Wayfair Inc. is investing in international expansion, e-commerce logistics and seasonal promotions, the web-only home furnishings giant said Tuesday in its third quarter earnings call.
Wayfair’s direct retail revenue, which primarily comes from orders placed online at Wayfair.com, Joss & Main, AllModern, Birch Lane and Dwell Studio e-commerce sites, increased 52.7% to $832.4 million in Q3 ended Sept. 30 from $545.0 million in Q3 2015.
Following its 2015 holiday strategy, Wayfair is featuring twice as many holiday-related products this year compared with last year, CEO and co-founder Niraj Shah told investors on the call, according to a Seeking Alpha Transcript.
