Overstock Axes O-Gallery, O-Tracker & Most Popular Gallery

[BellisimaJ.]

[quote author=amy link=topic=6628.msg40666#msg40666 date=1169145612]
[quote author=sneakymagenta link=topic=6628.msg40640#msg40640 date=1169091840]
27,263

edit-last month Patrick said 95% of the listings were subscription plan:

my prediction: listings will fall to 17,000 (340,000 -95%= 17,000 listings)

[/quote]

I don't think Overstock thought subscribers would pull all of their listings. They thought wrong. 
[/quote]

Do you (Sneaky and or Amy) think they will be able to save it? Unbelievable how quickly  they killed their business. All because they refused to listen to their users. :blinkie:

A lesson for other venues:
1. Know who your 'customers' really are
2. Listen to them( you exist because they do---DUH)

[bargainbloodhound]

think they will be able to save it?

If the listings stay at current levels there are going to be a few job cuts in their auction department.  I think auctions will stay but eventually Overstock will limit selling on them to Enterprise Merchants and itself.

A lesson for other venues:
1. Know who your 'customers' really are
2. Listen to them( you exist because they do---DUH)

The bad thing is Overstock doesn't exist because sellers exist (and either does Amazon)...it exists because of the buyers (who sellers must compete directly with O for).  One of the reasons they made the changes last month is because Auctions (i.e. sellers) were taking business away from their main business (i.e. selling directly to buyers)

[BellisimaJ.]

[quote author=bargainbloodhound link=topic=6628.msg40712#msg40712 date=1169234924]

think they will be able to save it?

If the listings stay at current levels there are going to be a few job cuts in their auction department.  I think auctions will stay but eventually Overstock will limit selling on them to Enterprise Merchants and itself.

A lesson for other venues:
1. Know who your 'customers' really are
2. Listen to them( you exist because they do---DUH)

The bad thing is Overstock doesn't exist because sellers exist (and either does Amazon)...it exists because of the buyers (who sellers must compete directly with O for).  One of the reasons they made the changes last month is because Auctions (i.e. sellers) were taking business away from their main business (i.e. selling directly to buyers)

[/quote]

Thanks for the clarification, bbh. You know, I almost prefaced my previous remarks with a dsclaimer along the lines of "I know virtually noting about Overstock", but now I'm glad I didn't because it would have been redundant. :oops: