Wayfair: No major impact from Supreme Court tax decision
Online home furnishings retailer Wayfair isn’t expecting any big impact on its business about losing the case it was a party to.
Responding to the U.S. Supreme Court decision in South Dakota v. Wayfair, the company said it already collects and remits sales tax on about 80% of its U.S. orders, with the number growing as it expands its logistics footprint. Wayfair had net revenue of $5.2 billion in its last fiscal year.
“As a result, we do not expect today’s decision to have any noticeable impact on our business, as it may on other retailers who do not currently collect and remit sales tax,” the retailer stated.
In addition to its namesake brand, Wayfair also operates several other brands, including Joss & Main, AllModern, Birch Lane and Perigold. The company is based in Boston.
Responding to the U.S. Supreme Court decision in South Dakota v. Wayfair, the company said it already collects and remits sales tax on about 80% of its U.S. orders, with the number growing as it expands its logistics footprint. Wayfair had net revenue of $5.2 billion in its last fiscal year.
“As a result, we do not expect today’s decision to have any noticeable impact on our business, as it may on other retailers who do not currently collect and remit sales tax,” the retailer stated.
In addition to its namesake brand, Wayfair also operates several other brands, including Joss & Main, AllModern, Birch Lane and Perigold. The company is based in Boston.