Online giant Wayfair is opening its first brick-and-mortar furniture store [Yahoo! Finance]
Wayfair Inc. Class A (W)
Last wayfair inc. class a earnings: 2/28 07:00 am
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Source: Yahoo! Finance
Home furnishings retailer Wayfair has announced plans to open a 15,000-square-foot physical location in Wilmette, Ill. The store will carry a variety of home goods, including furniture. home decor, housewares and home improvement products. And, like many giant home goods stores, it will also have its own restaurant—called The Porch. The permanent location, which will open on May 23, follows test stores in other locations. Wayfair's expansion comes at a tenuous time for the company. Its 2023 sales fell 1.8% and it posted a net loss for the year. The company also laid off 13% of its workforce in January, totaling some 1,650 workers. That followed 1,750 job cuts in 2023. Wayfair has struggled against larger online retailers, something CEO Niraj Shah wrote in a January memo to staff. “We went overboard in hiring during a strong economic period and veered away from our core principles, and while we have come quite far back to them, we are not quite there,” Shah wrote, as quoted by
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News
- Why Is Wayfair (W) Stock Soaring Today [Yahoo! Finance]Yahoo! Finance
- Wayfair Inc. (NYSE: W) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $75.00 price target on the stock.MarketBeat
- Wayfair (W) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Wayfair stock jumps on Q1 earnings, rise in active customers [Yahoo! Finance]Yahoo! Finance
- Wayfair stock jumps on Q1 earnings, rise in active customers [Yahoo! Finance Canada]Yahoo! Finance Canada
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Earnings
- 5/2/24 - Beat
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Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 144
- 5/2/24 - Form 8-K
- W's page on the SEC website