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"Ultimately every company needs to be self-financing," co-founder and Chief Executive Niraj Shah wrote in an email to staff. Wayfair isn’t like traditional furniture chains such as West Elm or IKEA.

Delivers Fourth Quarter Net Income of $0.08 Per Share; Inventory Reduced 11.1% From prior year; meets full year Financial Guidance.

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The almost total grip of former assistants to Ikea’s legendary founder continues, as another has been named chief executive. stores to recycling mattresses and renting out office furniture.

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Wayfair is trying to show investors it can moderate its losses as revenue growth slows and investor appetite for unprofitable.

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"Ultimately every company needs to be self-financing," co-founder and Chief Executive Niraj Shah wrote in an email to staff. Wayfair isn’t like traditional furniture chains such as West Elm or IKEA.

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