Overstock Auctions has once again disrupted the balance of an already fragile marketplace by announcing the complete cancellation of subscription listing plans.
This announcement comes in the wake of a previous announcement cancelling 60% of the existing auction plans several weeks ago.
As all experienced Overstock sellers know the dismal Sell through Rates, high percentage of Non Paying Bidders, and lack of customer support have plagued the site for months. Cancellation of the subscription listing plans will lead to a mass exodus of merchants from the site.
Prior to this latest announcement listing counts were down about 60% over previous months.
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It is bad that the site will end up like that, i liked overstock.com i used the site but hey it is what it is. If you have some time come and check out my blog at http://avilesnews.blogspot.com
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