Daily News
From Home Furnishing Business
Wayfair 1Q Loss Narrows
May 11,
2015 by in Financial Reports, Furniture Retailing, Industry 
Wayfair (NYSE: W) reported net revenue of$424.4 million for the first quarter ended March 31 compared to net revenue of $278.7 million for the first quarter last year.
The online retailer posted a net loss of $27.1 million for the quarter compared to net loss of $28 million in the first quarter of last year.
“We are off to a strong start this year and are particularly pleased with the revenue strength and accelerated growth in our Direct Retail business,” said Niraj Shah, co-founder, CEO and co-chairman of Wayfair. “We believe the growth rate this quarter underscores the size of the market opportunity, the rapidly changing, and favorable dynamics of how customers purchase home goods and Wayfair’s unique position in this large and rapidly growing market segment.”
The complete earnings release is available online.