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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Wayfair Inc | NYSE:W | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.73 | -1.43% | 50.44 | 52.92 | 50.105 | 52.10 | 4,898,365 | 21:04:29 |
From Apr 2019 to Apr 2024
Wayfair (NYSE:W), one of the world’s largest online destinations for the home, today issued the following statement in response to the U.S. Supreme Court decision in South Dakota v. Wayfair, Inc. on June 21, 2018:
We welcome the additional clarity provided by the Court’s decision today. Wayfair already collects and remits sales tax on approximately 80% of our orders in the United States, a number that continues to grow as we expand our logistics footprint. As a result, we do not expect today’s decision to have any noticeable impact on our business, as it may on other retailers who do not currently collect and remit sales tax.
Wayfair has long supported a legislative solution that would establish a level playing field for brick-and-mortar and online retailers by permitting states to collect sales tax on online sales. While we believe the Court was not the ideal venue for creating this level playing field, we expect that today’s decision will bring clarity and certainty to this issue.
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 10 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 generated $5.2 billion in net revenue for the twelve months ended March 31, 2018. Headquartered in Boston, Massachusetts with operations throughout North America and Europe, the company employs more than 8,700 people.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180621005908/en/
WayfairMedia Relations Contact:Susan Frechette, 617-502-7066PR@wayfair.comorInvestor Relations Contact:Joe WilsonIR@wayfair.com
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