Wayfair CEO Niraj Shah, in announcing the company’s year-over-year loss increased and revenue slipped year in the fourth quarter, said the retailer had adjusted operations for greater efficiency and to generate better results. Wayfair CEO Niraj Shah, in...
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...
At a time when retailers and their suppliers are moving to address the environmental concerns more consumers are expressing, Wayfair is helping its shoppers more easily connect with eco-friendly products through the refinement of its Shop Sustainably initiative. ...
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...
Online retailers continue to launch and expand physical store concepts, as is the case with eBay, which is opening the Luxury Exchange in New York City to capitalize on the skyrocketing value of authenticated luxury items by letting shoppers exchange goods from top...
