STOCK TITAN

Wayfair Announces the Launch of Digital Design Studio, the First In-Store Virtual Furniture Arrangement Experience

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Located in Wayfair's AllModern store in Dedham, MA, this new technology bridges the gap between online and in-store shopping

BOSTON, May 2, 2023 /PRNewswire/ -- Wayfair Inc. (NYSE:W), one of the world's largest destinations for home, today announced the launch of the Digital Design Studio, a patent-pending technology that brings the best of online and in-store shopping together. The Digital Design Studio is a kiosk that allows customers to create and interact with a variety of design layouts and experience products in a digital, 3D room at photorealistic quality. Located in the Dedham, MA AllModern store, this pilot technology truly embodies the omnichannel experience, allowing customers shopping in the store to experience the larger digital catalog in life-like quality.

"Experimentation and innovation with an eye on improving the customer experience is at the heart of everything we do."

View a video of the Digital Design Studio here.

"Experimentation and innovation with an eye on improving the customer experience is at the heart of everything we do at Wayfair," said Fiona Tan, Wayfair CTO. "Wayfair strongly believes in meeting our customers where they want to shop, whether online or in-person. The Digital Design Studio helps us execute on this omnichannel experience, by making it easier for customers to find what they are looking for and ultimately have greater confidence and satisfaction in their purchase."

When customers shop for their homes, they either go online and view millions of products, or shop in-stores to view a curated selection. The Digital Design Studio merges these experiences to help customers make the best possible decisions for their home by allowing them to create interactive, three dimensional spaces, giving them an accurate depiction of what the furnishings look like in various configurations and lighting conditions. Customers shopping in-store can move and place furniture cards to create true to scale, virtual furniture arrangements. They can also move the camera to zoom in on the product, view the piece in a different fabric or finish, or view the furniture from different perspectives.

For more information on the creation of the Digital Design Studio, read the blog post, "Introducing Wayfair's Digital Design Studio."

Digital Design Studio is an output from Wayfair's R&D team, Wayfair Next, tasked with examining and evaluating emerging technologies on a two-to-three year horizon. Wayfair Next looks to the future of shopping and how consumers will use technology to engage with and purchase goods in new ways. Regarding the Digital Design Studio, Shrenik Sadalgi, director of research and development at Wayfair, said, "As a technology focused retailer, we are excited for shoppers to experience the pilot of our Digital Design Studio, learn from their feedback, and evolve the offering to continue to create the best possible shopping experience for the home."

About AllModern

AllModern was founded in 2006 as an online store, dedicated to modern furniture and decor. Since its inception, AllModern has delighted millions of customers with the best of modern design. AllModern stores are located in Lynnfield and Dedham, Massachusetts.

About Wayfair

Wayfair is the destination for all things home: helping everyone, anywhere create their feeling of home. From expert customer service to the development of tools that make the shopping process easier, to carrying one of the widest and deepest selections of items for every space, style, and budget, Wayfair gives everyone the power to create spaces that are just right for them.

The Wayfair family of brands includes:

  • Wayfair: Everything home – for a space that's all you.
  • Joss & Main: The ultimate style edit for home.
  • AllModern: All of modern, made simple.
  • Birch Lane: A fresh take on the classics.
  • Perigold: An undiscovered world of luxury design.
  • Wayfair Professional: Just right for Pros.

Wayfair generated $12.2 billion in net revenue for full year 2022 and is headquartered in Boston, Massachusetts with operations throughout North America and Europe.

Media Relations Contact:
Kelby Troutman
PR@Wayfair.com

Investor Relations Contact:
James Lamb
IR@Wayfair.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/wayfair-announces-the-launch-of-digital-design-studio-the-first-in-store-virtual-furniture-arrangement-experience-301812409.html

SOURCE Wayfair, LLC

Wayfair Inc.

NYSE:W

W Rankings

W Latest News

W Stock Data

5.65B
90.37M
5.52%
116%
12.8%
Internet Retail
Retail-catalog & Mail-order Houses
Link
United States of America
BOSTON