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S.L.-based Overstock.com reports major growth in ’01

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Salt Lake-based Overstock.com said Wednesday that customers bought more than $80 million in company goods in 2001, an increase from more than $36 million in 2000.

The company, which specializes in selling liquidated inventory on the Internet, said holiday sales in 2001 were $11 million, double the figure from the previous year.

The privately held company in 2001 achieved sustained profitability using $35 million in capital.