We recently published 10 Big Names With Double-Digit Upsides. Wayfair Inc. (NYSE:W) is one of last week’s top performers.
Wayfair jumped by 20.12 percent week-on-week to hit a new all-time high as investor sentiment was bolstered by the company’s optimistic business outlook.
At the recently concluded Goldman Sachs Global Retailing Conference, Wayfair Inc. (NYSE:W) CEO Niraj Shah said that he believed in the company’s growth potential despite cyclicality and that it would gain a market share amid the industry’s fragmented nature.
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“The way we look at it is…it’s a cyclical category, but our view is, with our model, we can take share in a down market, and we can take even more share in an up market,” he said.
“We don’t view the cyclicality of it as something that should restrain our ability to grow. While the market is…not a growth market from the total addressable market growing standpoint, the truth is…there’s a large number of participants, and it’s very, very fragmented. The ability to take share is actually a very real thing because…it’s a category that has a lot of passion and excitement in it,” he added.
At present, Wayfair Inc. (NYSE:W) is underway with the expansion of its physical stores, one targeted to open in Atlanta next year, with another large-format version expected to open at Ridge Hill in Yonkers, New York.
Wayfair Inc.’s (NYSE:W) brick-and-mortar expansion plans mark a vote of confidence despite the United States’ trade spat with China, where it sources a significant chunk of its supplies.
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Disclosure: None. This article is originally published at Insider Monkey.
