Wayfair is going all-in on brick-and-mortar as furniture shoppers prove hesitant to fully embrace eCommerce. The home goods online marketplace announced Thursday (May 23) the opening of its first large-format physical location in Wilmette, Illinois, occupying two stories and 150,000 square feet.
Wayfair Store Opens Today in Wilmette, IL BOSTON , May 23, 2024 /PRNewswire/ -- Wayfair Inc. (NYSE: W), the destination for all things home, today opens the doors to its first large-format store in Wilmette, Illinois, marking a significant milestone in the company's journey to meet customers where and how they prefer to shop. Spanning 150,000 square feet, the two-story Wayfair store is a one-s...
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A 5% dip during Tuesday's session was the latest in a run of red days for Wayfair Inc NYSE: W stock. It came as it did in the days after the benchmark S&P 500 index set a fresh all-time high, which will have made it worse for investors.
There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary policy.
During Wayfair Inc.'s earnings call this month, Kate Gulliver, the online furniture retailer's chief financial officer, said that after a two-year slump, demand for sofas, beds, chairs and home decor would eventually get back to normal.
Wayfair's first large-format store will officially open up shop once the online home goods retailer holds a grand opening on May 23. It will be 150,000 square feet.
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