Wayfair loses more than a million customers

More than a million fewer customers purchased products from Wayfair last quarter, a decrease of 22.6 percent year-over-year. The online furniture retailer’s sales fell nine percent during the quarter, which led to a loss of $283 million. “Wayfair’s business isn’t working and it is losing an extensive amount of market share,” said Neil Saunders, an analyst at GlobalData Retail.