These macro trends have hit consumer spending hard, and along with retailers like Target, Wayfair has struggled. Sales declined 15% year-over-year for the second quarter. The brand also lost 24% of its active customers — a sign that the company is struggling to retain the shoppers it gained at the beginning of the pandemic. overall, Wayfair posted a net loss of $378 million during the quarter. Wayfair's shares have lost about 70% of their value since the start of the year.