Overstock.com Gives $100 Million to International Artisans
Fresh off unveiling a new ad campaign centered around Mike Ditka, Overstock.com has announced it has reached over $100 million in compensation to its Worldstock.com artisans.
Worldstock is a section on Overstock’s website that features more than 20,000 products handcrafted by artisans around the world. You can find products like handmade bronze singing bowls from Nepal and hand-carved walnut oil twist stools from Thailand, with 60-70% of the sale price going directly to the artisans.
“When you buy handmade crafts from Worldstock, you do much more than just shop for unique gifts, you help people in these countries support their families, gain dignity and develop their villages while maintaining their ancient cultural traditions,” states Overstock chairman and CEO Patrick Byrne. “Overstock is proud to pay artisans or their suppliers double the customary amount returned by other importers. Overstock is not looking to make any profit from these sales and any profits we have made we have donated to charity.”
Patrick Byrne started Worldstock in 2001 after visiting Cambodia and meeting a group of skilled artisans there that were land-min survivors. Profits from the section have also been donated towards international humanitarian projects from charities like Solace International.