Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

WAYFAIR INC.

(W)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Wayfair : Partners With Shelter, the Housing and Homelessness Charity Working to Defend the Right to a Safe Home

07/12/2021 | 03:01am EDT

Leader in home to donate a minimum of £100,000 by end of year as part of long-term partnership

Wayfair Inc. (NYSE:W), one of the world’s largest destinations for the home, today announced a partnership with Shelter, the leading charity working to tackle homelessness and housing issues in the UK.

Having contributed more than $12 million to supporting causes globally over the last year, Wayfair’s partnership commitment to Shelter marks an important milestone in the home destination’s long-term cause commitment in the UK.

As part of its long-term partnership, Wayfair will host its annual Save Big, Give Back sale from August 2-9. Save Big, Give Back will offer customers significant savings on all things home. Wayfair is committed to donating 10% of profits* from the sale with a minimum donation value of £100,000. The funds raised from the sale will go directly to support Shelter’s vital work, protecting people’s right to a safe home through advice, support and campaigning.

Wayfair will also launch a variety of other initiatives spanning cash and in-kind donations, as well as fundraising, bringing together its customers, supplier partners and employees to help raise critical funds for Shelter’s cause.

“At Wayfair, we believe that everyone deserves the safety, security and comfort of having a place to call home, and we are committed to making that goal a reality in partnership with Shelter,” noted William Merricks, UK General Manager at Wayfair. “We make it our mission to contribute to communities in times of need by partnering with organisations that adhere to our values and that drive systemic change. In Shelter, we have a partner that is tackling one of the most profound threats to home in Britain and we are delighted to be able to support its important work supporting the nation’s most vulnerable people.”

According to new research by Shelter, there are now an estimated 17.5 million** adults in Britain who do not have access to a safe or secure home. Their home might be unaffordable, unfit or unstable, or they may have faced discrimination due to their race, gender, disability or sexuality. Thousands of people are forced to sleep on the streets on any given night and an estimated 250,000 people*** living in temporary homeless accommodation in England alone.

Shelter receives millions of visits to its website every year from people seeking help and advice, and in the last year its national emergency helpline and local services helped over 60,000 people.****

Andy Harris, Director of Income Generation at Shelter said: “We’re really pleased to announce our new partnership with Wayfair. We share its belief that a safe and secure home is not only a basic human need, but also the springboard that allows people to thrive and not just survive. Shelter exists to defend the right to a safe home, and this commitment from Wayfair will help us to be there for even more people by raising vital funds. Millions of people in Britain are now impacted by our housing emergency, and with the generous support of Wayfair staff and customers, we can continue to fight for home together.”

To find out more about Wayfair’s partnership with Shelter, please visit wayfair.co.uk

Editors Notes:

*Profits means net revenue minus wholesale, shipping and other product-related costs, customer service costs and merchant fees, plus credit card points and rebates. Wayfair commits to donating a minimum of £100,000. Shelter Trading limited donates all its taxable profits to Shelter (Charity no. 263710 England and Wales, SC002327

**Shelter commissioned YouGov to conduct an online survey among 13,268 adults (18+) in Great Britain, to ask them about their home and housing experiences. 4,410 of the respondents were experiencing the housing emergency. Fieldwork was undertaken between 6 – 14 April 2021, and the figures have been weighed to be representative of all GB adults (aged 18+).

***Figures on rough sleeping and temporary accommodation come from Shelter analysis of Government figures sourced from here. Note figures in this release relate to people, whereas most official statistics count by household, and this analysis was previously released here.

****60,000 is the total number of clients helped during the financial year ending 2020 for Shelter Helpline and face-to-face services, combined with total number of Shelter webchats in the financial year.

About Shelter

Shelter exists to defend the right to a safe home and fight the devastating impact the housing emergency has on people and society. Shelter believes that home is everything. Learn more at www.shelter.org.uk

About Wayfair

Wayfair is the destination for all things home: helping everyone, anywhere create their feeling of home. From expert customer service, to the development of tools that make the shopping process easier, to carrying one of the widest and deepest selections of items for every space, style, and budget, Wayfair gives everyone the power to create spaces that are just right for them.

Headquartered in Boston, Massachusetts, U.S. and with offices in Berlin, London and Galway, the company employs 16,200 people, more than 2,000 of them in Europe. Wayfair operates in the United Kingdom, Germany, Canada and the U.S. The company generated $15.3 billion in net revenue for the twelve months ended March 31, 2021 and is publicly listed on the New York Stock Exchange.


ę Business Wire 2021
All news about WAYFAIR INC.
09/09RISKIFIED : Reports Widened Second-Quarter Loss, Issues Revenue Forecast Above Street View..
MT
09/07WAYFAIR : BofA Securities Lowers Wayfair's Price Target to $302 From $310, Maintains Neutr..
MT
09/07NORTH AMERICAN MORNING BRIEFING : Stocks Likely to -2-
DJ
09/03WAYFAIR : Wolfe Research Adjusts Wayfair's Price Target to $355 from $375, Keeps Outperfor..
MT
09/01RISKIFIED : Says Wayfair Renews Deal Targeting Payments Fraud
MT
09/01Riskified Ltd. and Wayfair Inc. Extend Partnership to Further Optimize the Omnichannel ..
CI
08/18INSIDER TRENDS : Insider Disposition at Wayfair Interrupting 90-Days of Buying
MT
08/18WAYFAIR : Citigroup Adjusts Wayfair's Price Target to $225 From $250, Reiterates Sell Rati..
MT
08/13PRESS RELEASE : Lakestar SPAC I SE : Lakestar SPAC I to hold Extraordinary General Meeting..
DJ
08/11WAYFAIR : Board Approves New $1 Billion Share Buyback Program
MT
More news
Analyst Recommendations on WAYFAIR INC.
More recommendations
Financials (USD)
Sales 2021 14 336 M - -
Net income 2021 18,0 M - -
Net Debt 2021 900 M - -
P/E ratio 2021 1 482x
Yield 2021 -
Capitalization 28 840 M 28 840 M -
EV / Sales 2021 2,07x
EV / Sales 2022 1,67x
Nbr of Employees 16 122
Free-Float 68,7%
Chart WAYFAIR INC.
Duration : Period :
Wayfair Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WAYFAIR INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Last Close Price 277,57 $
Average target price 315,92 $
Spread / Average Target 13,8%
EPS Revisions
Managers and Directors
Niraj S. Shah Co-Chairman, Chief Executive Officer & President
Michael D. Fleisher Chief Financial Officer
Steven K. Conine Co-Chairman
James R. Miller Chief Technical Officer
Thomas Netzer Chief Operating Officer & Senior Vice President
Sector and Competitors
1st jan.Capi. (M$)
WAYFAIR INC.22.92%28 840
AMAZON.COM, INC.2.66%1 711 794
JD.COM, INC.-13.63%117 840
ETSY, INC.23.30%27 767
ALLEGRO.EU SA-26.78%16 151
MOMO.COM INC.335.16%13 771