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Stay in the know with our weekly roundup of headlines, launches, events, recommended reading and more. Wayfair is exiting the German market, with CEO and co-founder Niraj Shah citing a poor outlook ...
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Since a short-lived sales boom led to over-hiring during the pandemic, online furniture seller Wayfair has spent the past two years trying to get back on track and improve profitability.
Germany was one of the first markets Wayfair entered in Europe, along with the UK; however, Shah said that over the years the brand’s success in the UK outpaced that in Germany. The company made a ...
Wayfair says it expects that about half of the impacted positions will be relocated to other corporate offices. Wayfair is exiting the German market in a move that will impact over 700 employees ...