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Wayfair’s online sales grow 49% while losses increase more than 150%

Wayfair Inc.’s e-commerce sales surged 49.1% in the second quarter ended June 30, reaching $1.64 billion, up from $1.10 billion in the year-ago period, the web-only furniture retailer reported on Thursday. Wayfair’s inaugural one-day sales holiday, Way Day, which took place on April 25 contributed to the retailer’s sales gain. Wayfair says the event was its […]

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