More than 40% of hourly employees to receive pay increase effective immediately

Invests additional $3 million in small community businesses through restaurant partnerships

BOSTON – (BUSINESS WIRE) – Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for the home, announced today that it has committed $30 million to social impact investing, including a $20 million investment in the Black Economic Development Fund (BEDF). The BEDF invests in Black-led financial institutions, anchor institutions, and businesses to improve access to capital and expand economic opportunity for Black communities. The BEDF was launched and is managed by the Local Initiatives Support Corporation (LISC), one of the nation’s oldest and largest community development financial institutions.

At Wayfair, we have always focused on creating an exceptional shopping experience for our customers, which means empowering them to easily find the products that meet their needs.

This article is part of our series "Sustainable Suppliers," a collection of ongoing conversations with the suppliers in our network who are doing their part to create a more sustainable future for our planet.

Everyone deserves a place to call home. At Wayfair, we’re partnering with Shelter England to help make this possible. Here, we talk with Deborah Garvie, Policy Manager at Shelter on how Shelter defends the right to a safe home and tackle the devastating impact the housing emergency has on people and society.

At Wayfair, we are committed to contributing positively to our communities and our world, and we are continuously impressed by our many team members across the globe who go above and beyond to drive meaningful change in their own backyards.

Nearly a year ago, masks to protect against coronavirus transmission were in short supply, as health officials urged citizens to save medical-grade masks for our heroic health care workers. While textile manufacturers ramped up production of cloth masks, many of us got creative to ensure we did our part to slow the spread by wearing face coverings.

At Wayfair, we understand that for candidates considering joining our team, a large part of that consideration is weighed by how they perceive our company culture and whether they feel represented in the workplace. It’s important for them to feel like Wayfair is somewhere they can be themselves, and we want every employee – current and future – to feel welcome. In pursuit of that goal, we offer candidates the opportunity to meet with our Culture Ambassadors outside the formal interview process.

Wayfair’s LGBTQIA+ community stars in first-ever European Pride campaign