In an expansion of its mid-century modern product offering, Wayfair has launched the Foundstone collection of price-attainable furniture, décor and more, going above and beyond its usual group offerings to include housewares.
Wayfair has reported a 36% increase year over year in direct retail gross sales, defined as dollars of order intake, for the five-day peak shopping period of Thanksgiving Day through Cyber Monday. Black Friday and Cyber Monday were Wayfair’s highest revenue days ever, the company said.
In a move that identifies key home furnishings trends, Wayfair has released its Wayfair Professional renovation report for contractors.
As part of its systematic initiation of brick-and-mortar retail, Wayfair has scheduled the opening of the company’s first, full-service physical retail store for August 21 at the Natick Mall in Natick, MA.
With her experience and connections as a buyer for the tabletop category, Chrissie Puchta has brought her extensive knowledge and creativity to Wayfair for nearly five years. Today, as the associate director, tabletop category management, Puchta has been praised by vendors for her knowledge, creativity and her research skills, which has led her to be named a 2019 Impact Merchant.
Wayfair’s James Savarese, chief operating officer, and John Mulliken, chief technology officer, are retiring from the company. In addition, Thomas Netzer and Allan Lyall, both currently executives in its European business, have received promotions.
Wayfair is partnering with Homes For Our Troops (HFOT), a nonprofit organization that builds and donates specially adapted custom homes nationwide for severely injured post-9/11 veterans.
Wayfair has revealed the sites of the pop up shops it will operate this summer in four retail centers.
Direct retail sales at Wayfair gained 39% in the first quarter year over year, but losses increased as well, with the deficit growing from $200.4 million, or $2.20 per diluted share, from $107.8 million, or $1.22 per diluted share in the previous first quarter.