Wayfair#Employee walk-out

Entrepreneurs Niraj Shah and Steve Conine founded Wayfair in August 2002 as a two-person company with a makeshift headquarters in Conine's nursery in Boston, Massachusetts.{{cite web |url= http://boston.cbslocal.com/2011/09/20/back-bay-company-wayfair-to-merge-200-online-storefronts/ |website=Back Bay Company |title= Wayfair To Merge 200 Online Storefronts |date=20 September 2011 |publisher= CBS Boston}} Both Shah and Conine hold a Bachelor of Science degree from Cornell University, and had run two previous companies: Simplify Mobile, and iXL, a global consulting firm.{{cite web| url=http://www.wayfair.com/team|website=Wayfair |title=Team Bios}}

{{As of|December 2018}}, Shah is the chief executive officer, and Shah and Conine share the chairman position.

Originally known as CSN Stores (derived from a combination of Shah and Conine's initials), the company began with the website racksandstands.com, selling media stands and storage furniture.

In 2003, it added patio and garden goods suppliers, three online stores, and more than a dozen employees, and moved its headquarters to an office on Newbury Street in Boston.

Over the next two years, it expanded its catalog to include home décor; office, institutional, and kitchen and dining furniture and materials; home improvement goods; bed and bath materials; luggage and lighting. In 2006, it had $100{{nbsp}}million in sales.{{cite web| url= http://www.wayfair.com/about/history.php |website=Wayfair |title= History Timeline}}

The company expanded in the United States and into international markets.

In 2008, CSN Stores began shipping to Canada and selling in the United Kingdom, and opened a London office. The Boston Business Journal ranked it the #1 fastest-growing private e-commerce company in Massachusetts, and the #4 fastest-growing private company overall.{{Citation needed|date=May 2014}}

In 2009, it expanded to Germany. In 2010, it relocated its headquarters to 177 Huntington Avenue, where they occupied 10 floors. At the end of that year, it launched Joss & Main, a members-only online store.

By 2011, CSN Stores owned over 200 online shops—largely niche shops for specific products, like cookware.com, everyatomicclock.com, and strollers.com. In an effort to scale, direct traffic to a single site, and unify the company aesthetic, Shah and Conine rebranded CSN Stores as Wayfair (a name chosen by a branding firm, with no other meaning).

To market its new brand and continue its expansion, in June 2011 the company raised $165{{nbsp}}million in funding from the investment firms Battery Ventures, Great Hill Partners, HarbourVest Partners and Spark Capital.{{cite press release |url= http://www.prnewswire.com/news-releases/csn-stores-raises-165-million-first-round-to-expedite-expansion--bolster-branding-124357428.html |title= CSN Stores Raises $165 Million First Round to Expedite Expansion and Bolster Branding |publisher= CSN Stores |date=June 22, 2011}}

Wayfair.com launched on September 1, 2011.{{cite press release |url= http://www.prnewswire.com/news-releases/wayfaircom-launches-as-online-shopping-mega-site-with-largest-selection-of-home-products-anywhere-128877693.html |title= Wayfair Launches as Online Shopping Megasite with Largest Selection of Home Products Anywhere |publisher= Wayfair |date=September 1, 2011}} As of July 2012, it had consolidated all of its niche websites, with the exception of Joss & Main and AllModern, into Wayfair.com. In August 2012, it launched Wayfair Supply, a single destination for Wayfair's business, government and institutional customers. In August 2013, it acquired DwellStudio, a New York City-based design house and retailer focused on modern home and family furnishings.{{cite press release |url= http://www.prnewswire.com/news-releases/wayfaircom-acquires-dwellstudio-218098011.html |title= Wayfair Acquires DwellStudio |publisher= Wayfair |date=August 2, 2013}}

In March 2014, T. Rowe Price led a $157{{nbsp}}million pre-IPO financing, valuing the company at more than $2{{nbsp}}billion.{{cite news| url=https://blogs.wsj.com/digits/2014/03/07/wayfair-speeding-towards-ipo-lands-2-billion-valuation |title=Wayfair, Speeding Towards IPO, Lands $2 Billion Valuation| work = The Wall Street Journal |date =March 7, 2014|first=Greg |last=Bensinger }}

In late June 2014, the company again relocated its headquarters, this time to 4 Copley Place, about a block from its previous headquarters. It also opened two satellite offices in the surrounding area.{{cite web|website=Twitter|title=WayfairInsider: Status|url=https://twitter.com/WayfairInsider/status/481486544700997632}}

In October 2014, Wayfair raised over $300{{nbsp}}million through an IPO on the New York Stock Exchange under the ticker symbol W.{{cite news |url= https://www.reuters.com/finance/stocks/W/key-developments/article/3082200 |title= Wayfair Inc closes initial public offering and full exercise of underwriters' option to purchase additional shares |work=Reuters |date=October 7, 2014}} In July 2015, it sold its Australian business to local online retailer Temple & Webster for an undisclosed amount.{{cite web |url= http://investor.wayfair.com/investor-relations/press-releases/press-releases-details/2015/Wayfair-Sells-its-Australian-based-Business-to-Australias-1-Online-Furniture--Homewares-Retailer-Temple--Webster/default.aspx |title= Investor Relations: Wayfair Sells its Australian-based Business to Australia's #1 Online Furniture & Homewares Retailer Temple & Webster |website= Wayfair}} The brand was renamed Zizo and later absorbed into the Temple & Webster business.

{{As of|January 2014}}, Wayfair was the largest online-only retailer for home furniture in the United States,{{cite news| url=http://www.internetretailer.com/2014/01/28/wayfairs-growth-spurs-talk-possible-ipo|title=Wayfair's growth spurs talk of a possible IPO|work = Internet Retailer |date = January 28, 2014}} and the 33rd largest online retailer in the United States.{{cite news |url= https://www.internetretailer.com/2015/08/13/wayfairs-web-sales-soar-81-q2 |title= Wayfair's web sales soar 81% in Q2 |work= Internet Retailer}} It generated $380{{nbsp}}million in revenue in 2010, over $500{{nbsp}}million in 2011, over $600{{nbsp}}million in 2012, over $900{{nbsp}}million in 2013, and over $1.3{{nbsp}}billion in 2014.{{cite news |url= https://www.reuters.com/article/2015/03/04/ma-wayfair-idUSnBw045222a+100+BSW20150304 |archive-url= https://web.archive.org/web/20150924213953/http://www.reuters.com/article/2015/03/04/ma-wayfair-idUSnBw045222a+100+BSW20150304 |url-status= dead |archive-date= September 24, 2015 |title= Wayfair Announces Fourth Quarter and Full Year 2014 Results |work= Reuters |date= March 4, 2015 }} In 2015, its net revenue increased to $2.25{{nbsp}}billion,{{Cite web |url= http://s2.q4cdn.com/848638248/files/doc_financials/2015/annual/Wayfair-2015-Annual-Report.pdf |title= Wayfair 2015 Annual Report |date= January 31, 2016 |website=Wayfair.com |publisher= Wayfair, LLC |page=49 |access-date= June 2, 2016}} to $3.4{{nbsp}}billion in 2016{{Cite web |url= http://s2.q4cdn.com/848638248/files/doc_financials/2016/2016-Annual-Report-[FINAL].pdf |title= Wayfair 2016 Annual Report |date= January 31, 2017 |website=Wayfair.com |publisher= Wayfair, LLC |page=55 |access-date= July 25, 2017}} and to $4.7{{nbsp}}billion in 2017.{{Cite web|url=http://investor.wayfair.com/investor-relations/press-releases/press-releases-details/2018/Wayfair-Announces-Fourth-Quarter-and-Full-Year-2017-Results/default.aspx|title=Wayfair Announces Fourth Quarter and Full Year 2017 Results|website=investor.wayfair.com|language=en-CA|access-date=March 12, 2018}}{{Cite web|url=https://s2.q4cdn.com/848638248/files/doc_financials/2017/annual/2017-Annual-Report.pdf|title=Wayfair-2017-Annual-Report}}

File:Wayfair logo.svg

Wayfair spent more than $500{{nbsp}}million in advertising in 2017 and was on target to spend more in 2018.

In 2017, a South Dakota lawsuit aimed at forcing Wayfair to collect and pay state sales tax made it to the US Supreme Court, South Dakota v. Wayfair, Inc. The court held that states may charge tax on purchases made from out-of-state sellers, even if the seller does not have a physical presence in the taxing state.

The company hosted its first "Way Day" sale on April 25, 2018. Sales quadrupled compared to an average day in March, according to a report from analytics firm Edison Trends. The number of unique buyers on Way Day also rose nearly 400% compared to the March average, although the average order price spent on Way Day ($276) was about the same as in March ($275), according to that report.{{Cite news|url=https://www.retaildive.com/news/wayfair-finds-profits-elusive-as-q1-loss-widens/522627/|title=Wayfair finds profits elusive as Q1 loss widens|work=Retail Dive|access-date=May 2, 2018}}

According to an August 2018 article in The Boston Globe, Wayfair added an additional 2,000 employees in the first half of 2018, and the total number of employees approached 10,000. The company will be soon expanding to another building near Copley Square with office space for an additional 4,000 employees.

According to a marketing professor at Emory University, the company is losing $10 for every new customer acquisition.

On December 13, 2018, the Massachusetts Economic Assistance Coordinating Council approved a $31.4{{nbsp}}million tax break for Wayfair in exchange for a pledge to increase their hiring by at least 3,000 in Boston and 300 jobs at a new call center in Pittsfield. The tax break is one of the largest ever awarded by the state.{{cite news |last=Sperance |first=Cameron |url=https://www.bisnow.com/boston/news/office/wayfair-nabs-31m-in-tax-breaks-for-massachusetts-expansion-95970 |title=Wayfair Nabs $31M In Tax Breaks For Massachusetts Expansion |work=Bisnow Media |date=December 13, 2018 |access-date=December 14, 2018}}

On March 26, 2019, Wayfair announced that its first permanent physical storefront would open in the Natick Mall in Natick, Massachusetts. The retailer had previously tested a few temporary pop-up storefronts during the 2018 holiday season, and confirmed plans to open four additional pop-up storefronts in 2019.{{Cite web|url=https://www.cnbc.com/2019/03/26/online-furniture-retailer-wayfair-is-opening-up-its-first-store-ever.html|title=Online furniture retailer Wayfair is opening up its first store ever|last=Thomas|first=Lauren|date=March 26, 2019 |website=www.cnbc.com|access-date=April 19, 2019}}

Investors sued Wayfair, claiming the company's executives misled them about the company's value and actions, losing them money as the top brass cashed out.{{cite news |last=Cotter |first=Sean |url=https://www.bostonherald.com/2019/01/17/lawsuits-wayfair-misled-investors/ |title=Lawsuits: Wayfair Misled Investors |work=Boston Herald |date=January 17, 2019 |access-date=March 23, 2019 }} The case was dismissed in 2020.{{Cite web|url=https://lawstreetmedia.com/tech/securities-litigation-against-wayfair-dismissed/|title=Securities Litigation Against Wayfair Dismissed – Tech|date=9 July 2020}}

In May 2019, Wayfair was added to the Fortune 500 list for the first time, coming in at number 446.{{cite news |last=O'Brien |first=Jeffrey |url=http://fortune.com/longform/wayfair-founders-fortune-500/ |title=It's All Clicking for Wayfair, a Fortune 500 Newcomer |work=Fortune |date=May 16, 2019 |url-status=live |archive-url=https://web.archive.org/web/20190517130218/http://fortune.com/longform/wayfair-founders-fortune-500/ |archive-date=May 17, 2019 |access-date=May 17, 2019 }}

During participation on a business panel on September 19, 2019, CEO Niraj Shah was asked what Wayfair was looking for in new hires and he said the company was looking for employees who are talented and non-political. According to the Boston Business Journal Shah was quoted as saying, "We're generally just looking for people on two sets of criteria. One, it's just that … they're incredibly talented. They're intelligent, quantitative. Just that we think they have the raw material to really succeed and we feel confident. The second thing we look for — equally important — is the cultural fit. So we're bringing in non-political, you know, highly collaborative, just very driven and ambitious. There's a whole lot of cultural values that we think are important while we succeeded. We only hire (those candidates) who have these two sets; both kinds of traits for success." Later, when asked about Shah's comments in the article, Wayfair said in a statement that Shah's quote was "misinterpreted and inaccurately positioned in this story."{{cite news |last=Taylor |first=Kate |url=https://www.businessinsider.com/wayfair-ceo-wants-to-hire-non-political-employees-report-2019-9 |title=Wayfair's CEO reportedly said he wants to hire 'non-political' employees 3 months after workers walked out to protest furnishing border camps |work=Business Insider |date=September 20, 2019 |access-date=September 20, 2019 }}

On June 25, 2019, Wayfair employees announced plans to walk out in protest of a BCFS contract to sell beds to temporary migrant detention camps in a letter to senior management, including Niraj Shah and Steve Conine.{{Cite news|url=https://www.bostonglobe.com/business/2019/06/25/wayfair-employees-plan-walkout-oppose-furniture-sales-migrant-detention-facilities/STcUfJsDN4AXXls0PmJuhN/story.html|title=Wayfair employees plan walkout to oppose furniture sales to migrant detention facilities |last=Nanos|first=Janelle |date=June 25, 2019|work=The Boston Globe|access-date=June 25, 2019}}{{cite news |last1=Shanker |first1=Deena |last2=Roeder |first2=Jonathan |title=Ocasio-Cortez Backs Wayfair Workers' Ire Over Border-Camp Sales |url=https://www.bloomberg.com/news/articles/2019-06-25/wayfair-faces-worker-outrage-on-sales-to-border-camp-contractors |access-date=June 26, 2019 |publisher=Bloomberg |date=June 25, 2019}}{{cite web |last1=Ehrenkranz |first1=Melanie |title=Wayfair CEO Refuses to Stop Furnishing Concentration Camps: Report |url=https://gizmodo.com/wayfair-ceo-refuses-to-stop-furnishing-concentration-ca-1835850790 |access-date=June 26, 2019 |website=Gizmodo |date=June 25, 2019}} Wayfair leadership responded indicating they would not terminate the order, and did not indicate they would donate the profit from the order (approximately $86,000) to charity, as the letter requested. Congresswoman Alexandria Ocasio-Cortez expressed her support for the employees and the walkout. On June 26, 2019, several hundred Wayfair employees walked out.{{Cite web|url=https://www.cbsnews.com/news/wayfair-employees-plan-walkout-after-companys-sales-to-detention-centers/|title=Wayfair employees walk out after company's sales to migrant children holding facility|last=Ivanova|first=Irina|date=June 26, 2019 |website=CBS News|access-date=June 26, 2019 }}

In late October 2019, the company announced it had hired 1,500 people in the last quarter, had a net loss of $272 million, and a revenue increase of 36 percent over the previous year.

On February 13, 2020, the company announced a layoff of 550 employees or about three percent of their global workforce. The headquarters in Boston accounted for 350 of those employees let go, despite having received $31 million in tax breaks from the state.{{cite news |last=Sperance |first=Cameron |url=https://www.bisnow.com/boston/news/office/wayfair-nabs-31m-in-tax-breaks-for-massachusetts-expansion-95970 |title=Wayfair Nabs $31M In Tax Breaks For Massachusetts Expansion |work=Bisnow Media |date=December 13, 2018 |access-date=December 14, 2018}} Chief executive Shah notified employees in an e-mail saying, "On reflection this last period of investment went on too long . . . and we find ourselves at a place where we are, from an execution standpoint, investing in too many disparate areas, with an uneven quality and speed of execution." As of 2020, the company has yet to show a profitable quarter.{{cite news |last=Nanos |first=Janelle |url=https://www.bostonglobe.com/2020/02/13/business/layoffs-underway-wayfair/ |title=Wayfair lays off 550 employees, including 350 in Boston |newspaper=The Boston Globe |date=February 13, 2020 |url-access=registration |access-date=February 13, 2020 }}

Wayfair won the 2020 Webby Award for Shopping in the category Apps, Mobile & Voice.{{cite web |last1=Kastrenakes |first1=Jacob |title=Here are all the winners of the 2020 Webby Awards |url=https://www.theverge.com/2020/5/20/21263445/2020-webby-awards-winners-lil-nas-x-nasa-jon-krasinski |website=The Verge |access-date=22 May 2020 |date=20 May 2020}}

On July 10, 2020, Wayfair became the subject of a conspiracy theory that falsely accused the company of being involved in child sex trafficking as a front organization.{{cite news |last1=Evon |first1=Dan |title=Is Wayfair Trafficking Children Via Overpriced Items? |url=https://www.snopes.com/fact-check/wayfair-trafficking-children/ |work=Snopes |date=July 10, 2020}}{{cite news |last1=Whalen |first1=Andrew |title=Kids Shipped in Armoires? The Person Who Started the Wayfair Conspiracy Speaks |url=https://www.newsweek.com/wayfair-child-trafficking-conspiracy-theory-cabinets-scandal-1517013 |work=Newsweek |date=July 10, 2020}}{{cite web | last=Spring | first=Marianna | title=Wayfair: The false conspiracy about a furniture firm and child trafficking | website=BBC News | date=2020-07-15 | url=https://www.bbc.com/news/world-53416247 | access-date=2022-02-18}}

In 2022, Wayfair announced the opening of a flagship store in the King of Prussia Mall outside of Philadelphia, PA.{{Cite web |url=https://www.bizjournals.com/philadelphia/news/2022/06/06/wayfair-to-open-flagship-store-at-king-of-prussia.html |access-date=2022-06-13 |title=Wayfair to open flagship store with a rooftop bar at King of Prussia Mall |website=www.bizjournals.com}}

On August 19, 2022, CEO Niraj Shah penned a letter to employees{{Cite web |url=https://www.aboutwayfair.com/category/company-news/a-message-from-ceo-and-co-founder-niraj-shah |access-date=2022-08-25 |title=A Message from CEO and Co-Founder Niraj Shah |website=www.aboutwayfair.com|date=19 August 2022 }} notifying them that approximately 900 positions were to be laid off. Citing post-pandemic growth that "has not materialized as we had anticipated," Shah continues, "Our team is too large for the environment we are now in, and unfortunately we need to adjust."

In 2022 Wayfair was facing losses and a stock drop of 70% from the beginning of the year through August, and posted a loss of $378 million in Q2 of 2022.{{Cite web |url=https://edition.cnn.com/2022/08/19/business/wayfair-layoffs/index.html |access-date=2022-08-25 |title=Wayfair is cutting 5% of its global workforce |website=CNN|date=19 August 2022 }} The CEO's letter notes severance packages of 10 weeks pay minimum to US-based employees. Those packages are expected to cost the company between $30 and $40 million.

File:Wayfair Wilmette.jpg]]

In May 2024, the company opened its first non-outlet, Wayfair-branded physical location in Wilmette, Illinois, joining other formerly online-only brands like Warby Parker, Figs, Glossier, and Everlane in opening a brick and mortar location.{{Cite web |last=Fonrouge |first=Gabrielle |date=2024-05-16 |title=Wayfair to open its first large store, as physical locations make a comeback |url=https://www.cnbc.com/2024/05/16/wayfair-to-open-first-large-store-outside-of-chicago.html |access-date=2024-05-16 |website=CNBC |language=en}}

In January 2025, Wayfair announced that the company would withdraw from the German and Austrian markets, leading to a layoff of an estimated 730 positions or 3% of its global workforce. Wayfair Finance Chief Kate Gulliver shared in a statement with the CNBC that the company's aim is to grow its market share where the potential return on investment was higher. Mayor Julien Neubert (SPD) in Lich, Hesse expressed regret publicly for the company's decision to exit the market, citing the impact layoffs would have on his city of about 14,000 residents.{{cite news |last1=Fonrouge |first1=Gabrielle |title=Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail |url=https://www.cnbc.com/2025/01/10/wayfair-to-exit-germany-cut-730-jobs-in-latest-layoffs.html |work=CNBC |date=10 January 2025 |language=en}}{{cite news |title=Online-Möbelhändler Wayfair schließt auch Standort in Lich |url=https://www.hessenschau.de/wirtschaft/online-moebelhaendler-wayfair-schliesst-auch-standort-in-lich-v1,kurz-wayfair-lich-100.html |access-date=12 January 2025 |work=hessenschau |date=11 January 2025 |language=German}}

AllModern first launched in 2006{{Cite web |title=20 Years of Home |url=https://www.aboutwayfair.com/20-years-of-home#2006 |access-date=2025-04-16 |website=About Us |language=en}} as an online-exclusive furniture retailer and the first specialty retail brand to launch under CSN Stores. Its collection has taken inspiration from design ideologies such as the Bauhaus movement and the Good Design Era, aiming to evolve timeless designs of minimalist and mid-century furniture. In May 2022, AllModern opened its first brick and mortar store in Lynnfield,{{Cite web |last=Jarrett |first=Vicky |date=2022-05-23 |title=Wayfair opens Massachusetts store to showcase AllModern brand |url=https://www.hometextilestoday.com/omnichannel/wayfair-opens-massachusetts-store-to-showcase-allmodern-brand/#:~:text=Lynnfield,%20Mass.,fast%20delivery%20to%20their%20homes. |access-date=2025-04-16 |website=Home Textiles Today |language=en-US}} Massachusetts, giving customers the new opportunity to see physical products while still offering online access to product options and alternative delivery options that allow customers to buy items in store and take home or purchase in store for fast and free delivery. AllModern has since opened its second store in Dedham,{{Cite web |last=Wear |first=Anne Flynn |date=2022-11-16 |title=Two are better than one ... AllModern opens 2nd store |url=https://www.furnituretoday.com/furniture-retailer/two-are-better-than-one-allmodern-opens-2nd-store/ |access-date=2025-04-16 |website=Furniture Today |language=en-US}} Massachusetts and its most recent store in Austin,{{Cite web |title=https://hfbusiness.com/hfbnow/ArticleId/24482/wayfairs-specialty-retail-brand-opens-third-store-in-austin |url=https://hfbusiness.com/hfbnow/ArticleId/24482/wayfairs-specialty-retail-brand-opens-third-store-in-austin |access-date=2025-04-16 |website=hfbusiness.com |language=en-US}} Texas.

Birch Lane launched under Wayfair in 2014 providing for Wayfair customers who seek out more traditional styles. Birch Lane{{Cite web |last=Karp |date=2014-04-21 |title=A trip to Birch Lane |url=https://www.hometextilestoday.com/industry-news/trip-birch-lane/ |access-date=2025-04-16 |website=Home Textiles Today |language=en-US}} has made it a point to narrow down their assortment to a fraction of Wayfair's assortment, focusing on a curated selection of traditional and has drawn assortment inspiration from a category of sales under both Wayfair & Joss and Main that Wayfair strategists describe as "traditional twisted" or traditional with a modern twist. Birch Lane has quickly rolled out its physical store initiatives, opening four stores since their initial store opening in March 2024. The stores are all based in Florida{{Cite web |title=Birch Lane Store Locations |url=https://www.birchlane.com/birch-lane-store-locations~b726.html |website=Birch Lane}} in Sarasota, Tampa, Naples, and Boca Raton.

Joss & Main is Wayfair's second specialty retail brand to have launched in 2010, as a membership exclusive online retailer{{Cite web |last=Pinto |first=Jennifer |date=2018-07-03 |title=Catching Up With Joss & Main |url=https://www.homeaccentstoday.com/furniture-lighting-and-decor/catching-joss-main/#:~:text=Launched%20in%202011%20as%20a,trend%20products%20and%20great%20deals. |access-date=2025-04-16 |website=Home Accents Today |language=en-US}} providing access to flash sales on well-known home furnishing and decor brands. Joss & Main's assortment of home decor and furniture aims to serve a customer looking to incorporate both fun and stylish pieces into their home at a great value,{{Cite web |last=Pinto |first=Jennifer |date=2018-07-03 |title=Catching Up With Joss & Main |url=https://www.homeaccentstoday.com/furniture-lighting-and-decor/catching-joss-main/#:~:text=Launched%20in%202011%20as%20a,trend%20products%20and%20great%20deals. |access-date=2025-04-16 |website=Home Accents Today |language=en-US}} offering the latest home decor trends now both online and in physical stores. Joss and Main has brick and mortar stores{{Cite web |title=Joss and Main Store Locations |url=https://www.jossandmain.com/joss-main-store-locations~b601.html?refid=GX658164603723.Joss%20and%20main%20stores~e&position=&network=g&pcrid=658164603723&device=c&targetid=kwd-355389528913&CID=20114963241&gad_source=1&gbraid=0AAAAADNGqRBoX3uYkR6mYpJKNwoJWY3O0&gclid=Cj0KCQjwh_i_BhCzARIsANimeoH4nEtG1P1CSpyoGGMyfyNTaxL6xPt8oB9OUWTHvR-jvpXbXFXc7RoaAtyWEALw_wcB |website=Joss and Main}} in Burlington, Massachusetts and Oak Brook, Illinois.

Perigold launched in 2017 as Wayfair's first luxury home retail brand. The brand is known for its higher end designer brands in comparison to its Wayfair counterparts and offers top-tier customer service, free design services, and shipping advantages.{{Cite web |date=2024-08-28 |title=Perigold Is Your Gateway to Scoring Designer-Approved Goods |url=https://www.housebeautiful.com/shopping/furniture/a61936639/perigold-furniture-review-guide/ |access-date=2025-04-16 |website=House Beautiful |language=en-US}} Perigold is expected to open their first physical retail stores in 2025 in Houston, Texas and West Palm Beach, Florida.{{Cite web |date=2024-11-25 |title=Perigold adds another location to its brick-and-mortar debut |url=https://chainstoreage.com/perigold-adds-another-location-its-brick-and-mortar-debut |access-date=2025-04-16 |website=Chain Store Age |language=en}}

Wayfair has over 12{{nbsp}}million square feet of warehouse space in Europe and North America with a dozen fulfillment centers. {{As of|2019}}, the company offers 14{{nbsp}}million products from 11,000 global suppliers. Wayfair employs over 2,300 engineers and data scientists and 3,000 customer service representatives in Boston; Berlin; Ireland; and other cities in the United States. The company expected to spend more than $1{{nbsp}}billion in marketing and advertising in 2019.

{{As of|October 2021}}, the board of directors is:{{Cite web|url=https://investor.wayfair.com/investor-relations/corporate-governance/board-of-directors/default.aspx|title=Wayfair Inc. – Investor Relations – Corporate Governance – Board of Directors|website=investor.wayfair.com|access-date=April 12, 2019}}

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