Wayfair Issues Statement on U.S. Supreme Court Decision
June 21 2018 - 12:09PM
Business Wire
Wayfair (NYSE:W), one of the world’s largest online destinations
for the home, today issued the following statement in response to
the U.S. Supreme Court decision in South Dakota v. Wayfair, Inc. on
June 21, 2018:
We welcome the additional clarity provided by the Court’s
decision today. Wayfair already collects and remits sales tax on
approximately 80% of our orders in the United States, a number that
continues to grow as we expand our logistics footprint. As a
result, we do not expect today’s decision to have any noticeable
impact on our business, as it may on other retailers who do not
currently collect and remit sales tax.
Wayfair has long supported a legislative solution that would
establish a level playing field for brick-and-mortar and online
retailers by permitting states to collect sales tax on online
sales. While we believe the Court was not the ideal venue for
creating this level playing field, we expect that today’s decision
will bring clarity and certainty to this issue.
About Wayfair
Wayfair believes everyone should live in a home they love.
Through technology and innovation, Wayfair makes it
possible for shoppers to quickly and easily find exactly what they
want from a selection of more than 10 million items across home
furnishings, décor, home improvement, housewares and more.
Committed to delighting its customers every step of the
way, Wayfair is reinventing the way people shop for their
homes - from product discovery to final delivery.
The Wayfair family of sites includes:
- Wayfair - Everything home for every
budget
- Joss & Main - Affordable
discoveries for gorgeous living
- AllModern - Unbelievable prices on
everything modern
- Birch Lane - Home of classic designs
and fresh finds
- Perigold - The widest-ever selection of
premium home
Wayfair generated $5.2 billion in net revenue for the twelve
months ended March 31, 2018. Headquartered in Boston,
Massachusetts with operations throughout North America and Europe,
the company employs more than 8,700 people.
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version on businesswire.com: https://www.businesswire.com/news/home/20180621005908/en/
WayfairMedia Relations Contact:Susan Frechette,
617-502-7066PR@wayfair.comorInvestor Relations Contact:Joe
WilsonIR@wayfair.com
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