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Wayfair shares tumble amid report of Amazon furniture push

April 25, 2017

Via: CNBC

Shares of Wayfair closed down more than 5 percent on Monday, after a trade publication reported that Amazon may be introducing new delivery options for furniture sellers.

Amazon representatives told a group of retailers on Monday that it hopes to allow furniture sellers that do not deliver nationwide to join the platform, according to a report in Furniture Today. Retailers could list their products on the platform with a menu of services options, like “white glove delivery,” as opposed to giving their products to third-party shippers, according to Furniture Today.

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