Retailers, consumers and prices
Overstock is, like, so over fur!
Overstock.com Chief Executive Patrick Byrne has been known to make the fur fly on Wall Street with his ongoing battle against hedge funds. But now he’s going fur-free.
Byrne said the online retailer that sells excess inventory such as furniture, clothing or accessories will no longer carry any products containing fur.
“I draw a lot of criticism for conscious-based decisions,” acknowledged Byrne during a joint conference call with the Humane Society of the United States, referring to his fight since 2005 against naked short selling, the practice of betting against a company and profiting from its decline.
Byrne said the decision to ban fur on Overstock was easy, even though he acknowledged “I’m not a real tree-hugger guy or even an animal-hugger kind of guy.”
“You don’t have to think about it very much before you realize … you’re completely objectifying an animal when you say I’m going to wear it as a decorative object. That’s over the line for anyone who gives it any thought, I would think.”
Overstock joins 99 other retailers and designers who have pledged to stay fur-free, according to the Humane Society. A list of participating retailers and designers is here.
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