Salt Lake-based online closeout retailer Overstock.com said last week it will organize an online discount club called "Club O."

Membership is $29.95 a year. Benefits include an additional 5 percent savings on all Overstock.com purchases, except for travel deals; $1 shipping for every order; a $10 credit for every person a member refers who joins; and priority customer service.

The club savings apply to the more than 350,000 products available across Overstock.com's various product departments.

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