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This statistic highlights Wayfair’s Number of Order Deliveries, reported on a quarterly basis from 2016 onwards.
|Category||Q1 2020||Q2 2020||Q3 2020||Q4 2020||Q1 2021||Q2 2021||Q3 2021|
(All figures are in millions)
Since its inception, Wayfair’s Number of Order Deliveries has increased by 267.70% between Q1 2016 and Q3 2021, as they rose from 2.996 million order deliveries made in Q1 2016 to 11.016 million order deliveries made in Q3 2021.
During the year 2020, the number of orders delivered had been fluctuating. The number of deliveries increased from 9.876 million in Q1 2020 to 18.892 million in Q2 2020, marking a rise of 91.30%. However, the number of order deliveries decline by 16.58%, standing at 15.758 million in Q3 2020, as compared to 18.892 deliveries made in Q2 2020. It again increased by 4.53% in Q4 2020 when it amounted to 16.643 million deliveries, compared to 15.758 million made in Q3 2020.
Although, since Q1 2021 the number of order deliveries made by Wayfair has been on a decline. It decreased by 10.80% in Q1 2021 when it made 14.696 million deliveries, compared to 16.473 million deliveries made in Q4 2020. It further reduced by 5.5%, from 14.696 million in Q1 2021 to 13.885 million in Q2 2021. On a quarter-on-quarter basis, the number of orders delivered witnessed a decline of 20.65%, from 13.885 million in Q2 2021 to 11.016 million in Q3 2021. The number of order deliveries made has reduced from 15.758 million in Q3 2020 to 11.016 million in Q3 2021, marking a fall of 30.10% on a year-on-year basis.
The Covid 19 pandemic started in 2019 however its spread enhanced in the early months of 2020 thus giving the world a digital transition. Wayfair being an e-commerce corporation benefitted a lot during this period. As we can see in the above statistics the order deliveries increased by 91.30% in Q2 2020, which can be seen as a result of digitalization all over the world. However, in the recent quarters of 2021, the order deliveries are on a decline which can be explained by the fact that the pandemic has started to decline its severity, leading to lifting of lockdowns globally and resultantly people going back to their physical shopping methods, thus declining sales of e-commerce platforms like Wayfair.
Wayfair is one of the world’s leading online platforms for the home furniture and furnishing industry. Its co-founders are expert tech innovators and have also functioned together in the commercial Internet sector since 1995. As engineers themselves, they have established a company culture intensely rooted in technology and data, and their noteworthy equity ownership in Wayfair has well-versed their leadership and endorsed them to take a long-term view when improving the company.
Through its e-commerce platform, Wayfair offers its clients virtually inspired browsing, captivating merchandising, stress-free product discovery, and reasonable prices for over twenty-two million products from over 16,000 suppliers. It is fixated on bringing its customers an experience that is at the best levels of shopping for the home on the internet. Wayfair’s customers are spread over a varied range of demographics and have annual household earnings ranging from $25,000 to $250,000, and also consist of business professionals. Because each of its clients has a different taste, style, purchasing goal, and budget when buying for her home, it has created one of the largest online assortments of furniture, décor, housewares, and home upgrading products. It is able to supply this wide selection of products because it holds minimal inventory. It specializes in the home category and this has facilitated it to develop a shopping experience and logistics arrangement that is tailor-made to the unique features of its market. Wayfair Inc’s stock goes by the symbol ‘W’ and is listed on the New York Stock Exchange (NYSE).
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