Wayfair to grow Boston headquarters space by 40%
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Jan 5, 2016
Capitalizing on soaring momentum and business growth, Boston-based e-commerce home furnishings giant Wayfair will grow its headquarters at Copley Place by 40 percent early this year.
Wayfair (NYSE: W) CEO Niraj Shah said the company struck a deal to lease an additional 100,000 square feet late last year. Renovation is currently ongoing and expected to be complete by March, Shah said.
Employees of Boston-based e-commerce home furnishings company Wayfair moved into their… more
“We have hundreds of openings and we’re aggressively growing,” he said in a phone call.
Wayfair had 3,250 employees at the end of September 2015 and the company has hundreds of job openings currently.
The company moved into its Copley Place headquarters from 177 Huntington Ave. in July 2014. (Click the 2014 slide show above for photos of Wayfair’s Copley Place headquarters.)
Shah, who is also the co-founder, said Wayfair has been on a growth spree lately.
That growth has been reflected in its stock price. In a tech ecosystem that’s not as well known for its consumer technology, Wayfair topped 2015’s list of biggest stock gainers. The company’s share price rose 126 percent to a market capitalization of about $3.8 billion since Jan. 1 in 2015.