Wayfair continued to suffer from sales declines in the fourth quarter, reporting net revenue fell 4.6% year over year to $3.1 billion. By region, U.S. revenue declined 1.8% from last year to $2.7 billion, while international revenue fell 19.7% to $415 million.
The online retailer’s active customer base in the fourth quarter fell 19% year over year to 22.1 million, according to a company press release. Orders per customer fell to 1.81 compared to 1.89 in 2021, but net revenue per active customer increased 10.4% from last year to $553.
Wayfair moved deeper into the red, with fourth quarter operating loss growing 68% year over year to $330 million and net loss increasing 74% to $351 million. For the full year, the retailer’s net revenue declined 11% to $12.2 billion and its net loss widened by $1.2 billion to reach $1.3 billion.Retail Dive