Wayfair Donates Over $12 Million in 2020 to Social Impact Initiatives Globally

Rhea-AI Summary

Wayfair (NYSE:W) has donated over $12 million to social impact initiatives in 2020, focusing on pandemic relief and community support. The company renewed partnerships with Habitat for Humanity and Homes for Our Troops, while also launching the Save Big, Give Back campaign, contributing $3 million to Feeding America and the UN Covid-19 Response Fund. Wayfair's Dinner to Go program invested $3 million in local businesses, providing meals to employees. The company generated $13.0 billion in net revenue for the twelve months ending September 30, 2020, employing over 16,700 people.

Positive

• Donated over $12 million to social impact initiatives in 2020.
• Renewed commitment to partners like Habitat for Humanity.
• Launched Save Big, Give Back campaign, contributing $3 million to Feeding America and the UN Covid-19 Response Fund.
• Invested $3 million in local businesses through Dinner to Go program.

Negative

• None.

Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for the home, today announced that it donated more than $12 million to social impact initiatives across its global footprint in 2020. The company also renewed its commitment to long-standing partners Habitat for Humanity International and Homes for Our Troops. Through the generosity of its customers, donations at check-out to these organizations more than doubled this year.

“At Wayfair, we have always believed in supporting our communities and, as the leader in home, we are continuously looking for ways to leverage our operational capabilities and expertise to make an impact," noted Niraj Shah, CEO, co-founder and co-chairman, Wayfair. “From quickly mobilizing to deliver supplies to field hospitals to support pandemic relief to providing resources for students to help make the transition to home learning as seamless as possible, I am continuously impressed by the agility and ingenuity of our team as they stepped up to support our communities during a critical time.”

In 2020, Wayfair supported local and international communities in a variety of ways. Early on in the pandemic, the team delivered much needed supplies to hospitals and quarantine sites and helped set up field hospitals and emergency housing in locations across the U.S. and the UK. Wayfair also launched its Save Big, Give Back campaign, resulting in a combined $3 million contribution to Feeding America and the UN Covid-19 Response Fund.

Wayfair also continued its commitment to supporting the organizations that matter most to its employees. Through its employee matching program, the company donated more than $250,000 to help those impacted by Covid-19 during the first wave of the pandemic. In June 2020, Wayfair and its employees contributed approximately $1 million in combined donations to employee-selected organizations that focus on ending racism, hatred and violence. For Wayfair’s holiday giving campaign, employees had a voice in allocating a $250,000 donation to organizations in areas across its operations. In addition, U.S. employees had the option to wish forward their annual employee gift to Make A Wish America. Thanks to the generosity of its employees, Wayfair donated more than $150,000 to the organization this month.

In 2020, Wayfair also deepened its commitment to supporting the communities where its employees live and work. Through its Dinner to Go program, the company invested $3 million in small businesses this year, providing hundreds of thousands of meals for its employees and their families from local restaurants that were struggling due to the pandemic. Wayfair provided every frontline employee with two free, family-sized meals per week from local, family-owned restaurants throughout the most difficult months of the pandemic. The initiative supported both frontline teams as well as struggling small businesses in areas across Wayfair’s logistics network. Participating restaurant owners benefited from the influx of orders from Wayfair, helping to keep their doors open and staff employed while they were unable to provide in-house dining and would otherwise experience a drastic decline in business.

“At Wayfair, we know that our people are our greatest strength and we believe that building a world-class team requires an investment in employees and their communities,” continued Shah. “We will continue to look for innovative ways to support our team and our communities in 2021.”

About Wayfair

Wayfair believes everyone should live in a home they love. Through technology and innovation, Wayfair makes it possible for shoppers to quickly and easily find exactly what they want from a selection of more than 18 million items across home furnishings, décor, home improvement, housewares and more. Committed to delighting its customers every step of the way, Wayfair is reinventing the way people shop for their homes - from product discovery to final delivery.

The Wayfair family of sites includes:

• Wayfair - All things home, all in one place.
• Joss & Main - Stylish designs to discover daily.
• AllModern - The best of modern, priced for real life.
• Birch Lane - Classic home. Comfortable cost.
• Perigold - The widest-ever selection of luxury home furnishings.

Wayfair generated $13.0 billion in net revenue for the twelve months ended September 30, 2020. Headquartered in Boston, Massachusetts with operations throughout North America and Europe, the company employs more than 16,700 people.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201223005057/en/

FAQ

What social initiatives did Wayfair support in 2020?

In 2020, Wayfair donated over $12 million to various social impact initiatives, including partnerships with Habitat for Humanity and contributions to Feeding America.

How much revenue did Wayfair generate in 2020?

Wayfair generated $13.0 billion in net revenue for the twelve months ended September 30, 2020.

What was the impact of Wayfair's Dinner to Go program?

Wayfair's Dinner to Go program invested $3 million in local businesses, providing meals for employees and supporting struggling restaurants during the pandemic.

How did Wayfair assist during the COVID-19 pandemic?

Wayfair supported pandemic relief by delivering supplies to hospitals, contributing to emergency housing, and launching campaigns that generated millions in donations.

What are Wayfair's future commitments towards community support?

Wayfair plans to continue supporting its employees and communities with innovative initiatives in 2021.