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Wayfair Suffers Steep Slump in Active Customers

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The first quarter was a rude awakening for Wayfair as online-focused sellers see sales level out from their initial Covid-19 pandemic-driven peak. To start 2022, the home furnishings retailer saw net revenue decline 13.9 percent year over year to $2.99 billion on a net loss of $319 million. At least in the first half, the…

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