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September 13, 2018

Overstock Selects Kansas City For New Distribution Center

Online retailer creating more than 100 jobs, leasing a 517,000-square-foot facility, according to the Kansas City Area Development Council

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The Kansas City Area Development Council (KCADC) announced today that Overstock.com, Inc. (NASDAQ: OSTK), one of the world's largest online home goods and furniture retailers, will open a distribution center in Kansas City, Kansas. The new 517,000-square-foot operation, located at 5300 Kansas Avenue, will create more than 100 jobs within the next two years.

The Utah-based eCommerce leader, founded in 1999, plans to start outbound delivery operations from the new KC facility in October 2018. Overstock intends to expand the distribution center's operations to include returns processing in the future. The new warehouse is strategically positioned to allow Overstock the ability to offer two-day ground shipping to nearly every customer in the contiguous United States.

"Selecting Kansas City as the home of Overstock's newest fulfillment center allows us to offer over 99% of our U.S. customers two-day shipping options, improving shopping experiences by getting orders into the customer's hands as soon as possible," said Overstock.com Vice President of Supply Chain, Carroll Morale. "We're extremely thankful for all of the support and collaboration we've received from state and local officials and the Kansas City Area Development Council during this expansion process."

Tim Cowden, president and CEO, Kansas City Area Development Council, said, "Overstock.com joins a growing community of eCommerce retailers finding significant benefits to a KC location, including CVS, Amazon, Jet.com and a number of automotive businesses."

In 2017 alone, Kansas City saw growth in distribution and fulfillment facilities from 100,000 to 1.2 million square feet, which included eCommerce companies like Amazon and Hy-Vee Aisles, major retailers like Dollar Tree, and companies like Spectrum Brands and Horizon Global.

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