Friday, February 28, 2020

Wayfair’s losses mount to nearly $1 billion in 2019

Chain Store Age
Wayfair Inc. can’t seem to find a way to be profitable even as its sales continue to surge.

The e-commerce home furnishings giant, which has never reported a profit, posted a net loss of $330.2 million in the quarter ended Dec. 31, compared to a loss of $143.8 million in the year-ago period. For the full year, Wayfair’s annual net loss almost doubled, to $985 million. . . . more