Wayfair saw a huge sales surge as people have focused their attention on upgrading their homes amid the pandemic.Wayfair said that it gained 5 million net new customers in the most recent quarter, more than it had gained in the last year. "We have reason to believe that customers will remain focused on their homes in the back half of the year," CFO Michael Fleisher said during the call. "But the unemployment picture is still quite tenuous.
"In fact, our view is that e-commerce adoption is likely to continue to shift faster than it did pre-COVID," Shah said. "Just to put things into perspective, in the quarter, we activated nearly 5 million net new customers more than the last four quarters combined."
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