Wayfair

Wayfair logistics leader: Communication with carriers key amid supply chain uncertainty

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This fireside chat recap is from FreightWaves’ Domestic Supply Chain Summit on Wednesday. 

FIRESIDE...

https://www.freightwaves.com/news/wayfair-logistics-leader-communication-with-carriers-key-amid-supply-chain-uncertainty

FOSC chat: Wayfair’s supply chain worldview

This fireside chat recap is from Day 1 of FreightWaves’ Future of Supply Chain live event in Rogers, Arkansas. For more information and content from the event, click here

FIRESIDE CHAT TOPIC: Ocean import strategies and inland distribution

DETAILS: Supply chain developments through the eyes of online furniture retailer Wayfair.

SPEAKER: Jack Echeverria, senior manager global logistics, Wayfair

BIO: Before joining Wayfair two years ago, Echeverria was director of operations for the Florida East...

https://www.freightwaves.com/news/fosc-chat-wayfairs-supply-chain-worldview

Against the odds: Wayfair art thou, Romeo?

Online retailer Wayfair (W) from Boston’s Back Bay, ’the Amazon of all things furniture’ went public in 2014 attracting a valuation of $3bn. Attacking the $840bn home goods market, destined to grow to some $1.2trn by 2030, according to the company’s projections…
… co-founders Niraj Shah (CEO) and Steve Conine (both pictured below) have focused on gaining market share ever since 2002, when it was founded.
Now worth $15.6bn with its stock bouncing …

The post Against the odds: Wayfair art thou,...

https://theloadstar.com/against-the-odds-wayfair-art-thou-romeo/

E-commerce boom raises the bar on supply chain speed for shipper Sauder

At Sauder Woodworking in Ohio, EDI accounts for the lion’s share of its electronic interaction with customers and suppliers, but the producer of ready-to-assemble furniture products is shifting more and more traffic to the cloud.
In the main, the company sold its products through bricks-and-mortar stores like Walmart, Target, Ikea and Office Depot, but during the pandemic, online sales exploded.
Demand was driven by massive demand for office furniture as people had …

The post E-commerce boom...

https://theloadstar.com/e-commerce-boom-raises-the-bar-on-supply-chain-speed-for-shipper-sauder/

As e-commerce ramped up, Sauder Woodworking sought technology solution

Customers of Sauder Woodworking are accustomed to finding their ready-to-assemble furniture products in traditional brick-and-mortar stores such as Walmart, Target, Ikea and Office Depot.

But as e-commerce has grown in recent years, the Archbold, Ohio-based company has found it is shipping more items direct to consumers, taking advantage of the omnichannel capabilities of its retail partners as well as e-commerce sites such as Amazon and Wayfair.

“We rely on supply chain agility, end-to-end...

https://www.freightwaves.com/news/as-e-commerce-ramped-up-sauder-woodworking-sought-technology-solution

Slowing bitcoin revenue drags down Square earnings

As third-quarter earnings results have poured in for major online retailers, investors have been left in a state of confusion. Amazon, Wayfair and Shopify all posted results that were below investors’ expectations.

Amazon.com (NASDAQ:AMZN), Wayfair (NYSE: W) and Shopify (NYSE: SHOP) represent only one side of the equation, though. Fintech firms underpin the omnichannel payment sector, and Square is the first major company to report its quarterly results.

Like the e-tailers, Square (NYSE: SQ)...

https://www.freightwaves.com/news/square-releases-q3-earnings

Shares of Wayfair fall on back of mixed Q3 earnings

Wayfair reports Q3 2021 earnings, misses on revenue, beats on EPS

Home furniture marketplace Wayfair posted a mixed Q3 2021 earnings report on Thursday, beating consensus analyst estimates on adjusted earnings per share while missing on revenue.

The e-commerce firm reported revenue of $3.1 billion, down 18.7% year-over-year from Q3 2020’s $3.8 billion. The company also lost $718.5 million quarter-over-quarter, the second quarter in a row in which revenue has declined.

Wayfair’s (NYSE: W) stock price was down about seven basis points in the morning following...

https://www.freightwaves.com/news/shares-of-wayfair-fall-on-back-of-mixed-q3-earnings

Wayfair’s international supply chain — Point of Sale

ArcBest is more than logistics. Whatever you do,    whatever you ship, ArcBest makes it easier for you to do business. ArcBest combines reliable capacity, innovative technology and trusted relationships to take the complexity out of your supply chain and keep your shipments moving. That’s what makes ArcBest more than logistics.

Moving bulk furniture is no easy task, but one company has figured out how to make it work. Andrew Cox is joined by John Esborn, head of global expansion strategy for...

https://www.freightwaves.com/news/wayfairs-international-supply-chain-point-of-sale

Wayfair revenue jumps nearly 50% in Q1

While quarter-over-quarter revenue dropped, Wayfair (NYSE: W) nonetheless exceeded analysts’ expectations when it announced Q1 2021 earnings Thursday morning.

The e-commerce firm reported revenue of $3.5 billion, up 49.2% year-over-year from Q1 2020’s $2.4 billion. Quarter-over-quarter, though, Wayfair reported a slight decline in revenues, falling from $3.67 billion.

Wayfair’s stock price was down slightly at market open.

In the U.S., net revenue increased $800 million to $2.8 billion....

https://s29755.pcdn.co/news/wayfair-revenue-jumps-nearly-50-in-q1

Florida to require e-commerce sellers to collect sales tax

E-commerce companies selling products to Florida residents in the state will have to collect a 6% sales tax starting July 1. Gov. Ron DeSantis signed the bill into law earlier this week.

The new tax is expected to raise $1 billion in new revenue. Republicans plan to use the revenue generated to support the state’s Unemployment Compensation Trust Fund, preventing a tax hike on businesses that would have been needed to maintain the solvency of the fund.

The Florida Chamber of Commerce said without...

https://s29755.pcdn.co/news/florida-to-require-e-commerce-sellers-to-collect-sales-tax

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