NYSE:WSpecialty Retail
Wayfair Tests Flagship Store And CEO Equity Grant Against Volatile Outlook
Wayfair (NYSE:W) has opened its first large scale flagship retail store in Atlanta, covering roughly 150,000 square feet.
The company is pairing this move into physical retail with a new equity award of about $280 million to CEO Niraj Shah.
These developments introduce a new phase for a business that has historically focused on online home goods and furniture sales.
Wayfair enters this shift with its shares at about $72.61 and a mixed recent return profile, including a 1.6% gain over the...