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Wayfair Copied Amazon to Grow Fast. Now, It Searches for Profits
2 points
by
anilshanbhag
about 5 years ago
1 comment
anilshanbhag
about 5 years ago
Wayfair just reported earnings. Their stock is now down 65% from its peak. They expect to grow revenues at 15% this year (before factoring in Coronavirus) and have -7% EBIT margin. The ecommerce space is tough !