Wayfair, the Boston based furniture and décor e-commerce company, recently announced that revenue reached $915 million in 2013. This is a 55% annual growth rate and the company is hoping to expand in the coming years.
Bostinno states, “The leading company has made a pair of strategic hires in the past year. Back in October, the firm appointed Michael Fleisher, former vice chairman of strategy and operations at Warner Music Group, to the position of CFO, likely in preparation for an IPO in late 2014 or 2015. Fleisher led two companies – Warner Music Group and Gartner – through their initial public offerings in 2005 and 1993, respectively, so he knows the drill.”
Wayfair can also be added to the small list of online-only retailers that have reached almost $1 billion in sales. They have almost 1,000 employees and is the top funded privately held Boston tech firm.
It looks like Wayfair has a bright future ahead.