Wayfair Inc. (NYSE: W)
Internet Retail · Boston, MA, United States · Founded 2002
- Market capitalization: $5.0 billion
- Annual revenue: $1.37 billion
- Net income: $0.03 billion
- Employees: 15,000
- Sector: Consumer Cyclical
- Headquarters: Boston, United States
- Founded: 2002
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Wayfair is the largest online-only furniture and home goods retailer in the US, selling over 33 million products from 20,000+ suppliers. The company operates Wayfair, AllModern, Birch Lane, Joss & Main, and Perigold (luxury). Niraj Shah and Steve Conine founded the company in 2002 (originally as CSN Stores). Wayfair has struggled with profitability despite massive revenue, and the stock has been extremely volatile.
Wayfair operates a drop-ship model u2014 it doesn't hold most inventory. Suppliers ship directly to customers, and Wayfair takes a margin on each sale. This keeps capital requirements low but margins thin. Revenue exceeds $12 billion annually. The company has been investing in its own logistics network (CastleGate) to improve delivery speed and reduce costs. Advertising spend is enormous.
Shah and Conine started CSN Stores in 2002, operating over 200 niche home goods websites. They consolidated everything under the Wayfair brand in 2011. IPO in October 2014 at $29 per share. COVID drove a massive surge in home furnishing demand, pushing the stock above $350 in 2021. The subsequent crash took it below $30. The company has laid off thousands of employees in multiple rounds.
| Market Capitalization | $5.0B |
| Annual Revenue | $1.37B |
| Net Income | $0.03B |
| Profit Margin | 2% |
| Revenue per Employee | $91333K |
| Stock Exchange | NYSE |
| Ticker Symbol | W |
Financial data is approximate and based on most recent annual filings.
Wayfair operated 240 separate niche websites (like RacksAndStands.com and AllBarStools.com) before consolidating under one brand. The company was the subject of a bizarre QAnon conspiracy theory in 2020 involving expensive cabinets. Shah and Conine are childhood friends who started their first business together in high school.
Wayfair proved that people will buy furniture online, but the economics are brutal u2014 customer acquisition costs are high, returns are expensive, and the company has yet to demonstrate it can be consistently profitable.
What is Wayfair Inc.'s revenue?
Wayfair Inc. generates approximately $1.37 billion in annual revenue.
How many employees does Wayfair Inc. have?
Wayfair Inc. employs approximately 15,000 people worldwide.
What is Wayfair Inc.'s market cap?
Wayfair Inc. (W) has a market capitalization of approximately $5.0 billion on the NYSE.
When was Wayfair Inc. founded?
Wayfair Inc. was founded in 2002 and is headquartered in Boston, MA, United States.
Who is the CEO of Wayfair Inc.?
Niraj Shah is the current CEO of Wayfair Inc..
What is Wayfair Inc.'s website?
Wayfair Inc.'s official website is wayfair.com.
| CEO | Niraj Shah |
| Sector | Consumer Cyclical |
| Industry | Internet Retail |
| Founded | 2002 |
| HQ | Boston, MA |
| Country | United States |
| Website | wayfair.com |
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