Daily News
From Home Furnishing Business
Record Year at Wayfair in 2013
February 3,
2014 by in Financial Reports, Furniture Retailing, Industry, Internet 
The e-commerce leader hit $915 million in revenue to close the year with an annual revenue growth rate of 55 percent and order intake exceeding $1 billion. The company's portfolio of home brands experienced steady growth throughout 2013 capped off by strong holiday sales in the fourth quarter.
"We were expecting impressive sales growth in 2013 and are pleased to see our model is working to drive increased brand awareness, customer acquisition and retention," said Niraj Shah, CEO and co-founder of Wayfair, Boston, Mass. "We are focused on delivering an exceptional shopping experience specifically geared to home goods and will continue to address the unique requirements of this market category with innovation across all aspects of our business."
Over the past year, Wayfair launched several new shopping tools to help shoppers discover just the right items for their homes from a selection of more than seven million products. The company also continued to build its offering of inspirational content and ideas through media partnerships with This Old House, Coastal Living and Sunset.
"When I arrived at Wayfair three months ago, I knew I was joining an amazing team leading an incredible growth engine," added Michael Fleisher, CFO of Wayfair. "Our full year results and 55 percent growth rate prove that point and the sheer scale of our business sets it apart as a true leader in the emerging class of e-commerce winners."
Wayfair anticipates continued growth this year, and opportunity across the business and its portfolio of home brands including Wayfair.com, Joss & Main, AllModern and DwellStudio. Key initiatives in 2014 include the development of new lifestyle brands and the launch of proprietary product lines.
Wayfair offers more than million home items from 12,000 brands; and employs more than 1,500 people at eight global locations in Boston, New York, Ogden, Utah; Hebron, Ky.; Galway, Ireland; London, Berlin and Sydney.