Why Wayfair Stock Was Down by Nearly 30% This Week

·2 min read

One of the worst-performing specialty retail stocks across the past few trading days has been Wayfair (NYSE: W). The online furniture and home goods outlet's shares were down in excess of 26% week to date as of early Friday morning, according to data provided by S&P Global Market Intelligence. The peer currently in hot water is high-end furniture and furnishings specialist RH, formerly known as Restoration Hardware.

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