Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
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 eyes physical retail as it slashes over 700 jobs
Budget-furniture seller Wayfair (W) is shifting its focus toward physical retail stores and North American markets as it cuts over 700 jobs and exits Germany.
Wayfair Closes German Business to Focus on Other International Markets
Wayfair is exiting Germany, where it has operated for 15 years, after failing to turn the company “into a household brand” in the market.
Wayfair Is Exiting Germany, Cutting 730 Jobs. The Stock Falls.
Wayfair stock fell Friday morning after the online furniture seller said it was shutting down its business in Germany and cutting a little over 700 jobs in a bid to focus on more profitable growth areas.
Wayfair exits German market
However, despite these efforts, scaling our market share and improving our unit economics in the German market has proven challenging due to factors
Wayfair pulling out of Germany, cutting hundreds more jobs
The cuts follow thousands of jobs eliminated across the online furniture seller worldwide over the past two years.
Wayfair’s Strategic Exit from Germany: A Positive Step Towards Enhanced Profitability
In a report released yesterday, Simeon Gutman from Morgan Stanley maintained a Buy rating on Wayfair (W – Research Report), with a price target
Online furniture retailer Wayfair to lay off 730 workers on its exit from Germany
Online furniture retailer Wayfair said on Friday it would lay off 730 employees as it exits the German market to focus on investments in core businesses.
Wayfair Announces 3% Workforce Reduction and Exit from German Market Amid Ongoing Challenges
Wayfair, the prominent U.S.-based e-commerce company specializing in home goods, has announced plans to reduce its global ...
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