But Wayfair’s stock has gained amid the company’s second quarter in a row of profitability after excluding some expenses. That was slightly less than analysts expected. Wayfair’s third quarter reflected the company’s first year-over-year sales increase in two years, as revenue increased 4 percent to $2.9 billion. So you can see that we’re leaning in on that.” “Our merchandising calendar, everything we’ve worked out with suppliers, our merchandising plans reflect what we expect to be a very promotional season,” Shah said. com.īut with the slowing economy and higher interest rates, retailers are pulling out all the stops to attract buyers, Wayfair chief executive Niraj Shah said last week during an earnings call with analysts. There’s no new competition - in fact, there’s less with Bed Bath & Beyond’s bankruptcy and sale to Overstock. Asked if Swift’s presence at games might be affecting Kelce’s performance, Robins quipped: “He’d shake it off.”Įlsewhere in Boston consumer-tech companies, Wayfair executives said they expect fierce discounting for the holiday season. Bets on Kansas City Chiefs player Travis Kelce doubled since the star tight end started dating Taylor Swift, Robins said at the Global Gaming Conference last month. Robins also gave credit to a pop culture phenomenon for helping boost its results, at least a little bit.
