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Wayfair Sales Decline

Wayfair CEO Compares Home Goods Slowdown to 2008 Financial Crisis: ‘Customers Remain Cautious’

The reports of Wayfair sales decline, the online home goods retailer for its fiscal second quarter. The company’s CEO, Niraj Shah, drew parallels between the current downturn in home goods and the financial crisis of 2008. “Our credit card data indicates that the current correction in the home goods sector mirrors the scale of the...
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