by Mike Duff | Feb 25, 2022 | Featured News, Retail Articles
Wayfair posted a fourth-quarter loss that exceeded Wall Street expectations as it moves forward with big plans to open several physical stores. Wayfair’s net loss for the quarter was $202 million, or $1.92 per diluted share, versus net income of $24 million, or...
by Mike Duff | Feb 21, 2022 | Retail Articles
At a time when the company is adding fresh faces to boost its e-commerce, Bed Bath & Beyond announced that it has appointed Minesh Shah, chief operations officer at Stitch Fix to its board of directors, effective March 1. Stitch Fix is an e-commerce operation that...
by Mike Duff | Jan 27, 2022 | Home + Housewares, Retail Articles
Wayfair has appointed Fiona Tan chief technology officer to succeed Jim Miller on March 1. Tan joined Wayfair in 2020 as global head of customer and supplier technology working closely with Miller as the planned successor in the CTO role. Miller will remain at Wayfair...
by Mike Duff | Nov 19, 2021 | Featured News, Retail Articles
In what it termed a move to accelerate its health strategy, CVS Health announced that it would develop new retail concepts, close 900 stores and replace Neela Montgomery, evp and president of CVS Retail/Pharmacy. Prem Shah will take the newly created role of chief...
by Mike Duff | Nov 4, 2021 | Retail Articles
As consumers changed their shopping patterns in a market less threatened by COVID-19, Wayfair took a step back in both revenues and earnings during the third quarter, although profits did beat a Wall Street estimate. Net loss was $78 million, or 75 cents per diluted...
