Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.
Wayfair has faced significant challenges in expanding its market presence and enhancing unit economics in Germany.
While the home furnishings category may manage a slight comeback this year, Wayfair has more challenges than most.
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 ...
In a report released yesterday, Simeon Gutman from Morgan Stanley maintained a Buy rating on Wayfair (W – Research Report), with a price target ...