Wayfair’s Sales Drop as It Loses Customers

by | Aug 4, 2022 | Business

Wayfair posted broad declines in its business Thursday, the latest sign of the online furniture seller’s struggle to reignite consumer interest coming out of the pandemic.The Boston company said revenue in the second quarter declined about 15% from a year ago to $3.3 billion. That resulted in a net loss of $378 million in the quarter ended June 30, compared with a profit of $131 million in the same period last year.

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