Retail News

Wayfair’s stock jumps on strong virus-related sales growth

Bloomberg/Yahoo Finance 04/07/2020

Wayfair saw its gross revenue growth rate more than double towards the end of March as more consumers practice social distancing and work from home. The online furniture retailer’s share price rose as much as 51 percent in trading at one point yesterday. The company generates about 85 percent of its revenue from the U.S. market.

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