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Wayfair
Wayfair is a U.S. eCommerce company that sells furniture and home goods. It was formerly known as CSN Stores.
Today In Payments: Scammers Target Used Car Buyers; California Voters Uphold Gig Worker Status
November 4, 2020
In today’s top news, scammers are targeting used car buyers amid an uptick in digital sales, and California voters passed a proposition that upholds gig worker status. Plus, Wayfair released ...Today In Retail: Wayfair Exceeds Estimates; Carvana Sales Surge; SA Company Pivots With Pandemic
November 3, 2020
These are the top stories in retail for Tuesday (Nov. 3).
Wayfair, Home Furnishings Sector Looks Past COVID Winter
Bloomberg reported this week that Boston-based home décor eCommerce giant Wayfair turned in ...Wayfair, Home Furnishings Sector Looks Past COVID Winter
November 3, 2020
Go home and stay home until we sound the all-clear, they said. So, we did.
Being Americans, always seeing new possibilities, it didn’t take long for work-from-home lockdowns to transmute into ...Wayfair Reports 67 Pct YOY Net Revenue Growth
November 3, 2020Wayfair Inc. reported net revenue growth of 67 percent year over year and 28.8 million active customers, up 51 percent year over year, in the third quarter, according to a ...Retailers Look To Redefine Holidays For Q4
September 17, 2020
What a difference a day makes – or doesn’t make. While the retail industry waits for Amazon to officially announce Prime Day, some other events are starting to take their ...Wayfair And Citi Partner On Card Offerings
September 11, 2020
Citigroup’s Citi Retail Services will provide private label and co-branded credit cards for online home goods retailer Wayfair, the companies announced Friday (Sept. 11).
“Starting today, the Wayfair Credit Card and ...Digital Shift Puts Its Feet Up On Furniture Business
August 5, 2020
The digital shift is definitely extending to online furniture sales, with two companies — Wayfair and Blueport — reporting stratospheric increases in sales.
Wayfair announced on Wednesday (Aug. 5) that its ...'Buy Now, Pay Later' Soars On Debit's Charm
June 22, 2020
Like contactless payments, “buy now, pay later” (BNPL) companies are having a right time, right idea moment thanks to COVID-19, as consumers look to stretch every dollar — buying time, ...Deep Dive: Consumers Turn To Home Improvement Projects Amid The Pandemic With BNPL Assist
June 19, 2020
American consumers will be spending more time at home this summer as they continue to social distance amid the COVID-19 pandemic, and they are thus examining ways to spruce up their surroundings with home ...Stay-At-Home Orders Great News For Home Goods Sellers Like Wayfair
May 12, 2020
Roman philosopher Gaius Plinius Secundus, better known as Pliny the Elder, famously said “Home is where the heart is” somewhere around the year 45 AD — thus coining an aphorism ...Wayfair's Sales Up 20 Pct As Homebound Consumers Feather Nests
May 5, 2020
Online retail giant Wayfair saw its sales surge in the first quarter of 2020, even while its net loss grew. The increase in sales figures and online shoppers is in ...Coronavirus Impacts eCommerce, Business Travel
February 28, 2020
The coronavirus has wide-reaching effects on eCommerce, technology, medicine, business travel and the economy. Here are the latest updates on its impacts around the world.
Shares of Wayfair fell as much ...Top News In Payments: Apple Shares Hit Record High; CA Denies Lending License For Sezzle
January 3, 2020
In today’s top payments news, Apple’s share price hit a record high above $300 on Thursday, “buy now, pay later” company Sezzle was denied a lending license from California and ...When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase
December 27, 2019
Call it the great Huggies debate. States tax sales of discretionary items like skateboards and exempt medical devices like inhalers — but they can’t agree on how to classify diapers. ...What The Streamlined Sales And Use Tax Agreement Means After Wayfair
November 26, 2019
Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses ...The Economic Case For Remote Sales Tax Uniformity
November 25, 2019
Small and medium-sized businesses (SMBs) struggle to meet new remote sales tax laws that vary across 43 states — a consequence of the 2018 South Dakota v. Wayfair Supreme Court ...Elavon's Sage Pay Acquisition, Google's Citi Deal, Facebook Pay Top This Week’s News
November 22, 2019
It’s the end of the workweek and the PYMNTS Weekender is here to make sure you didn’t miss anything — and that you start off your weekend right, with the ...Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO Denies Apple Card Credit Bias Claims
November 22, 2019
In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. Also, Goldman ...What Wayfair’s Lawyer Says About The Wayfair v. South Dakota Decision
November 22, 2019
The 2018 South Dakota v. Wayfair ruling allowed counties, states and municipalities to pass laws to tax out-of-state sellers and the eCommerce marketplaces that serve them, but the ruling did ...Wayfair's High-Tech Mobile Experience
November 14, 2019
Wayfair is expanding its use of augmented reality (AR) with the latest round of high-tech upgrades upgrades to its mobile app. Part and parcel of its more comprehensive AR offering, ...Where The Tax Man Will Knock Louder Post-Wayfair — And Sooner
November 7, 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 persistent ...Deep Dive: Wayfair’s Complex, Ongoing And Unexpected Effects On Retailers
October 28, 2019
The 2018 South Dakota v. Wayfair ruling is reshaping the business landscape, forcing companies to consider its long-term effects. Wayfair’s case enabled cities and states to pass economic nexus laws ...Confronting Wayfair's Unanswered Questions
October 25, 2019
Passing broad sales tax laws is an approach that many legislators are taking to close loopholes, but the policies don’t always play out as intended. States like Kansas have drafted ...NRF On The Case For Revising eCommerce Sales Tax Laws
October 24, 2019
The 2018 South Dakota v. Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether ...Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers
September 30, 2019
The eCommerce sales tax laws introduced last year are causing unintended effects on the tobacco industry — making compliance harder. SMBs can’t afford to sell online if it means paying ...Trending: Close But No Cigar? What Local Sales Tax Laws Mean For Tobacco eSellers
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. ...As The Online Tax Man Cometh, Will Smaller Retailers Embrace 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 ...Deep Dive: The Unfolding Legacy Of South Dakota v. Wayfair
September 5, 2019
Governments rely on tax revenues to fuel the vital services they provide to residents and businesses – from firefighting and public education to water system repair and road maintenance. Retail ...Report: The Risky Business Of Navigating Online Sales Tax For Merchants
September 3, 2019
Consumers are flocking to eCommerce, and more than 230 million U.S. consumers are expected to be shopping online by 2021. Merchants are eagerly striving to be selected to fulfill consumers’ ...Retail Pulse: Wayfair Opens Mall Store; Banana Republic Unveils Style Passport
August 23, 2019
Online furniture retailers are stepping further into the world of physical retail with permanent brick-and-mortar stores. Wayfair, for instance, opened a store at the Natick Mall in suburban Boston, where ...Retail Pulse: Domino’s Opens 10,000th International Store; McDonald’s Buys Dynamic Yield
March 29, 2019
American quick-service restaurants (QSRs) are growing in markets around the world that are thousands of miles away from the United States. News recently surfaced that Domino’s marked a milestone with ...Wayfair To Open First Brick-and-Mortar Store
March 27, 2019
Amid a move into brick-and-mortar retail, home furnishings company Wayfair intends to open a physical store at Massachusetts’s Natick Mall. The location is said to open its doors at the ...Wayfair Beats Q4 Estimates With Logistics And Supply Control
February 22, 2019
Wayfair, the online home furnishings firm, had a better than expected Q4, the company announced on Friday (Feb. 22). In its earnings announcement, the company said it was able to ...Wayfair Debuts An Outlet Store
February 14, 2019
After testing out pop-up shops last year, digital furniture retailer Wayfair plans to open the doors to an outlet store in Kentucky. The brick-and-mortar location will be in the building of ...Why Subscription Merchants Are Offering Mobile Optimization With Payments
February 12, 2019
From consumer packaged goods (CPG) to technology, companies in all sorts of industries are adopting the subscription business model. But, despite the differences in their offerings, merchants that offer subscriptions ...How AR/VR Tech Is Reshaping Retail
January 24, 2019
Before consumers started to trade brick-and-mortar shopping experiences for eCommerce websites, retailers could bring customers through their doors with window displays. Now, with this shift, retailers are creating engaging experiences ...Amazon Turns To VR To Boost Furniture Sales
January 7, 2019
Amazon is hoping to increase purchases of furniture online, rolling out a new feature dubbed Amazon Showroom that takes advantage of virtual reality tools.
According to a report in Chain Store ...The Year Of The Pop-Up Shop
December 27, 2018
Pop-up shops welcomed consumers in malls and major U.S. cities this year, with big brands testing retail concepts “in real life” with temporary spaces. And, in some cases, brick-and-mortar retailers ...Wayfair Rolls Out MyWay Membership Program
October 16, 2018
Wayfair has announced the launch of MyWay, a new paid membership program that offers benefits such as insider sales, discounts on installation and assembly services, free shipping and next-day delivery.
For an ...Retail Pulse: Brandless And Wayfair Plan Pop-Ups, Kroger Teams With Walgreens For Pickup
October 5, 2018
Digitally native retailers are testing out temporary brick-and-mortar locations to drive consumer engagement — and allow their customers to experience some of their selections in real life. Two eCommerce retailers ...