WithIt to host student networking event

WithIt is expanding its student mentoring program though an online interactive mentoring and networking event this fall.

A Tour of The Home Furnishings Industry, scheduled for Dec. 10 from 12-5 p.m., will be a half-day experience featuring interactive discussion from mentors and volunteers from all fields within the furniture community with the goal of educating and promoting the different facets of the industry.

The event will also have a speed networking opportunity in which students have the chance to meet and chat with industry professionals within a quick three-minute time frame as well as breakout sessions catered to specific interests. The event will be free for all students to participate.

“The goal of this event is for students to experience the different options our industry has to offer as well as create connections with industry leading professionals,” said WithIt Executive Director Amy Van Dorp.

WithIt said it welcomes sponsorships for the event to show and provide industry support for the college students “during this difficult period in their educational experience.

“The college lifestyle has drastically changed due to COVID-19 implications, and the WithIt community hopes this response and informative event will aid students in finding internship opportunities, career mentors and

Wayfair posts 2nd consecutive profitable quarter

BOSTON – Wayfair posted a profit for its second consecutive quarter after the company reported a net income of $173.2 million for the quarter ended Sept. 30, compared with a $272.9 million loss in the prior-year third quarter.

Gross profit for the third quarter came in at $1.1 billion or 29.9% of total net revenue, compared with $540 million in the third quarter of last year. Wayfair also reported diluted earnings per share of $1.67 for the third quarter compared with a net loss of $2.94 for last year’s third quarter.

Total net revenue increased $1.5 billion to $3.8 billion up 66.5% year-over-year. At the end of the third quarter, cash, cash equivalents and short- and long-term investments totaled $2.6 billion.

“Wayfair delivered another quarter of strong operating and financial results in Q3. Category momentum is vibrant, demand is moving online at an accelerated pace, and we expect the home to be even more important than usual when it comes to celebrating the holidays this year,” said Niraj Shah, CEO, co-founder and co-chairman, Wayfair.

“Our long-term mindset and strategic investments are translating to sustained profitability. While today’s unique environment has accentuated these trends, we are confident that there is a

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