by Peter Giannetti | Feb 24, 2023 | Featured News, Home + Housewares, The Inspired Home Show 2023
Wayfair has been an enthusiastic participant in The Inspired Home Show, and the company’s merchandising team once again is ready to use the opportunity provided by the show to build its business beyond the core furniture assortment. “The Inspired Home Show gives us...
by Mike Duff | Feb 23, 2023 | Retail Articles
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...
by Mike Duff | Jan 20, 2023 | Retail Articles
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...
by Chandler Harvey | Dec 21, 2022 | Décor & More, Featured News, Furniture, Home Storage & Organization, Retail Articles
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. ...
by Mike Duff | Nov 30, 2022 | Retail Articles
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...
