(Reuters) - Shares of online furniture retailer Wayfair Inc (W.N) soared as much as 35% to hit a record high on Tuesday after posting better-than-expected quarterly results, as more consumers took to renovating and furnishing their homes while being stuck indoors due to the COVID-19 pandemic.
The shelter-in-place orders have boosted demand for essential products, including home office products, cookware and kitchen appliances and children's furniture, at a time when most Americans are working from home and limiting their time outdoors.
"Home is becoming an area that customers are disproportionately investing into, and I would expect that to persist for a while," Chief Executive Officer Niraj Shah said on a post earnings call.
Wayfair said it saw a pickup in both traffic and sales starting in mid-March. Its executives added that the sales momentum has carried into the current quarter, with its quarter-to-date gross revenue growth trending up roughly 90% from a year earlier.
"We are seeing not just robust new customer acquisition but also strong repeat trends from both long-term loyal and recently added new customers," Chief Financial Officer Michael Fleisher said.
The Joss & Main furniture e-store owner has also been benefiting from the temporary closure of physical furniture stores in the United States, as it posted a 19.8% increase in sales in the first quarter ended March 31, helped by a surge in orders in the month of March.
Fleisher, however, said Wayfair's performance thus far puts it on a trajectory to achieving positive consolidated adjusted EBITDA margin in the second quarter even without the impact of the virus-led rise in sales it is experiencing.
Wells Fargo analyst Zachary Fadem said Wayfair, in an unexpected fashion, delivered a narrative-changing message, as recent cost efforts are bearing fruit in the form of a second-quarter profit inflection.
The company's first-quarter net sales of $2.33 billion beat Wall Street estimates of $2.31 billion, according to IBES data from Refinitiv.
Wayfair also said the number of active customers in its direct retail business increased 28.6% to 21.1 million as at the end of the quarter, from a year ago.
The company, however, posted a net loss of $2.30 per share, but was smaller than the average analysts' estimates of a loss of $2.60 per share.
Wayfair's shares, which have increased over 81% this year, were up 22.2% at $163.89.
Reporting by Praveen Paramasivam in Bengaluru; Editing by Shailesh Kuber
For more than 100 years, Popular Mechanics has been the go-to resource for DIY home projects. We've tested consumer electronics and small appliances for years, we're now bringing our deep expertise and rigorous evaluations to even more home goods—from products that help you sleep better to security systems you install yourself. As the market becomes saturated with smart-0home technology, it's more essential than ever to identify and recommend exceptional products to make it easier for you to find the right one. These are the best new innovators, long-term top performers, and terrific value picks that will upgrade your home and simplify your life.
—BEST POWER STRIP—Belkin Pivot-Plug 12-Outlet Surge Protector
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Never struggle with reorganizing your cables again, thanks to Belkin's Pivot-Plug surge protector. Eight out of its dozen outlets swivel, so you can position them to prevent plugs from obstructing one another, and a clip on one side locks in cables. Along with coaxial cable and phone line protection, it's the all-in-one strip to power everything in a growing home entertainment system. $40
—BEST PORTABLE POWER STRIP—Anker PowerPort Cube
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The diminutive PowerPort Cube—a 3.1-inch square with a 5-foot cord—is small enough to take just about anywhere, whether at your desk or on the go. Including three standard outlets and three rapid-charging USB ports, it also boasts overload protection and a durable, fireproof exterior. $20
—BEST MESH WIFI SYSTEM— Eero Pro + 2 Beacons
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The Eero Pro is so easy to set up with its app, there's no need for networking smarts, but know that it's a tri-band WiFi network, meaning devices can use more spectrum. Eero claims this mesh system covers a 5,500-square-foot home, and we successfully used the router in a 2,900-square-foot stone house with two-foot-thick walls, plus the beacons to cover an outbuilding, two acres of property, and a barn another 100 feet away. $399
—BEST LAPTOP/TABLET— Microsoft Surface Pro 7
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After years of tweaking its lineup, Microsoft finally created the ultimate two-in-one device with the Surface Pro 7. Though its design hasn't strayed much, it boasts better graphics, Intel Core i5 with a fanless design, improved Surface Pen compatibility, and a USB-C. Working out the limitations of many laptop-tablet hybrids, it excels as an everyday work machine or just as a tablet for use around the house. $749
—BEST MOUSE— Logitech MX Master 3
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The Logitech MX Master 3 is a palm-sized jack-of-all-trades. Ergonomic and responsive, it feels great when you're hard at work or hard at play. It works across Windows, macOS, and Linux and its included software lets you customize the MX Master 3 just the way you want it, with simple shortcuts designed for specific applications. $100
—BEST KEYBOARD— Logitech MX Keys
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If you spend the majority of your day at a computer, a new keyboard is a cheap upgrade that you'll appreciate immediately. Logitech's membrane design is quiet and provides just the right amount of resistance before engaging. The concave keys are also appreciably more comfortable than flat keys, and turning off the backlight increases the claimed battery life from 10 days to five months. $100
—BEST WIRELESS EARBUDS— Apple AirPods Pro
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Whether you wear them on the couch or on your commute, Apple's AirPods Pro combine decent sound quality with exceptional noise cancellation for wireless earbuds. With Active Noise Cancellation, the AirPods Pro take in aural information through the microphones and calibrate the sound 200 times per second to keep out the racket in your daily life. $249
—BEST WIRELESS HEADPHONES— Bose 700
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Not even the best of today's wireless earbuds can beat the physical noise isolation or 20-hour battery life from over-ear headphones like the Bose 700. Its touch controls are intuitive, with 11 levels of noise cancellation and an option to let in ambient noise. Along with strong Bluetooth connection, it even retains a headphone jack. $400
—BEST COMPUTER SPEAKERS— Audioengine A2+
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Too many people tolerate tinny laptop speakers and subpar earbuds, but Audioengine's speaker is a huge evolutionary leap from whatever's inside your laptop's casing. In addition to a warm, powerful sound and easy setup, the speakers' real strength is the many ways you can connect them, including Bluetooth, 3.5mm audio jack, and dual audio inputs. $269
Few high-quality speakers exist in the sub-$500 conversation, but ELAC has disrupted the "budget" category with the Debut 2.0 B6.2, which faithfully reproduces how music was recorded and meant to be listened to. For home-theater listening, it sounds far superior than others in its class, with a sound larger than expected for its size. Still, the speaker is hardly sleek and it requires a subwoofer to achieve the best audio. $350
—BEST VALUE PORTABLE AC—1. Honeywell HL09CESWK
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This Honeywell air conditioner is a robustly built and pleasant-sounding appliance in the mid-power range with 9,000 BTU that can cool rooms up to 400 square feet. In our testing, it held the target temperature exceptionally well, within one degree or less. $380
—BEST AIR PURIFIER—2. Coway Airmega AP-1512HHS
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Coway brings smart connectivity to its eye-catching AP-1512HH design with the Airmega. Including a pre-filter, activated carbon, and true HEPA filter system, this air purifier is rated to eliminate 99.97% of air particles down to 0.3 microns for rooms up to 325 square feet. It seamlessly syncs with the IoCare app, so you can remotely switch its settings—including three fan speeds, and auto and eco modes—as well as monitor air quality and filter status. $299
—BEST HUMIDIFIER—3. Honeywell HCM-350 Germ Free
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To remedy a dry winter or arid summer, the Honeywell increases humidity up to 15% for medium rooms in one day's work. Unlike ultrasonic humidifiers, this evaporative model releases water vapor, rather than a visible mist, and its filter purports to kill 99.9% of water-bred bacteria. It hums a pleasant white noise on high but is virtually silent on low, with no bright lights or beeping during use. $70
—MOST POWERFUL PORTABLE AC—4. LG 115V Dual Inverter
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The most powerful portable AC unit we tested, LG's appliance is well-suited to cooling large spaces with 14,000 BTU and cool, fan, dehumidify, and sleep modes. LG's SmartThinQ app allows you to control it from anywhere, so you can come home to a cool space. Maintenance is as easy as it gets, with no tools necessary for filter replacement and an easy lift-off design for the top grill. $700
—BEST WINDOW AC—5. Friedrich Kuhl Series KCQ06A10A
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Tough enough for commercial settings as well as your house, Friedrich's Kuhl window air conditioner with 6,000 BTU is quiet but powerful. Its inside is well-built, with dense sound insulation and damper rings, an easily spinning blower wheel, and steel interior partitions. If your interests are more tech than metal, you can also control and monitor it with an app. $739
—BEST SPACE HEATER—6. Honeywell HCE 323V
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The Honeywell HCE 323V's adjustability, output, and thermostatic control make it perfect for heating a living room, bedroom, or small home office. Despite its quiet operation and slim design, it can move a fair amount of hot air quickly and evenly. For safety, its proximity sensor shuts it down when it senses something within six inches. $80
Tip: Before you buy new smart devices, test your internet speed to check your WiFi strength against your internet service provider's claims. Plug a laptop into your router via ethernet and go to Speedtest.net to check your wired connection's download time in mbps. Speedtest also has a free app to test your wireless speeds, which can help you figure out how much bandwidth specific devices are using.
—BEST SMART LOCK— August Smart Lock Pro + Connect
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If you're tired of worrying whether you've forgotten to lock the front door, you may benefit from a smart lock system to check and manage your locks remotely. August's Smart Lock Pro easily installs onto most deadbolts so you can keep your existing keys. Because it also connects to a variety of smart home systems, it's practically a one-size-fits-all solution for most homeowners. $280
—BEST HOME SECURITY SYSTEM— SimpliSafe The Essentials
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SimpliSafe's home security system delivers the best mix of value, monitoring, and ease of use. This kit has the basics, but you can add smart locks, doorbell cameras, and more to achieve up to Area 51–level surveillance. Optional professional monitoring ($25/month) adds more protection and control from the SimpliSafe app. $259
—BEST ROBOT VACUUM—1. iRobot Roomba i7
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The creator of the first commercial robotic vacuum back in 2002, iRobot remains at the forefront of the category with its current Roomba i7. It was the fastest and most efficient vacuum we tested, and it can also effectively navigate your home and any obstacles by creating a map of your floor plan. Through the app, you can schedule, prioritize, or skip specific rooms for cleaning. $600
—BEST HAND VACUUM—2. Black & Decker Dust Buster HHVK515J
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While some hand vacuums by power-tool manufacturers will outpower the Black & Decker Dust Buster, this 20-volt product has plenty of power for jobs in the home, shop, or garage while remaining light and easy to handle. Its nozzle also extends an extra 7.5 inches for hard-to-reach spaces, such as under car seats or couches. $90
—BEST SMART THERMOSTAT— Ecobee Smart Thermostat with Voice Control
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We knew the Ecobee was a winner when we called customer service at 10 p.m. on a Friday and got a simple answer to a wiring question in minutes. Once running, the thermostat was easy to control from the app. It works with standalone sensors (one is included) that monitor temperature and household activity to adjust temps in the spaces you're actually using. $249
—BEST BEARD TRIMMER— Remington MB4900 Beard Boss
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This Remington trimmer delivers straightforward capability and speed control, and plows through hair without snagging or pulling. Though it comes with nine attachments, its high-quality metal comb adjusts from 1 to 5mm, so you don't have to swap out attachments for a variety of short cuts. It's also waterproof for shower use and has a five-hour battery life with a clear charge indicator. $80
Tip: Unsure whether you can use an electric trimmer in the shower? A shower head icon indicates it's safe for use under a stream of water, and a faucet symbol means it can be washed with water, but neither confirms that it's fully waterproof. Only an IP rating of 67 or higher ensures a product will be safe when submerged under water.
—BEST MATTRESS— TempurPedic Luxe Breeze
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With incredible cooling tech and support, the latest TempurPedic feels almost icy to the touch, purportedly 8 degrees cooler than the brand's other memory foam. The ventilated foam feels firm at first, but compresses to provide support that makes you feel weightless—not surprising, given that the TEMPUR material was first developed by the anti-gravity geniuses at NASA. $4,699 (queen)
—BEST PILLOW— Coop Home Goods The Original Pillow
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While it sounds impossible for one pillow to suit every sleeper, this one from Coop Home Goods satisfies back, side, and stomach sleeping preferences with an adjustable filling. Its memory foam and microfiber fill balances the support of solid memory foam with the softness of down. It's also well worth the price with a 100-night trial, five-year warranty, and extra half-pound bag of filling. $60 (queen)
If you typically toss and turn at night or just enjoy the sensation of being swaddled, Quility's weighted blanket offers superior comfort and quality construction from evenly distributed glass beads, polyester filling, a cotton outer layer, and a removable, soft minky cover. The 20-pound queen size we tested worked well for single sleepers and couples, but it also comes in a variety of weights from 5 to 30 pounds for all family members to enjoy. $70-$200
—BEST BLUETOOTH SPEAKER— Ultimate Ears Wonderboom 2
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For almost any situation in which you'd need to amplify music, this tumbler-sized wireless speaker is the answer. It's compact, loud, and water-resistant enough to survive the shower or pool. But the Wonderboom 2 is special mostly for boasting better sound quality than we'd expect for under $200. $100
Whether you're reuniting with your old records or making a maiden voyage into vinyl, the 120X gives you features and a design that no other turntable in this price range can claim. We found that it runs with library-level quiet and plays with full-blooded definition, delivering the kind of warm, round tones you turn to vinyl for. A USB port for digitizing LPs sweetens the pot. $249
—BEST WATER FILTER PITCHER— PUR 11-Cup Ultimate Pitcher
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Compatible with PUR's basic and lead-reducing filters, this 11-cup pitcher is slim, comfortable, and user-friendly, with an LED light to indicate filter status. While the basic filter takes only about six minutes to reduce copper, mercury, chlorine, and more pollutants from one reservoir, the lead filter requires up to 30 minutes, but is rated to eliminate 99% of lead from your water. $35
The InSinkerator Evolution Compact with ¾ horsepower can grind up everything from chicken bones to corn cobs—and do so quietly. The electric motor is covered with sound protection, its internal grind components are all stainless steel, and its discharge pipe is isolated by a rubber gasket to reduce vibration transfer. The unit can be hardwired or plugged in and comes with a standard Quick-Lock mount. $219
—BEST CAST-IRON SKILLET— Stargazer Cast Iron
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Every proficient home cook needs a quality cast-iron skillet to make their kitchen complete. The small Stargazer brand ranked at the top of our testing, with impressive performance and balanced ergonomics. In the modern market of gritty black cast iron, Stargazer's design stands out like a beacon with its smooth bronze seasoned surface, unique rolled rim, stay-cool handle, and huge helper handle. $115-$145
10 Best Smart Kitchen Device And Appliances In 2019
ELMHURST, IL — This house on Geneva Avenue includes three bedrooms with recent improvements. The kitchen features hardwood cabinets, granite and stainless steel appliances. The house is behind the wooded area of the Maywood Sportsmen's Club.
Address: 710 N Geneva Ave, Elmhurst, Illinois
Price: $299,900
Square Feet: 1571
Bedrooms: 3
Bathrooms: 1 Baths
Built: 1966
Features: Super clean and tastefully upgraded! Nothing to do but move in! 3 bedrooms with so many recent improvements. Soft close premium hardwood cabinets/granite/beautiful back splash, and stainless steel appliances with side deck off entrance to kitchen. Newer contemporary style oak stair railings. Newer doors, trim, roof (2016) soffit, fascia, and gutters (2013) Side deck with view of nothing but trees. Home right behind the wooded area of the Maywood Sportsmen's Club. New A/C and HWH 2019. Lower level exterior entrance to back yard. Large 2.5 car detached garage and nicely landscaped yard. Come look! You won't be disappointed.
This listing originally appeared on realtor.com. For more information and photos, click here.
720 Quail Crest Drive, Walnut Creek; $1.8 million; 4 bedrooms, 3 bathrooms in 3,703 square feet; built in 1993 on 0.27 acres; recently remodeled boasts curb appeal, including a front covered porch; interior features a dramatic two-story foyer detailed millwork and refinished hardwood floors; formal living room includes fireplace; gourmet eat-in kitchen has large center island, new quartz countertops, backsplash and stainless-steel appliances, and a walk-in pantry; family room boasts extensive built-ins as well as a fireplace; main level includes one bedroom and a full bathroom as well as an office; master suite includes a remodeled bathroom with new floors, dual sinks, vanity, soaking tub and shower; secondary bathrooms have all been updated; backyard boasts a pool, spa, waterfall, patios and low-maintenance lawn.
Click here to view transactions from previous weeks.
The cost of investing in all new smart appliances is hard to justify if you're already happy with the ones you've got. TP-Link's Kasa Smart Plugs can bring some new functionality to those gadgets, and a two pack is only $20 right now — back down to its lowest price ever. If you've ever wanted to monitor and control your appliances from your phone, this is an easy way to start doing it.
Using the accessory is simple: plug an appliance into the smart plug, then connect it to an outlet. Once it's plugged in, download TP-Link's Kasa app (iOS and Android), and run through a quick setup process that connects the smart plug to your WiFi network.
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Once connected, you can control the Smart Plug from your smartphone, or by linking it to an Amazon Echo. The control is limited to turning it on and off, or putting it on a schedule, but that's still pretty powerful.
For instance, you could set your coffee maker to turn on right as you wake up, so it's ready when you come downstairs. Or, you could check to see if you turned the stove off before you left the house. If not, you can turn the power off from your car instead of going back home to check.
TP-Link's Smart Plugs are a great way to start or expand your smart home, and they rarely go on sale. There's no indication of when this deal will be over, or when stock will run out, so if you want to take advantage of it you should do it sooner than later.
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Are you one of the many Americans who has found solace in baking while stuck at home? Cookies, cake, bread and pie have long been considered comfort foods. Even the DoubleTree chain has released the recipe for its popular chocolate chip cookies to the public. While you can't check into a hotel for these gooey treats during the pandemic, at least you can now check out its website for how to make them in your own kitchen.
If you're new to baking – and you've found your own pandemic-scarce flour source – these pro tips can help you create a baking center in your kitchen now. If you find that you love it, and want to continue even after your favorite bakery reopens, consider the tips for designing a complete baking center into your next kitchen project.
Getting Started
James Beard Foundation Awards nominee, judge, and longtime food writer Lisa Chernick's new book, Your Starter Kitchen (Tiller Press, August 2020), shares insights on what you need, what you don't, and when to save or splurge for those setting up their own kitchen. She offers her advice to Forbes.com readers for getting equipped for baking. "Beginner bakers should keep it simple! Be realistic about the projects you want to tackle and buy gear for those; don't go nuts," she cautions.
"Start with a loaf pan for tea cakes or banana bread, an 8- or 9-inch square baking pan for brownies, a 9- by 13-inch rectangular pan for sheet cakes and fruit crumbles, a rimmed baking sheet for cookies (and to make granola!), and round 8- or 9-inch pan(s) for layer cakes. It's also good to have a pie plate and a muffin tin. You can wait on more esoteric stuff like springform pans for cheesecake, tart pans, and madeleine forms, to name a few."
Chernick adds, "You'll also need a whisk, rubber scraper, mixing bowls, two sets of dry measuring cups/spoons (having two means not having to stop and wash midway through a recipe), liquid measuring cup(s), parchment paper for lining pans, an electric mixer (handheld is fine), and at least one cooling rack."
Professional chef and trainer Bridget Bueche of Cooks Perspective agrees: "I am not a fan of buying small appliances as a trendy whim. If someone is going to start baking, invest in quality equipment for the long term. Buy one piece at a time and build as you go," she advises. "A stand mixer is a better investment than a cumbersome one-size-fits all bread maker," Bueche observes. "For artisan bread baking, proofing baskets and a quality cast iron pot with a lid is the best investment that allows you to use a standard oven." Baking steels and pizza stones turn a conventional oven into a baker's oven by distributing heat more evenly & efficiently, she notes.
Organizing Tips
Creating a baking center in your kitchen isn't just about the gear itself. It's also about how and where you store it. Your goal is convenience, so that baking continues to be more of a pleasure than a chore. "Store your baking sheets, cooling racks, and muffin tins vertically for easy access and to save space," Chernick recommends. It's not uncommon for a kitchen to have base cabinets that are too narrow for storing pots and pans. If yours does, and it's located close to the oven or your preferred prep space, it can be repurposed by removing the center shelf and installing a DIY-friendly tray divider. If yours doesn't have such a cabinet, the otherwise hard-to-use space above a wall oven or over-the-range microwave can make a good home for a divider and vertical storage.
To save additional space, the author suggests, "Buy stackable mixing bowls and measuring gear. And know that two baking sheets take up nearly the same space as one, so keep two on hand and you'll be glad whenever you're baking cookies." You'll want to keep those, along with your non-refrigerated baking ingredients, in close proximity to each other to make the prep process as efficient as possible.
Saves and Splurges
"The best way to save on baking gear is to not over-buy!" Chernick declares. That means no fancy pans or decorating equipment until you actually need it, she notes. "Instead, splurge on high-quality basics and you'll only need to buy them once; well-constructed gear can last a lifetime. If you're looking for a super big splurge, go for a stand mixer – it's like a Rolls Royce for your kitchen," she shares.
"Vermicular is my hands-down favorite small appliance at this time," shares Bueche. "It's a portable induction unit with an incredible Japanese-crafted enameled cast iron vessel. I use it for everything from baking bread in my oven to melting butter or coconut oil, tempering chocolate, making yogurt, cooking grains or searing then slow-cooking proteins." The chef-trainer adds, "Baking steels and pizza stones turn a conventional oven into a baker's oven by distributing heat more evenly and efficiently."
Revealing one of her trade sources, Bueche suggests, "Chefs' Toys is a great place to buy online pro-style baking equipment and tools at a great value. Beginners and seasoned bakers alike want easy to clean and reliable equipment."
Post-Pandemic Baking Center
All of the tools Chernick recommends should earn a place in a long-term baking center, if this hobby becomes a lifelong passion. Many serious home bakers have gone beyond the basics, asking their builder or remodeler to create a baking center in their new kitchens.
When creating a plan from scratch, you can determine where your storage, prep space and appliances should go in relation to each other. A baking center should be designed around your oven (or ovens) with the following essentials:
Clear countertop space for mixing ingredients
Electrical outlets
Task lighting
Drawer storage with organizers for small baking tools like whisk, measuring spoons, mixing spoons, scraper, etc.
Deeper storage for larger items like mixing bowls, loaf pans, measuring cups and handheld mixer
Tall storage for baking trays, muffin tins and other vertically-held items
Anti-fatigue mat for standing for long periods while mixing your ingredients.
If your budget allows for a larger investment, these additions can make your baking center work even better:
Engineered stone countertops won't ever need to be sealed; some hybrids like Dekton handle heat from pans out of the oven exceptionally well
Base cabinet mixer lift
Roll out-tray divider if storing your bakeware vertically in a base cabinet
Spice organizer
Base cabinet roll-out trays, pull-out or deep drawers for holding staples like flour, sweetener, oil, etc.
Under-counter fridge for cold staples like butter and milk
Compact dishwasher for cleaning large bowls and pans
Cookbook or phone/tablet holder to keep them clean while referring to recipes
Pro Appliance Advice
Bueche works has decades of experience helping appliance retailers train non-chefs on using the cooking and baking models they sell. (She was one of the founding executives of the luxurious, experiential Pirch showrooms.) When it comes to appliances you should consider for your future kitchen's baking center, she recommends, "A new or remodeled kitchen should not be without a convection steam oven! It's a baker's best friend!" This oven will also perfectly reheat foods, including day-old bread, she says. "It's the best clean food reheating technology out there, none-the-less a super sanitizer!"
Another feature these convection steam ovens — also called combi-steam ovens — offer is the ability to combine dishes in the same cooking cycle without odor transfer. In other words, if you're making sole almondine, baked asparagus with parmesan, fresh bread, and strawberry tarts for dessert, you can make them all at the same time in the same oven. That's a tremendous convenience and energy saver.
If you're working with a limited footprint, Bueche notes that "There are several major brands that inject bursts of steam in their ranges for bread-baking specifically. Convection baking modes have become a standard in almost every oven on the market."
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We're spending more time in our kitchen than ever before, and we're utilizing all the gadgets in our arsenal to make our home-cooked meals as special as can be. If you were eating out every night and you're now finding yourself in an understocked kitchen, now's the time to shop for new appliances. There are so many great staples at Wayfair, and some are even on sale, so now's the time.
From classic KitchenAid mixers to coffee machines and ice cream makers that are perfect for summer, these 13 picks are what your kitchen has been looking for. We've got our eyes on a food processor so we can make our own peanut butter and a Vitamix that's on sale in a major way. Just keep reading to shop.
