The days of pandemic-fueled profits and $300 share prices are a distant memory for Wayfair Inc. (NYSE: W). Things were bound to normalize for the online home goods retailer, but its fall from grace has been one of the most stunning post-Covid plunges yet. – MarketBeat The reality checkContinue Reading

Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair shares tumbled 26% Thursday after the online furniture retailer reported larger-than-expected losses in the first quarter as shoppers scaled back their spending on the home category. Wayfair also announced its chief financial officer, Michael Fleisher, is set to retire early nextContinue Reading

Wayfair shares jumped 10% Thursday soon after the furniture seller’s 2nd-quarter final results confirmed it is keeping on to some of the gains it built in its business enterprise throughout the pandemic. Earnings topped estimates, and even although gross sales declined and fell quick of Wall Street’s anticipations, revenue wasContinue Reading