While the home furnishings category may manage a slight comeback this year, Wayfair has more challenges than most.
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.
Wayfair has faced significant challenges in expanding its market presence and enhancing unit economics in Germany.
The cuts follow thousands of jobs eliminated across the online furniture seller worldwide over the past two years.
Wayfair has decided to exit the German market. The company will now focus on its more established international markets, including Canada, the UK, and Ireland.
Mizuho Securities analyst David Bellinger has maintained their bullish stance on W stock, giving a Buy rating on January 10.Stay Ahead of the ...
Wayfair Inc. ( NYSE: W) announced on Friday its decision to exit the German market. The online retailer said the pullout from Germany will be effective immediately.
Wayfair will close two returns outlets — one at Tanger Outlets Deer Park that will close Wednesday and one in Kentucky that ...
Wayfair is exiting Germany, where it has operated for 15 years, after failing to turn the company “into a household brand” in the market.