Wayfair: Home Furnishings Sales Slow to 2008 Crisis Levels

Wayfair saw its quarterly sales dip amid continued pressure on home goods consumers.“Customers remain cautious in their spending on the home, and our credit card data suggests that the category correction now mirrors the magnitude of the peak to trough decline the home furnishing space experienced during the great financial crisis,” Wayfair Co-founder, Co-chairman and CEO Niraj Shah said in a Thursday (Aug. 1) news release.The company’s second-quarter earnings showed total revenues dipping 1.7%, with U.S. r ...