Wayfair reports second-quarter revenue of $3.12 billion, down from $3.17 billion a year earlier.
Wayfair CEO Niraj Shah likened the slowdown in the home goods category to the great financial crisis as the company reported misses on the top and bottom lines. The e-tailer's finance chief Kate Gulliver told CNBC in an interview that the declines it's seeing are "similar to the declines that we saw in that 2008 to 2010 period.
Get a deeper insight into the potential performance of Wayfair (W) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Wayfair (W) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
This week, there's been a great deal of focus on Amazon (NASDAQ: AMZN ) as it held its Prime Day event from July 16-17. Now, online furniture retailer Wayfair (NASDAQ: W ) is getting in on the summer shopping extravaganza.
Wayfair is trying to cut costs and become a leaner enterprise, and it made progress in the first quarter. It recently opened its first physical megastore.
One of the companies whose share price has recovered nicely from last fall's significant correction — the S&P 500 lost 9.4% from the beginning of August 2023 through the end of October — is Wayfair (NYSE: W ), the online furniture retailer. Wayfair stock is up roughly 44% since hitting its 52-week low of $37.85 at the end of October.
A retailer that made its name online as an e-commerce-only company, Wayfair just made an entry into physical retail with a mega-store that could be on the cusp of a couple new retail trends, or at the very least tell us something about what works for furniture and home décor shoppers.
Wayfair (W) unveils its first in-person large-format store in Wilmette, IL, strengthening its footprint in the home goods market.
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Wayfair is going all-in on brick-and-mortar as furniture shoppers prove hesitant to fully embrace eCommerce. The home goods online marketplace announced Thursday (May 23) the opening of its first large-format physical location in Wilmette, Illinois, occupying two stories and 150,000 square feet.
Online furniture and home retailer Wayfair Wayfair Inc. has opened the doors to its first ever large-format store in Wilmette, Illinois.