, Columnist
Wayfair Can’t Relax on the Easy Chair of Sales Growth
The online home-goods retailer’s operating expenses continue to climb, and it’s still spending a lot on marketing.
Investors love the top line, but it's a little ragged after that.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
No one should be surprised that Wayfair Inc.’s earnings report on Friday showed that it had a gangbusters holiday season, with retail sales growing 41 percent from a year earlier.
After all, the digital home-goods seller had already said its sales were up 58 percent from a year earlier during the five-day stretch that includes Black Friday and Cyber Monday, suggesting it had started the season with a bang.