COVID-19 lock-down boosts sales for billionaire Niraj Shah’s Wayfair

THE COVID-19 LOCK-DOWN RESCUES U.S. ONLINE HOME GOODS RETAILER WAYFAIR, LIFTING BILLIONAIRE CO-FOUNDER NIRAJ SHAH’S NET WORTH

Originally published June 20. 2021

Photo: Niraj Shah, co-founder Wayfair

Since March, locked inside by the COVID-19 pandemic, Americans look around their homes and decide they need a new chair or an outdoor table. In May, $38 billion of furniture was sold in the U.S., up 90% from the previous month, according to the U.S. Department of Commerce.

The rise in…