Wayfair announces a harsh decision amid declining sales
The home goods retailer is making a major change as it struggles to boost sales.
It is no secret that over the previous year, Wayfair (W) has been tormented by an alarming shift in user behavior.
As home prices within the U.S. live excessive, and the housing turnover price stays the bottom it’s been in 30 years, with the frequent 30-year mortgage price being practically 7%, customers indulge in deprioritized home goods spending. This involves pulling abet on funding orderly discretionary home tasks similar to kitchen and bathtub remodels.
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