by Mike Duff | Feb 22, 2024 | Featured News, Retail Articles
Wayfair, after cutting its losses in its fourth quarter, reported it is preparing for a year ahead that will include further business improvements and the launch of new initiatives, including the first Wayfair banner store and a brand refresh. Net loss was $174...
by Mike Duff | Jan 19, 2024 | Featured News, Retail Articles
As it continues a series of actions initiated in 2022, Wayfair stated it would reduce its global workforce by 13%. After an organization-wide analysis of workforce size and structure, the company decided to layoff 1,650 employees, Wayfair stated. The layoffs will most...
by Mike Duff | Nov 1, 2023 | Featured News, Retail Articles
The third quarter saw Wayfair top a Wall Street estimate on earnings as revenues came up a bit short. Net loss was $163 million, or $1.40 per diluted share versus a net loss of $283 million, or $2.66 per diluted share, in the year-prior quarter. Adjusted for one-time...
by Mike Duff | Aug 3, 2023 | Retail Articles
With an eye to increasing momentum, Wayfair gained traction on its turnaround strategy in the second quarter, posting adjusted profits among its better results and easily beating Wall Street estimates. Net loss was $46 million, or 41 cents per diluted share, versus a...
by Mike Duff | Jun 7, 2023 | Retail Articles
Wayfair has announced that Steve Oblak, chief commercial officer, will retire in the first quarter of 2024 after 14 years of leadership. The company also provided a business update. Jon Blotner Jon Blotner will become Wayfair’s new chief commercial officer, the...