Wayfair Q3 income down 18.7%

BOSTON – Wayfair posted third quarter complete web income of $3.1 billion which is down 18.7% from the third quarter of 2020 together with a gross revenue of $882.7 million or 28.3% of complete web income for the quarter ending Sept. 30.

“As varied geographies reopened post-pandemic, customers naturally shifted some spend in direction of journey and leisure and from e-commerce in direction of brick-and-mortar. Demand and curiosity within the dwelling stays resilient, however it’ll take just a few extra quarters for our development – and e-commerce development generally – to get again to regular,” stated Niraj Shah, CEO, co-founder

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