Wayfair announced Dr. Thomas Netzer will step down as COO by year’s end, at which time the company will further integrate customer- and supplier-focused activities with supply chain by moving current Chief Commercial Officer Jon Blotner to president, commercial and...
Wayfair turned in an adjusted profit in the third quarter and beat or equaled Wall Street earnings and revenue expectations. Net loss was $74 million, or 60 cents per diluted share, versus a net loss of $163 million, or $1.40 per diluted share, in the quarter a year...
Wayfair, which came up short of Wall Street second-quarter estimates despite strong adjusted earnings gains, pointed to positive prospects from an expected turnaround in home furnishings spending. Net loss was $42 million, or 34 cents per diluted share, versus a net...
Wayfair, after cutting its losses in its fourth quarter, reported it is preparing for a year ahead that will include further business improvements and the launch of new initiatives, including the first Wayfair banner store and a brand refresh. Net loss was $174...
As it continues a series of actions initiated in 2022, Wayfair stated it would reduce its global workforce by 13%. After an organization-wide analysis of workforce size and structure, the company decided to layoff 1,650 employees, Wayfair stated. The layoffs will most...
