.August 1, 2024 01:19:01 PM

Wayfair Inc. (NYSE:W) reported a net loss of $42 million, or 34 cents per share, in the second quarter, indicating ongoing challenges. The company’s stock declined by 7.6%, reflecting investor concerns over its ability to navigate macroeconomic pressures. Despite a slight improvement in net loss from the previous year, Wayfair’s performance underscores the broader challenges facing the online retail sector amid economic uncertainties.