PRNewswire, 16 November 2011
Overstock.com, Inc. (NASDAQ: OSTK), today announced that its CEO and Chairman Dr. Patrick M. Byrne, was named the Ernst & Young National Entrepreneur Of The Year® 2011 Retail and Consumer Products Award winner. He was honored at the Entrepreneur of the Year Awards gala, the culminating event of the Ernst & Young Strategic Growth Forum® held in Palm Springs, California on November 12, 2011.
Ernst & Young recognized Byrne for his ability to spot opportunity in the online retail industry, giving rise to the first online site used for inventory liquidations, and for enhancing the online shopping experience. Ernst & Young noted that Byrne was able to weather the storm of the internet bubble and to lead Overstock.com and its sister philanthropic-retail sites, Worldstock.com Fair Trade and The Main Street Revolution, to the top of the industry.
“This is a great win for the company,” said Byrne. “I could not have done it in any other state but Utah or without the help of the entire Overstock.com team.”
