Overstock.com, Inc, which operates as Mattress Tub & Past, will change its company identify to Past, Inc. efficient Nov. 6. With the company identify change, the corporate will switch its inventory itemizing from the Nasdaq World Market to the New York Inventory Trade and alter its ticker image from OSTK to BYON.
Following the company identify change, Past, Inc. will proceed to function its furnishings and residential furnishings ecommerce enterprise beneath the Mattress Tub & Past model.
On June 28, Overstock.com, Inc. acquired the Mattress Tub & Past model and related mental property. Overstock was rebranded as Mattress Tub & Past, launching bedbathandbeyond.ca (previously overstock.ca) in Canada on June 29, adopted by bedbathandbeyond.com (previously overstock.com) and the model’s new cellular app in america on Aug. 1. Mattress Tub & Past sells a broad array of top quality, on-trend dwelling merchandise at aggressive costs, together with furnishings, bedding and bathtub, patio and outside, space rugs, tabletop and cookware, décor, storage and group, small home equipment, dwelling enchancment and extra.
“Altering our company identify to Past, Inc. units us up effectively for a brighter future,” stated Jonathan Johnson, chief govt officer. “As we proceed the method of remodeling our shopper model, our new company identify will assist us attain thousands and thousands of recent prospects with our advantageous and differentiated, asset-light ecommerce enterprise mannequin. The identify ‘Past’ emphasizes our dedication to attach new and legacy prospects with a large assortment of services and products.
“Since our founding in 1999, the corporate has centered on bringing technical experience to ecommerce and offering a easy and straightforward expertise for shoppers and provider companions. We count on the company identify change to reinforce the attention of our iconic shopper model, Mattress Tub & Past.”
Overstock.com, Inc. will proceed to commerce on the NASDAQ with ticker image OSTK till the shut of market on Friday, Nov. 3. Past, Inc. will start buying and selling on the NYSE with ticker image BYON when markets open on Monday, Nov. 6. On that day, to rejoice the switch, representatives of Past, Inc. will ring the NYSE Opening Bell at 9:30 a.m. ET.
“We’re grateful to NASDAQ for his or her partnership and help over time,” Johnson stated. “We’re grateful to the NYSE for welcoming us to its prestigious platform. We’re excited to affix most of the world’s greatest shopper manufacturers, as we start a brand new chapter in our company transformation.”
“We’re thrilled to welcome Past, Inc. to the New York Inventory Trade,” stated Lynn Martin, NYSE President. “Beneath its new identify, Past, Inc. joins a world-class neighborhood of friends within the retail area at its new itemizing dwelling, the place it will probably leverage the visibility, unmatched buying and selling platform and different benefits solely discovered on the NYSE.”
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