Wayfair Q3 continues to shine as active customers hit 28.8 million
Repeat customers placed 71.9% of total orders in the third quarter.
Repeat customers placed 71.9% of total orders in the third quarter.
The company, which has been among the winners during the COVID-19 pandemic, reported third quarter revenue of $767.4 million, up 96% from a year ago,
Like 2020 in general, holiday shopping is going to be a series of first-time events. Surveys from Accenture and Salesforce indicate holiday shopping will start in October amid smaller budgets and concerns about supply chain disruptions.
Wayfair hit 26 million active customers working on home and home office projects as education and work went remote.
Best Buy has been shifting its approach throughout the first quarter due to COVID-19 as it considers more tweaks following curbside pickup and appointment-only at stores.
Jet.com was critical to Walmart's e-commerce strategy and omnichannel efforts, but is no longer necessary.
The COVID-19 pandemic and stay-at-home orders drove demand for the online furniture retailer.
Since going to a curbside pickup retail model March 22, Best Buy has seen its sales fall. Demand for technologies to work and learn from home has been strong.
Stay at home orders have accelerated Wayfair's sales of home furniture and goods.
Groceries took up a bigger chunk of the digital shopping basket as did fitness equipment following shutdowns due to novel coronavirus.