As Wayfair works to streamline its cost structure, the company plans to lay off 10% of its global workforce, a total of 1,750 employees, as part of plans to generate more than $1.4 billion in annualized cost actions. The cost-cutting plan, initiated in August 2022 is...
From Thanksgiving through Cyber Monday, Wayfair managed a low single-digit sales increase in sales from the United States versus the same time period in 2021 with Black Friday coming in as the biggest of the five-day period in terms of revenue generation. Repeat...
Big plans in business are often easier said than done. On top of that, near-term needs can become so unexpectedly urgent that they can cloud sensible strategic vision for the long term. Wayfair is hoping to convince stockholders, employees, suppliers and other...
After the company narrowly beat Wall Street estimates despite recording a loss, Wayfair CEO Niraj Shah detailed plans for a quick recovery of the company’s financial fortunes. Net loss in the quarter was $283 million, or $2.66 per diluted share, versus a net loss of...
Wayfair posted a loss in the second quarter that got people buzzing about its ability to operate profitably and advance its business model in the middle and long term. The company, however, just detailed some near-term initiatives intended to turn around its numbers...
