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Wayfair sales soar, but profits remain elusive

February 24, 2017

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Wayfair on Thursday said that fourth quarter direct retail net revenue through its five e-commerce sites rose 40% year over year to $959 million, with Q4 total net revenue increasing 33.1% year over year to $984.6 million.

The e-commerce home furnishings retailer’s Q4 active customers rose to 8.25 million as of Dec. 31, up 53.9% from 5.36 million in the year-ago period, and the number of orders delivered rose 52.8% to 4.7 million from 3.1 million a year ago.

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