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. “We are committed...
As retailers look to secure consumers’ loyalty both online and in stores, PYMNTS Intelligence research finds that digital deals and discounts go a long way toward meeting shoppers’ evolving expectations. By the Numbers The PYMNTS Intelligence study “2024 Global Digital Shopping Index: The Rise of...
As homeware brands tap mixed-reality digital capabilities to build trust in their eCommerce platforms, Joybird is using 3D room scanning to build consumer confidence in its products. The La-Z-Boy-owned direct-to-consumer company announced Thursday (Feb. 22) the launch of digital design tools from product visualization platform...
As eCommerce marketplaces look to gain back share from industry giants, Wayfair joins those looking to in-house rewards programs to make its offerings more relevant to shoppers. On a call with analysts Thursday (Feb. 22) discussing its fourth-quarter and full-year 2022 earnings results, the home...
February 09, 2024
The commerce landscape is experiencing unprecedented growth, driven by the rapid expansion of digital marketplaces and eCommerce platforms. This surge comes as little surprise, as consumers are increasingly embracing the convenience of browsing and purchasing goods and services via their smartphones and connected devices, bypassing traditional in-store shopping experiences. Beyond catering to changing consumer preferences for convenience, […]
November 07, 2019
The tax man looms across state and international borders, searching for digitally derived dollars due — scanning sites, platforms and even pop-up stores. For retailers and other firms, there’s the...
September 27, 2019
Countries around the globe are launching new digital sales taxes in efforts to improve their revenue streams and create more balanced business environments for domestic brick-and-mortars and foreign eCommerce marketplaces....
September 24, 2019
Last year a Supreme Court ruling changed the way eCommerce firms collect taxes. It’s a patchquilt of state by state mandates, and a landmine for firms leery of running afoul...
January 19, 2024
Wayfair is laying off 1,650 employees as part of its efforts around “right-sizing its cost structure.” The cuts amount to about 13% of its global workforce and 19% of its corporate team, the furniture and home goods eCommerce company said in a Friday (Jan. 19) press release. “I think the reality is that we went […]
December 29, 2023
Shein or Temu reportedly could be potential merger partners for Wayfair. Either of the two Chinese-founded eCommerce companies could be a good fit for a merger with the Boston-based home...
January 20, 2023
Wayfair is cutting 10% of its global workforce, including 18% of its corporate employees. The home goods retailer said in a Friday (Jan. 20) press release that these cuts amount to about 1,750...
November 03, 2022
After a quarter in which its revenue, active customers and orders dropped, home goods platform Wayfair is working to reduce costs by a half-billion dollars while also aiming to grow....
