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Online home decor giant gains momentum in Q2
Despite posting a loss for the second quarter, Wayfair’s brand continues to gain traction and square off against competitors. For the second quarter ended June 30, the home decor and furnishings e-retailer narrowed its net loss to $38.9 million from $48.3 million in the same period a year ago. It also posted a smaller-than-expected second quarter loss of 26 cents per share, beating analyst expectations of 46 cents per share, according to FactSet. -
Regional grocer anticipates Prime expansion
Sprouts Farmers Market doesn't plan on backing out of its partnership with Amazon any time soon. Despite Amazon’s recent announcement to purchase of Whole Foods Market, Sprouts Farmers Market plans to continue its role as an Amazon Prime Now delivery partner. More so, the grocer expects the program to extend to more than half of its store network, according to Food Navigator-USA.