Overstock expands internationally

Overstock.com will open its doors to international consumers, selling to customers in 34 countries including Canada and those in the European Union.

The company began soft launches in some of the countries on August 27. It plans to expand beyond the initial 34 countries sometime next year. Previously, only US consumers could purchase from the site.

"Many international markets are underserved by online retail," said Patrick Byrne, Overstock.com chairman and CEO, in a statement. "With the weakness of the dollar the time has never been better for international customers to purchase American goods, creating a great opportunity for us."

International customers can purchase items in local currencies. Prices will be adjusted daily with exchange rates.