increased work processes working in quarter, I disruptions a and to worked. the our to
Overstock year-over-year. retail’s up April The the significantly, Overstock to business in model XXX% are over couldn’t be operate suited environment. better sales current
and and embedded systems. automation technology Our on in focus cost-efficiently our model of scales effectively because so our
relevant most demand. need from in offerings, of they safety customers mandates the principal current what at because buy furnishings we’re their us stay are increasingly the retailer, play the Our can pure home goods ecommerce categories from Home under one home of are homes.
XX and geographic model drop-ship standing be plus to allowed and us and diversify to years our and partner our sourcing nimble have Our supply of relationships long risk.
is during great We proposition value uncertain Overstock’s particularly Importantly, times. prices. great attractive and financial products offer
they sales the shift to landscape XX% sales pandemic additional estimated estimated Next and shift due estimates XX% X% by by original significantly. from slide. estimates Traditional decline XX% are E-commerce brick March before the is hits. decline are benefit The in to retail buying to consumer XX% mortar Industry-wide industry retail with to sales growing shifting to as online. this by beyond pandemic. nearly decline that retail will
[indiscernible] years stay XX% meaningful amount are being versus a has advance percentage opening to in now. purchases sizable began back from businesses regress is is comfortable [ph] online become in radical don’t when goods forward that this the compared over combined online. progression high These while and likely shifts penetration. accustomed online as increasingly it stores, last to pre-pandemic the us double mortar the physical market not gone forces The making home XX shift and nearly an annual jump to online of up. of lower levels. to We expect in X% consumers to furnishing to estimated the These years last brick This only terms year to XX% home several to from
Some habits will of online in stick. these buying change
retail mandate at to the We’ve segmented I’ll growth the period. impact The operational please. sales has shows these comparable This periods tailwinds. market meaningful. slide year time dynamics as compared versus chart organic to on home intentionally related what the Next performance stay been ago to share other improvements side
first the at to as before year. were already the already can performing We in were chart, from outperform on you compared we quarter quarter better first began. track last home plan to significantly mandates see our As stay
categories through during sales their XX focus the began at our home more people From homes in grew making Signature XX, to stay on March our as mandate. functional national
shopping swing furnishing grew growth response equipments, people have exercise accelerated entire restrictions. saw as mandate that the Since XX%, shifted home then we play furniture, country rugs brick over of sets XXX% to equipment and the current office in area growth home seen reached stay in mortar category April their behavior at online as by and we’ve top from our growth While to X. in accelerated like the outdoor
As a are in April sales result, year-over-year up XXX%. over
with It’s When are I’m go important analogy. the home bear demonstrating even and our stronger habits tailwind, to to focus with have the that is faster. strong ride us The hit. catch Dave before faster become how and legs. reiterate operational legs cyclist we presentation my simply me. When now execution. my we those of well. were ahead we’re can were strong will my experienced already mandates so I I to And also performing performance later that stay cycling talk even tailwind, at strong, customer go bike legs allows a I had in go faster. a operational the We about point already
We’ve that period. mere seen slide. customer Next demographically increased particularly customers April new growth a These year April. meaningful our customer the alone can new in see this new nearly in in We ago year best. customers existing versus increase XXX%
furnishing. our and are Things demand and are related by resonate products. These brand items. Our home almost value are evidenced from other beds entirely being bread values exactly patio, office what buying. with and These home people furniture, our like them area rugs, butter proposition
goods Home the sales. of percentage now represent a XX% total. of As
don’t Overstock buying new capture positioned shifting are they’re retail furnishing home believe well these what and traffic. we the is just Given to customers one-time convert customers. online
from safety We’re providing to of their them homes. buy products people the enabling needs and
slide. Next
valuations impact COVID-XX the have until largely discuss conditions the in normalize. press pandemic of briefly capital trading let’s Now affected tZERO. disruptions digital market on has sidelined existing business activity efforts. volatility and and causing certainly markets trading development with The securities Issuers
this seen looking do in environment. its Overstock to that said, operate to continues So Retail, slowdown well tZERO has issuers tZERO capital, subsidiaries continue. Like and raise conversations in
quarterly SpeedRoute the increased revenue in generating benefitted trading from record volume quarter. first routing
Next slide. our Many as companies blockchain continue usual. operating of
stand problems created pandemic the blockchain urgency the by as pandemic. exacerbated of to using Some find to benefit the solve issued they’re technology The solutions. helping sense a has as
developing. process already the are in Solutions our of companies
with in governments with shortages one delays. money touched. germ-laden food machine Is vote neighborhood particularly no a medical and wants and I’ll tracking blockchain we Even voting later And have mind to for and immunity that in presentation. person November, safe right to digital in to we if as touch is a and things having proves has some these include vaccinated. identity been or important records. antibodies been never and now. [indiscernible] of But currency, paper health supplies. the solution in these hard of based stand secure struggle top mobile the talk monitoring like distribute. self-sovereign Voting, password The Supply have and can chain of line to has rest than more about the problems ability more
time. made our have focus Next uniquely Surging customer reality help consumer [indiscernible]. us suited at the us model Even to slide. to this over gone pushed is, solve sales faced beyond The weeks. challenges past several though capacity our have handle we all business in problems
automation still of request customers by service initiatives. customer we’re We’ve out has week launching who said, the taking of percentage as responded service gone request to While taking reaching sometimes more. That and volume or a customer decreased, a respond long have sales to channels too up. hiring, absolute our are streamlining
few businesses pleased weeks that was We turn most have temporarily. for to we’re it phones had a only off our as and did
with on back the hope also mandates. We us partners of response. under today. standards over has we social and past Fulfillments hiring are hundreds to our distancing working of to agents weeks in Our few as normal phones return shifts will more adjust working crews, lagged
Our caused and decline crews for and carriers the to has tracking are customers. high volume packages There’s partners manage frustrating a to maxed up. limited demand which
precedent of like for challenges, we’ll exactly longer and spending, There’s we’re lot a things of us certainly pricing face We uncertainty. pressures. there’s affect know broader in forward, output what terms economic don’t indicators no will term experiencing. factory Going consumer what
delivery Unemployment our may to become The sort ability capital affect to growing. face capital shutdown. reduce We Partners is constraints. recap, otherwise and may or non-essential we raise capital Carriers don’t volume of To could may shutdown we or all what company’s the of deemed know. generate government don’t or subject together. some state revenue. be high markets know,
conditions. any think will I certainly risk can are react market-wide we factors of unbalanced to number Overstock market susceptible While the shifting and
not our and Since date. process us lot distributing stock. crypto the record about a ex-day granted Next dividend. is which preferred We May declared on passed and last received forward to an DTC care progress. digital earnings This slide. our I dividend completed currency, of our a of now made share look XX. we’ve the dividend we a We registration it’s the the call, dividend. The know NASDAQ board shareholders eligibility
to investor of response I’ll some questions. In dividend. reiterate the of value the
platform tZERO and the simply its open $XX they’re is Yesterday and Shares of there OSTKO on per OSTKO First value. closed price. traded trading worth face at the trade market share.
Second, since Series the pay shares of years have and dividend are issuance. shares cash preferred A and each three
to to Third, execute on the buy should clients. on platform of record the Series of A broker-dealer and OSTKO A sell seek shares our increase as shares. date participation distribution inventors to their seek tZERO trades behalf shareholders
increase its we shareholders. I This percent is platform adoption of increased OSTKO fan right majority participation tZERO in benefits gate. overall may owner should the of mention, which liquidity a and the ultimately believe will and be out value Overstock
liquidate, funds Remember, will it develop. improve ecosystem sell selling for may first shares million the we pressure some term all increase. at to will need to as your on get X A-X and take index be also not participation there And platform Series and need will to shares. the liquidity As will a do fully to longer few time
receive paid. dividend them hold cash as and the can You indefinitely
Slide XX please.
Some corporate housekeeping.
the it mention any to used dividend. for the First status loss prospective supplement XXXX. not our that of WKSI to the ATM. we at to this explicitly these We And our plans file month don’t reallocate I earlier ATM use we and to prices. want have shelf have in our the reflect current
one We so can completes to is supplement the strong Shares our second we Our significantly, our filed to cash our prospective distribute in month. ATM housekeeping good the the simply A-X Preferred place. registration dividend. balance next have Series of with related the with sheet dividend This balances growing
regulatory On substance nothing I’m pleased front, the to there’s of report.
can the today’s our of to Slide. specific we’re executing. righting sailing, results our which ship initiatives, We’ve company we key waters. and measure and in against We [ph] objectives distractions rided and now Next Last progress. mentioned identified quarter is even The ship I the eliminate ship. choppy
and Overstock we’re position goal resilient Retails’ well sustainable, of achieving We’re growth. to profitable achieve
Let me its Overstock remind at you company. core that, is technology
cutting retail. We’re edge in
because us this enabling sailing. It We’re shifting ship is in leading of technology well technology. the foundation, times charge to is our focus Technology to our our is blockchain respond core. and
Nielsen Overstock into let’s will Retail’s Next updates. first slide about Dave dive performance. the talk that, business with and
