by Mike Duff | May 4, 2023 | Featured News, Retail Articles
The previously announced return-to-profits initiative by Wayfair took a step forward as the company reduced adjusted losses and bested Wall Street expectations for the first quarter. Net loss in the quarter was $355 million, or $3.22 per diluted share, versus $319...
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 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...
by Peter Giannetti | Nov 8, 2022 | HomePage Views
Big plans in business are often easier said than done. On top of that, near-term needs can become so unexpectedly urgent that they can cloud sensible strategic vision for the long term. Wayfair is hoping to convince stockholders, employees, suppliers and other...
