Wayfair enjoys stock boost as COVID-19 pandemic rages on

Not every retailer’s bottom line is hurting due to the coronavirus pandemic.

Wayfair Inc.’s stock spiked Monday after the home accessories and furniture retailer reported a jump of 20% in gross revenue going into March and that figure doubling by the end of the same month.

Wayfair’s operations staff are telecommuting but its logistics and fulfillment are still operating as usual, according to a Market Watch report.

It has rescheduled its annual shopping day, Way Day, due to the global pandemic and said it will organize a charity-focused sales event instead this year.

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