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Overstock loads liquidation vault with jewels
In a flash-back move echoing the founding days of Overstock, the company has purchased the entire inventory of online jewelry company Bidz.com, out of foreclosure.
"We don't want to lose sight of where we come from," said Overstock President Stormy Simon. "When we have opportunities to bring our customers extraordinary deals like this, we make it happen."
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Retail analyst Chen joins Cowen
Cowen Group, Inc. has designated Oliver Chen as a Managing Director in the company’s Equity Research department focused on key retail sectors.
In his new role, Chen covers specialty retail, broadlines and department stores, and luxury stocks. Chen is based in New York and reports to Robert Fagin, Cowen’s Director of Research.