Wayfair Inc - W STOCK NEWS

Wayfair Inc. (NYSE:W) has announced its second Way Day of the year, a three-day sales event starting October 5 at midnight ET. This event offers discounts of up to 80 percent on over one million items, including furniture, home decor, and home improvement products. The sale features free shipping sitewide and runs across Wayfair's Specialty Retail Brands: AllModern, Birch Lane, and Joss & Main.

Key features of the event include:

• New flash deals dropping every 24 hours
• Deals on popular brands like Sealy, Shark, and iRobot
• App-exclusive savings with 24 Hour Early Access Sale on October 4
• In-store offers and activities at Wayfair's Chicago area store and other brand locations
• Pro-exclusive deals for Wayfair Professional members

The event aims to help customers prepare for the holiday season with significant savings on home essentials and decor.

Wayfair Inc. (NYSE: W) has announced the pricing of a $800 million private offering of senior secured notes due 2029, issued by its subsidiary Wayfair The offering size was increased from the previously announced $700 million. The notes, maturing on October 31, 2029, will bear an interest rate of 7.250%. The offering is expected to close on October 8, 2024, subject to customary conditions.

The company plans to use the net proceeds, along with cash on hand, to repay certain existing convertible senior notes and for general corporate purposes. The notes will be guaranteed by Wayfair and certain domestic subsidiaries, secured by first-priority liens on assets that also secure Wayfair's senior secured revolving credit facility.

The notes are being offered only to qualified institutional buyers and non-U.S. persons, in accordance with Rule 144A and Regulation S under the Securities Act, respectively. They have not been registered under the Securities Act or any other jurisdiction's securities laws.

Wayfair Inc. (NYSE: W) has announced that its subsidiary, Wayfair , plans to offer $700 million in senior secured notes due 2029. The offering is subject to market conditions and will be made in a private placement. The net proceeds, along with cash on hand, will be used to repay certain existing convertible senior notes and for general corporate purposes.

The notes will be guaranteed by Wayfair and certain domestic subsidiaries on a senior secured basis. They will be secured by first-priority liens on assets that also secure Wayfair's senior secured revolving credit facility. The notes will be offered only to qualified institutional buyers and non-U.S. persons, in accordance with Rule 144A and Regulation S of the Securities Act, respectively.

Perigold, a luxury home retailer, has announced plans to open brick-and-mortar stores, with the first confirmed location in CityPlace, West Palm Beach. Set to launch in Fall 2025, the 30,000 square foot store will span two floors and feature products from over 150 esteemed design brands. This expansion aims to provide customers with a hands-on experience of Perigold's extensive online offerings.

The stores will showcase curated environments by renowned designers and host events to build local communities. This move marks a significant step in Perigold's growth strategy, combining online convenience with in-store exploration for both individual and B2B consumers. The company, part of the Wayfair Inc. (NYSE:W) portfolio, plans to launch more retail stores in key markets throughout 2025.

Wayfair (NYSE: W) has announced a collaboration with Olympic gold medalist Shawn Johnson East for its 'House to Home' video series. The series showcases Johnson East's Nashville home, highlighting how she transformed her living space with Wayfair products. As a mom of three, she demonstrates balancing style and function in her design choices.

The collaboration includes a Wayfair x Shawn Johnson East product line, featuring items like the Joss & Main Shae Fixed Top Dining Table and Wade Logan Carrrena Boucle Upholstered Swivel Armchair. The series, captured by photographer Todd Selby, is available across Wayfair's digital and social properties, as well as in their seasonal print catalog.

Wayfair, headquartered in Boston, generated $12.0 billion in net revenue for 2023 and operates multiple home decor brands including AllModern, Birch Lane, and Joss & Main.

Wayfair Inc. (NYSE: W) reported its Q2 2024 financial results, showcasing $3.1 billion in net revenue, a slight decrease of 1.7% year-over-year. Despite challenging macro conditions, the company achieved its best quarter of profitability and cash flow in three years. Key highlights include:

- Gross profit of $941 million (30.2% of total net revenue)
- Net loss of $42 million
- Non-GAAP Adjusted EBITDA of $163 million
- 22.0 million active customers, up 0.9% year-over-year
- Average order value increased to $313

CEO Niraj Shah emphasized the company's focus on profitability and operational discipline amidst cautious consumer spending in the home furnishings category.

Wayfair Inc. (NYSE:W) announces its Black Friday in July Sale, offering up to 80% off on home goods from July 26-29. The sale includes flash deals, doorbusters, and discounts across Wayfair's family of brands. Customers can expect savings on hosting essentials, home improvement items, appliances, and more, with free shipping sitewide.

The sale will be available online, via the Wayfair app, and in-store at select locations. Wayfair Professional members will have access to exclusive deals. Notable discounts include a Blackstone Griddle for $199.99, a GE 7 Speed Mixer for $99.99, and a Bissell ProHeat Carpet Cleaner for $109.99. This event aims to provide customers with significant value and selection for summer enjoyment and back-to-school preparation.

Wayfair (NYSE: W) has announced that it will release its financial results for the second quarter of 2024 on August 1, 2024, before the market opens. The earnings call will take place on the same day at 8 a.m. ET. Investors can register for the call in advance or access it via a live webcast. An archived version of the webcast will be available shortly after the call. For more information, visit the investor section of Wayfair's website.

Wayfair (NYSE:W) released its third-annual Corporate Responsibility Report, highlighting progress in sustainability, social impact, and diversity for 2023. Key initiatives include a commitment to achieving zero waste by 2030, targeting over 90% waste diversion from landfills and incineration. Additionally, Wayfair aims to reduce Scope 1 and 2 emissions by 63% by 2035. The report follows GRI and SASB frameworks, emphasizing data-driven decisions. Key achievements include establishing a $1 million Wayfair Neighborhood Fund, doubling business with Black-owned suppliers, and increasing third-party certified products to over 33,000 items.