• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Wayfair Shares Business Update

    6/7/23 7:00:00 AM ET
    $W
    Catalog/Specialty Distribution
    Consumer Discretionary
    Get the next $W alert in real time by email

    Steve Oblak to retire in Q1 2024; Jon Blotner to be named Chief Commercial Officer

    Q2 revenue trend improving, led by growth in orders

    BOSTON, June 7, 2023 /PRNewswire/ -- Wayfair Inc. (NYSE:W), one of the world's largest destinations for the home, today shared an update on its business leadership and performance. The company announced that Steve Oblak, Chief Commercial Officer, will retire from Wayfair in Q1 2024 after 14 years of leadership. It announced the planned appointment of Jon Blotner to the role of Chief Commercial Officer and also shared details on quarter-to-date business trends, which continue to improve in spite of a difficult macro environment.

    Wayfair Names Jon Blotner Incoming Chief Commercial Officer

    "Steve has served as a critical part of our leadership team and played a pivotal role in Wayfair's growth, helping us grow from a $250 million business when he joined to $12 billion in net revenue today. He oversaw countless milestones, from helping to launch the Wayfair brand as we brought together hundreds of sites into a single platform, to launching new categories, business lines, and geographies while overseeing our North American and European businesses, to leading our debut into physical retail," noted Niraj Shah, CEO, Co-Chairman and Co-Founder, Wayfair. "He leaves us in great hands with Jon, who has been instrumental in building and growing a wide range of our commercial offerings over the last seven years. I look forward to seeing Jon take the helm of our Commercial organization and build on this momentum as we further solidify our position as the leader in Home."

    "It's been an honor to be part of Wayfair's growth story and a member of this incredible team," said Oblak. "The journey has been amazing and life changing. We have a huge opportunity ahead and I'm confident in our future. Jon is uniquely qualified to lead Commercial, and I'm excited to see him bring his passion, energy and creativity to Wayfair's long-term opportunities with a long-term ownership mindset."

    The company also shared that quarter-to-date gross revenue is strengthening, and is now trending in the negative mid single digit percentage range year-over-year. This improvement relative to the company's last business update has been driven by total order growth turning positive year-over-year during the period, offsetting lower average order values and the impact of deflation.

    "We have been very pleased by how our team's efforts have rekindled the flywheel that has powered our business for 20 years," continued Shah. "Our core Commercial offering is stronger than ever and we see momentum in the topline as our vast selection, sharp pricing, and fast, seamless delivery all resonate with customers to drive better results. We continue to take market share and execute tightly against our cost efficiency plan, driving us to Adjusted EBITDA profitability in Q2. It's nice to be on offense again, and we're excited about the opportunity ahead."

    Jon Blotner brings to the CCO role nearly two decades of experience growing retail businesses, technology offerings and services while also building, operating and scaling high-performing teams across a diverse range of functions. To date at Wayfair, he has overseen the company's Exclusive Brands and Specialty Retail Brands, which include AllModern, Joss & Main and Birch Lane, as well as its Visual Media, 3D Operations and Technology, Merchandising as a Service, Advertising, and Supplier Acquisition and Onboarding functions. Before joining Wayfair, Jon served as President of Gemvara.com until it was acquired by Berkshire Hathaway in 2016. Prior to Gemvara, Jon worked for Bain & Company in Boston. Blotner will serve as Incoming CCO beginning July 2023 and will formally assume the CCO role in October 2023.

    "I am honored to be named Wayfair's Chief Commercial Officer and lead our highly-talented Commercial team," said Blotner. "Wayfair has built a platform that is unrivaled in the Home space and we have a significant market opportunity ahead. I look forward to continuing to drive innovation across our core customer and supplier experiences and further expand our omnichannel presence so that we can meet our customers wherever they are with the absolute best shopping experience in our category."

    About Wayfair

    Wayfair is the destination for all things home: helping everyone, anywhere create their feeling of home. From expert customer service, to the development of tools that make the shopping process easier, to carrying one of the widest and deepest selections of items for every space, style, and budget, Wayfair gives everyone the power to create spaces that are just right for them.

    The Wayfair family of sites includes:

    • Wayfair: Everything home — for a space that's all you.
    • Joss & Main: The ultimate style edit for home.
    • AllModern: All of modern, made simple.
    • Birch Lane: A fresh take on the classics.
    • Perigold: An undiscovered world of luxury design.
    • Wayfair Professional: Just right for Pros.

    Wayfair generated $12.0 billion in net revenue for the twelve months ended March 31, 2023 and is headquartered in Boston, Massachusetts with global operations.

    Wayfair Media Relations Contact:

    Susan Frechette

    [email protected] 

    Wayfair Investor Relations Contact:

    James Lamb

    [email protected]

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of federal and state securities laws. All statements other than statements of historical fact contained in this press release including, but not limited to, statements regarding our future results of operations and financial position, including the achievement and timing of Adjusted EBITDA profitability, our investment plans and anticipated returns on those investments, our business strategy, plans and objectives of management for future operations, including positive gross revenue and order volume trends and improvements in market share, and the impact of macroeconomic factors and our response to such factors, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "continues," "could," "intends," "goals," "target," "projects," "contemplates," "returning," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions.

    Forward-looking statements are based on current expectations of future events. We cannot guarantee that any forward-looking statement will be accurate, although we believe that we have been reasonable in our expectations and assumptions. Investors should realize that if underlying assumptions prove inaccurate or that known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections. Investors are therefore cautioned not to place undue reliance on any forward-looking statements. These forward-looking statements speak only as of the date of this press release and, except as required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events or otherwise.

    A list and description of risks, uncertainties and other factors that could cause or contribute to differences in our results can be found in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and subsequent filings. We qualify all of our forward-looking statements by these cautionary statements.

    Wayfair Logo_2023 (PRNewsfoto/Wayfair Inc.)

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/wayfair-shares-business-update-301844364.html

    SOURCE Wayfair, LLC

    Get the next $W alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $W

    DatePrice TargetRatingAnalyst
    4/14/2025$25.00Buy → Hold
    Deutsche Bank
    4/10/2025$53.00 → $36.00Buy
    Truist
    4/4/2025$58.00 → $28.00Buy → Neutral
    Citigroup
    3/7/2025$45.00 → $47.00Hold → Buy
    Jefferies
    1/6/2025$45.00 → $44.00Outperform → Neutral
    Wedbush
    11/4/2024$60.00 → $50.00Buy
    Needham
    10/23/2024$60.00Buy
    Needham
    10/22/2024$70.00 → $65.00Buy
    UBS
    More analyst ratings

    $W
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Frost Diana sold $17,149 worth of Class A Common Stock (527 units at $32.54), decreasing direct ownership by 29% to 1,297 units (SEC Form 4)

      4 - Wayfair Inc. (0001616707) (Issuer)

      5/5/25 9:03:18 PM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Director Schaferkordt Anke sold $15,024 worth of shares (461 units at $32.59), decreasing direct ownership by 3% to 14,689 units (SEC Form 4)

      4 - Wayfair Inc. (0001616707) (Issuer)

      5/5/25 8:47:27 PM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary
    • CFO and Chief Admin Officer Gulliver Kate converted options into 39,560 shares and sold $611,071 worth of shares (19,296 units at $31.67), increasing direct ownership by 16% to 144,474 units (SEC Form 4)

      4 - Wayfair Inc. (0001616707) (Issuer)

      4/2/25 9:18:51 PM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary

    $W
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Wayfair Inc. (Amendment)

      SC 13G/A - Wayfair Inc. (0001616707) (Subject)

      4/5/24 12:21:57 PM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Wayfair Inc. (Amendment)

      SC 13G/A - Wayfair Inc. (0001616707) (Subject)

      2/14/24 4:15:37 PM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Wayfair Inc. (Amendment)

      SC 13G/A - Wayfair Inc. (0001616707) (Subject)

      2/14/24 4:03:46 PM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary

    $W
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Wayfair downgraded by Deutsche Bank with a new price target

      Deutsche Bank downgraded Wayfair from Buy to Hold and set a new price target of $25.00

      4/14/25 8:15:24 AM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Truist reiterated coverage on Wayfair with a new price target

      Truist reiterated coverage of Wayfair with a rating of Buy and set a new price target of $36.00 from $53.00 previously

      4/10/25 9:25:05 AM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Wayfair downgraded by Citigroup with a new price target

      Citigroup downgraded Wayfair from Buy to Neutral and set a new price target of $28.00 from $58.00 previously

      4/4/25 8:01:13 AM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary

    $W
    Leadership Updates

    Live Leadership Updates

    See more
    • Wayfair Appoints Diana Frost to Board of Directors

      Global Chief Growth Officer Diana Frost of Kraft Heinz brings significant expertise in portfolio transformation, global marketing excellence and public company leadership BOSTON, Feb. 14, 2025 /PRNewswire/ -- Wayfair Inc. (NYSE:W), the destination for all things home, today announced the appointment of Diana Frost to its board of directors, effective immediately. Frost, a seasoned executive with extensive experience in consumer brands, currently serves as Global Chief Growth Officer at Kraft Heinz. "We are delighted to welcome Diana to our board of directors," said Niraj Shah,

      2/14/25 7:00:00 AM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Beasley Broadcast Group, Inc. Appoints Lauren Burrows Coleman as Chief Financial Officer

      NAPLES, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (NASDAQ:BBGI), a multi-platform media company, today announced the appointment of Lauren Burrows Coleman as Chief Financial Officer, effective Friday, November 1, 2024. Longtime CFO Marie Tedesco will retire from Beasley after 33 years of dedicated service to the company. Before joining Beasley, Ms. Burrows Coleman served as Global Head of Strategic Corporate and Commercial Finance at Wayfair (NYSE:W), where she led a global team of 50 across Financial Planning & Analysis, Commercial Finance, Capital Markets, Corporate Development, and Global Tax functions. Ms. Burrows Coleman's impressive career also includes

      10/24/24 7:00:00 AM ET
      $BBGI
      $W
      Broadcasting
      Consumer Discretionary
      Catalog/Specialty Distribution
    • TodayTix Group Announces Appointment of Liza Lefkowski to Board of Directors

      Wayfair executive and veteran leader brings decades of experience to strengthen TodayTix Group and further its mission of finding a seat for everyone TodayTix Group, the global e-commerce leader for cultural experiences, today announced that Liza Lefkowski has been appointed to the Company's board of directors. Known for remarkable contributions to the retail industry, Lefkowski's inspiring leadership and experience in e-commerce and technology is expected to further bolster TodayTix Group's position in the live entertainment industry and beyond, reinforcing its dedication to innovation and outstanding service. Lefkowski joins existing board members including Michael Lynton, former Sony E

      10/31/23 9:00:00 AM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary

    $W
    Financials

    Live finance-specific insights

    See more
    • Wayfair Announces First Quarter 2025 Results, Reports Further Share Capture with Robust Profitability

      Q1 Net Revenue of $2.7 billion with 21.1 million Active Customers BOSTON, May 1, 2025 /PRNewswire/ -- Wayfair Inc. ("Wayfair," "we," or "our") (NYSE:W), the destination for all things home, today reported financial results for its first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Total net revenue of $2.7 billion, increased $1 million, or was close to flat, year over yearU.S. net revenue of $2.4 billion, increased $38 million, up 1.6% year over yearInternational net revenue of $301 million, decreased $37 million, down 10.9% year over year. Internation

      5/1/25 7:00:00 AM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Wayfair Schedules First Quarter 2025 Earnings Release and Conference Call

      BOSTON, April 2, 2025 /PRNewswire/ -- Wayfair Inc. (NYSE:W), the destination for all things home, today announced it will release financial results for its first quarter ending March 31, 2025 before the opening of the market on May 1, 2025. Wayfair will host a conference call at 8 a.m. ET on Thursday, May 1 to review results. Investors and participants can register for the webcast in advance here. The call will also be available via dial-in here. The archived webcast will be available shortly after the call at https://investor.wayfair.com. About Wayfair Wayfair is the destinat

      4/2/25 7:00:00 AM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Wayfair Announces Fourth Quarter and Full Year 2024 Results, Reports Positive Year-Over-Year Growth with Strong Profitability

      Q4 Net Revenue of $3.1 billion with 21.4 million Active Customers BOSTON, Feb. 20, 2025 /PRNewswire/ -- Wayfair Inc. ("Wayfair," "we," or "our") (NYSE:W), the destination for all things home, today reported financial results for its fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Total net revenue of $3.1 billion, increased $7 million, up 0.2% year over yearU.S. net revenue of $2.7 billion, increased $30 million, up 1.1% year over yearInternational net revenue of $381 million decreased 23 million, down 5.7% year over year. Interna

      2/20/25 7:00:00 AM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary

    $W
    SEC Filings

    See more
    • SEC Form 10-Q filed by Wayfair Inc.

      10-Q - Wayfair Inc. (0001616707) (Filer)

      5/1/25 4:09:56 PM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Wayfair Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Wayfair Inc. (0001616707) (Filer)

      5/1/25 7:06:32 AM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary
    • SEC Form DEFA14A filed by Wayfair Inc.

      DEFA14A - Wayfair Inc. (0001616707) (Filer)

      4/3/25 4:13:42 PM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary

    $W
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Wayfair Announces First Quarter 2025 Results, Reports Further Share Capture with Robust Profitability

      Q1 Net Revenue of $2.7 billion with 21.1 million Active Customers BOSTON, May 1, 2025 /PRNewswire/ -- Wayfair Inc. ("Wayfair," "we," or "our") (NYSE:W), the destination for all things home, today reported financial results for its first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Total net revenue of $2.7 billion, increased $1 million, or was close to flat, year over yearU.S. net revenue of $2.4 billion, increased $38 million, up 1.6% year over yearInternational net revenue of $301 million, decreased $37 million, down 10.9% year over year. Internation

      5/1/25 7:00:00 AM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Way Day Returns April 26-28: Savings to Refresh Every Space

      Wayfair's biggest event of the year delivers unbeatable deals up to 80% off and new deals dropping every 24 hours to help shoppers make the most of every home update BOSTON, April 17, 2025 /PRNewswire/ -- Wayfair Inc. (NYSE:W), the destination for all things home, today announced that its annual Way Day will kick off on Saturday, April 26 at 12 a.m. ET. The global three-day sale is Wayfair's biggest event of the year. Way Day runs online and in-stores for Wayfair, AllModern, Birch Lane, and Joss & Main, with additional Pro-exclusive deals available for Wayfair Professional members.

      4/17/25 7:00:00 AM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Wayfair Schedules First Quarter 2025 Earnings Release and Conference Call

      BOSTON, April 2, 2025 /PRNewswire/ -- Wayfair Inc. (NYSE:W), the destination for all things home, today announced it will release financial results for its first quarter ending March 31, 2025 before the opening of the market on May 1, 2025. Wayfair will host a conference call at 8 a.m. ET on Thursday, May 1 to review results. Investors and participants can register for the webcast in advance here. The call will also be available via dial-in here. The archived webcast will be available shortly after the call at https://investor.wayfair.com. About Wayfair Wayfair is the destinat

      4/2/25 7:00:00 AM ET
      $W
      Catalog/Specialty Distribution
      Consumer Discretionary