Wayfair.com Named One of America's Most Promising Companies Forbes Magazine Recognizes Home Furnishings Retailer as High Growth, Private Company
BOSTON, Feb. 6, 2013 /PRNewswire/ -- Wayfair.com, the largest online retailer of home products and furnishings, has been listed at No. 16 on Forbes' annual ranking of America's Most Promising Companies -- a list of one hundred privately held, high-growth companies with bright futures.
"It is a great honor for Wayfair.com to be recognized by Forbes as one of America's Most Promising Companies," said Niraj Shah, CEO of Wayfair.com. "We are changing the way people shop for home furnishings and are excited by the tremendous growth of our company over the past several years. The best is yet to come as more people discover the unparalleled shopping experience we offer in the home category."
For the Most Promising list, Forbes strove for a holistic gauge of young, privately-held companies, trying to pin down their trajectories by looking at a slew of variables. Over the course of six months Forbes reviewed thousands of applications. The final assessment is based on growth (both in sales and hiring), quality of management team and investors, margins, market size and key partnerships. Forbes turned to CB Insights, a Manhattan-based data research firm that specializes in assessing private companies, to refine the search. Their MOSAIC software scans 45,000 sources to measure a company's health. A new distribution deal, for example, marks a positive signal, while the loss of an executive is a negative. MOSAIC gathers those myriad signals into a final score that Forbes uses as an initial guide in producing the list. After verifying sales numbers, speaking with each company and debating their merits and blemishes, Forbes produces a final ranking.
Wayfair.com offers a zillion things home – the largest selection of home furnishings and decor across all styles and budgets. With more than five million options from 5,000 brands, we are dedicated to helping people find the perfect product at the right price. Our unparalleled selection and superior customer service coupled with the convenience of online shopping makes it easier than ever before to find exactly what you want for your home. Other sites under the Wayfair.com umbrella include AllModern.com, a leading retailer of original modern design, and JossAndMain.com, the fastest growing private sale site for the home.
Headquartered in Boston, Massachusetts, Wayfair.com employs more than 1200 people and operates distribution and operations centers in Ogden, Utah and Hebron, Kentucky, and international offices in Galway, London, Berlin and Sydney.