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Shares of Wayfair Inc. were climbing toward a more than one-year high Monday, after the furniture and home-goods e-commerce company’s second-quarter results topped Wall Street’s estimates as accelerating sales suggest the worst may be behind it.
The results are being closely watched for insight into the broader furniture market, which has previously
felt the impact of a depressed housing market and consumers opting to spend their cash on essentials.
This post was originally published on Market Watch
