Wayfair sales up 51 percent on Black Friday weekend
Wayfair, the Boston-based online shopping company, said its 2014 sales for the five-day stretch starting on Thanksgiving rose by more than 50 percent compared to the year before.
The web retailer said Monday that its overall sales for the long holiday shopping weekend rose 51 percent compared to the year before. More than 80,000 orders were placed on the Monday after Thanksgiving, the busiest day of that period.
“The long holiday weekend spanning Thanksgiving through Cyber Monday is typically our peak sales period for the quarter and we were very pleased to see the continued momentum and growth this year,” said Niraj Shah, Wayfair’s chief executive.
Wayfair, which also sells home furnishings, design, and decor through websites like Staples and Amazon.com, said sales made through its five websites rose more sharply than the overall sales figure, growing 76 percent compared to the year before.
The company, which became publicly traded in October 2014, will report its earnings for the entire fourth quarter of 2014 on March 4, 2015.