In its launch of Decorify, Wayfair is giving consumers an AI-enhanced means to virtually remodel their home spaces before purchasing the real-world products needed to do so. In this pilot application, as Wayfair termed it, Decorify uses a generative AI model that...
Although some hope existed that BuyBuyBaby might sell as a complete entity, the retailer did not receive a sufficient offer at auction as an ongoing concern, turning the event into a sale of the company’s intellectual property. As such, the brick-and-mortar chain...
The first Wayfair-branded physical store is under construction with planned completion by next spring. While the store will be the first under the Wayfair banner, the company previously opened physical stores under its specialty nameplates, such as AllModern The...
Wayfair has announced that Steve Oblak, chief commercial officer, will retire in the first quarter of 2024 after 14 years of leadership. The company also provided a business update. Jon Blotner Jon Blotner will become Wayfair’s new chief commercial officer, the...
The previously announced return-to-profits initiative by Wayfair took a step forward as the company reduced adjusted losses and bested Wall Street expectations for the first quarter. Net loss in the quarter was $355 million, or $3.22 per diluted share, versus $319...
