Welcome to our dedicated page for Beyond news (Ticker: BYON), a resource for investors and traders seeking the latest updates and insights on Beyond stock.
Beyond, Inc. (NYSE: BYON) is a leading ecommerce company headquartered in Midvale, Utah, known for connecting consumers with products that enhance their home lives. The company owns well-known brands such as Overstock, Bed Bath & Beyond, Baby & Beyond, and Zulily.
Beyond, Inc. provides a wide range of products including furniture, home decor, area rugs, bedding, bath items, home improvement tools, outdoor products, and kitchen and dining essentials. Additionally, the company offers electronics, books, magazines, CDs, and more. The home and garden segment contributes significantly to its revenue.
The company operates through direct sales from its own inventory and a partner business model, where it sells products from various suppliers through its websites. With the majority of its revenue generated in the U.S., Beyond ensures a competitive edge through strategic partnerships and a diverse product range.
Recently, Beyond reported a significant increase in active customers, adding over 700,000 new customers for the first time in three years. The company aims to achieve $2 billion in revenue by 2024 and a $3 billion revenue run rate by 2025, focusing on growth, customer retention, and profitability.
Beyond's notable acquisition of Zulily for $4.5 million is a strategic move to expand its off-price market, leveraging Zulily's customer base and product range. The integration of Zulily is expected to contribute to Beyond's revenue goals without increasing fixed expenses.
In 2024, Beyond is committed to enhancing customer experiences through data-driven insights, leveraging Salesforce's Data Cloud and Marketing Cloud solutions to personalize customer journeys and drive loyalty. The company's strategic focus includes growth in high-affinity customer bases and maximizing shareholder returns.
Beyond's leadership team, led by Marcus Lemonis, emphasizes prudent investments and an efficient process to drive long-term sustainable growth. The company continues to innovate and refine its offerings to meet market demands and maintain its competitive position.
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