Wayfair Inc. (NYSE:W) surged by 20.12% last week, reaching a new all-time high due to a positive business outlook. CEO Niraj Shah expressed confidence in the company’s growth potential, emphasizing its ability to gain market share in a fragmented industry. Wayfair is expanding its physical stores, showing optimism despite US-China trade tensions.

The company’s CEO believes Wayfair can thrive in both up and down markets, citing the category’s passion and excitement as factors driving growth. Despite cyclicality, Wayfair remains focused on capturing market share and expanding its presence. The upcoming physical store openings in Atlanta and Yonkers signal a vote of confidence in the company’s future.

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Read more at Yahoo Finance: Wayfair (W) Soars 20% as Firm Posts Bullish Outlook