Retail News

Wayfair lost customers and money in the first quarter

CNBC 05/05/2022

Wayfair’s customer count during the first quarter fell 23.4 percent from the same period in 2021. The online furniture company reported a loss of $319 million. Wayfair announced that its CFO Michael Fleisher will retire early next year and be replaced by Kate Gulliver, the company’s chief people officer.

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