Monday, January 5, 2009

Time for overstock.com and liquidation.com?

Seems like high-priced products may be on sale after the slow holiday.

"We would say it's aspirational brands, high-end deluxe -- that's what really taking the hit," said Overstock.com CEO Patrick Byrne. (San Jose Mercury News, 12/25/08)

"A lot of these Fortune 500 companies are trying to save costs and raise cash. This channel we have is a source of working capital for them," adds Bill Angrick, CEO of Liquidation.com.

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