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The Wayfair headquarters in the Back Bay section of Boston, Massachusetts in 2018. Wayfair Inc. is an American e-commerce company based in Boston, Massachusetts [ 6] that sells furniture and home goods online. Formerly known as CSN Stores, it was founded in 2002, and currently offers 14 million items from more than 11,000 global suppliers. [ 3]
Closeout (sale) A closeout or clearance sale (also called a closing down sale in the United Kingdom [ 1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy. [ 2]
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Illinois (1967), Quill Corp. v. North Dakota (1992) South Dakota v. Wayfair, Inc., 585 U.S. ___ (2018), was a United States Supreme Court case that held by a 5–4 majority that states may charge tax on purchases made from out-of-state sellers even if the seller does not have a physical presence in the taxing state.
In the first quarter, Wayfair reported total net revenue of $2.8 billion, beating Wall Street's expectations by about $33 million, while reporting a net loss of $355 million.
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