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Wayfair Inc. is an American e-commerce company based in Boston, Massachusetts [6] that sells furniture and home goods online. Formerly known as CSN Stores, it was founded in 2002, and currently offers 14 million items from more than 11,000 global suppliers. [ 3 ]
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Wayfair’s physical store ambitions reflect a bigger wave of brick-and-mortar openings. In the early 2010s, new store openings largely outpaced closures, until the tide turned in 2017.
In May 2017, Wayfair's share price rose above $70 per share, making Shah and his co-founder Steve Conine both billionaires. As of April 2022, his estimated net worth was $1.6 billion. As of April 2022, his estimated net worth was $1.6 billion.
South Dakota v. Wayfair, Inc., 585 U.S. ___ (2018), was a United States Supreme Court case that held by a 5–4 majority that states may charge tax on purchases made from out-of-state sellers even if the seller does not have a physical