Wayfair said in a press release that when it entered March, gross revenue growth was just under 20%, similar to trends during January and February. But by the end of the month, growth more than doubled. Wayfair said the trend has persisted into April.
The company added that it is "accelerating" efforts to become profitable, without going into too much detail. It said it will provide an update on those strategies when it reports quarterly earnings on May 5. Prior to COVID-19 striking, only about 14% of total furniture sales in the U.S. were made online, McCarthy said. "Remove 86% of the supply ... [and] those who can still supply the market will see a pop.""Of course, to the extent that the pandemic is a short-lived phenomenon, when those stores reopen, that will bring that 86% of the supply back on the market," McCarthy cautioned.
Source: Entertainment Trends (entertainmenttrends.net)
who is sitting at home buying office furniture that's going to be 1/2 price from all the bankruptcies?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus outbreak at Riverside nursing home leaves 30 sickCoronavirus: Outbreak at Riverside nursing home sickens 30 patients Ooh my
Source: latimes - 🏆 11. / 82 Read more »
When will we know the UK lockdown is working?Almost two weeks after Britons were confined to their homes, is the coronavirus curve flattening? 1-2 weeks later.
Source: bbchealth - 🏆 143. / 63 Read more »
Albania's 29 new coronavirus cases mark highest daily surgeAlbania reported 29 new cases of the coronavirus on Saturday, the highest daily number in a single day, as 2.8 million Albanians started a third 40-hour lockdown to break the contagion's chain. *Albany Hopefully Captain Lou is ok. Unless he's already dead. Im not sure
Source: Reuters - 🏆 2. / 97 Read more »
Albania's coronavirus cases surge for third day in rowAlbania reported 28 new cases of the new coronavirus on Sunday and said a failure to respect social distancing had led to the highest numbers of infections over the last three days.
Source: Reuters - 🏆 2. / 97 Read more »
Coronavirus deaths surge in California as officials prepare for challenging weeks aheadThe number of coronavirus deaths in California jumped to 285 as officials warned of tough weeks ahead as the virus spreads rapidly. Deaths SUUUUUUURGED! Total exaggeration and used to cause panic. luvinmyukcats You need to do whatever you can to secure funding for Native Americans. But I don’t understand in spain we are in total lockdown ,we cant go out ,we can’t exercise ,we get fined , we can only go 2 supermarkets & pharmacies , I would not say USis on lockdown , you guys are still going out to the park, the beach taking walks ,we can’t even take walks
Source: latimes - 🏆 11. / 82 Read more »