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Some consumers are punting big purchases like pools and mattresses
CNBC· 2024-05-18 13:22
In this articleSNBRHDWWHRPOOLOrdini's Best Fiberglass Pools contractors work to install a pool, which the company says have dramatically increased in sales due to COVID-19 fears, in Gilbertsville, Pennsylvania, April 26, 2021.Rachel Wisniewski | ReutersAmericans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates bite.Corporate executives this earnings season have lamented that customers are disinterested in shelling out on big-tic ...
Wayfair's first large-format store to open next week
foxbusiness.com· 2024-05-16 14:46
Wayfair’s first large-format store will open its doors to the public next week. The store, located in Wilmette, Illinois, not far from Chicago, will officially open up shop once the online home goods retailer holds a grand opening for it on the morning of May 23.The opening will come roughly a month after Wayfair first announced its launch date. The company already has some physical locations for other brands it owns. WAYFAIR TO CUT 1,650 JOBS A MONTH AFTER CEO SAYS EMPLOYEES SHOULD BE ‘WORKING LONG HOURS’ ...
Wayfair to open its first large store, as physical locations make a comeback
cnbc.com· 2024-05-16 12:00
In this articleWWayfair store in Wilmette, Illinois.Courtesy: WayfairWhat retail apocalypse?Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that have turned to brick-and-mortar for growth. In an ironic twist for a company that became a $12 billion powerhouse by persuading consumers to buy couches and beds online, Wayfair is leaning into the most basic building blocks of retail. That's because no matter how far tech ...
Here's Why Wayfair (W) is a Strong Momentum Stock
Zacks Investment Research· 2024-05-10 14:56
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks ...
Here is What to Know Beyond Why Wayfair Inc. (W) is a Trending Stock
Zacks Investment Research· 2024-05-10 14:01
Wayfair (W) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this online home goods retailer have returned +16.2%, compared to the Zacks S&P 500 composite's +0.2% change. During this period, the Zacks Internet - Commerce industry, which Wayfair falls in, has gained 4.1%. The key question now is: What could be the stock's future direction?While media ...
Wayfair(W) - 2024 Q1 - Quarterly Report
2024-05-02 20:13
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36666 Wayfair Inc. (Exact name of registrant as specified in its charter) Delaware 36-4791999 (State or other jurisdicti ...
Wayfair Stock Soars As Home Furnishing Retailer Trimmed Its Losses in Q1
Investopedia· 2024-05-02 19:30
Key TakeawaysWayfair on Thursday reported better-than-expected first-quarter results, sending shares of the online home furnishings retailer sharply higher.Wayfair's chief financial officer, Kate Gulliver, said the company experienced a positive impact on costs in the latest quarter after it cut staff in January.Chief Executive Officer Niraj Shah said the quarter ended on an "upswing" for Wayfair and that shoppers are increasingly choosing to shop with the company. Wayfair (W) shares soared Thursday after t ...
Wayfair(W) - 2024 Q1 - Earnings Call Transcript
2024-05-02 16:32
Wayfair Inc. (NYSE:W) Q1 2024 Earnings Conference Call May 2, 2024 8:00 AM ET Company Participants James Lamb - Head of Investor Relations Niraj Shah - Chief Executive Officer, Co-Chairman and Co-Founder Steve Conine - Co-Chairman and Co-Founder Kate Gulliver - Chief Financial Officer and Chief Administrative Officer Conference Call Participants Christopher Horvers - JPMorgan Maria Ripps - Canaccord Genuity Colin Sebastian - Baird Peter Keith - Piper Sandler Jonathan Matuszewski - Jefferies Simeon Gutman - ...
Wayfair (W) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-05-02 15:07
Wayfair (W) reported $2.73 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.6%. EPS of -$0.32 for the same period compares to -$1.13 a year ago.The reported revenue represents a surprise of +3.31% over the Zacks Consensus Estimate of $2.64 billion. With the consensus EPS estimate being -$0.45, the EPS surprise was +28.89%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...
Wayfair on the move following comfy first quarter
Proactive Investors· 2024-05-02 14:24
About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...