Wayfair to exit Germany, cut 730 jobs

Wayfair Plans Germany Exit, Job Cuts: Retail Sentiment Improves
Shares of the U.S.-based company rose on Friday as furniture retailer Wayfair ($W) announced it will lay off 730 people as part of its plans to exit operations in Germany and focus on core business, lifting retail sentiment.
Wayfair’s Strategic Exit from Germany: A Positive Step Towards Enhanced Profitability
In a report released yesterday, Simeon Gutman from Morgan Stanley maintained a Buy rating on Wayfair (W – Research Report), with a price target
Wayfair pulling out of Germany, cutting hundreds more jobs
The cuts follow thousands of jobs eliminated across the online furniture seller worldwide over the past two years.
Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
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 to leave German market, cut 730 jobs
The company said, “As we begin the new year, I want to share an update regarding our business. After careful consideration, we made the
Online furniture retailer Wayfair to lay off 730 workers on its exit from Germany
Online furniture retailer Wayfair said on Friday it would lay off 730 employees as it exits the German market to focus on investments in core businesses.
Wayfair Is Exiting Germany, Cutting 730 Jobs. The Stock Falls.
Wayfair stock fell Friday morning after the online furniture seller said it was shutting down its business in Germany and cutting a little over 700 jobs in a bid to focus on more profitable growth areas.
Wayfair eyes physical retail as it slashes over 700 jobs
Budget-furniture seller Wayfair (W) is shifting its focus toward physical retail stores and North American markets as it cuts over 700 jobs and exits Germany.
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Wayfair announces departure from German market
Jan. 10 (UPI) --Wayfair announced on Friday that it was leaving the German market after 15 years, citing lagging sales compared to Britain and "weak macroeconomic conditions" in the country.
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Wayfair, Inc. Class A
Wayfair, Inc. engages in an online home furnishing store. It operates through the U.S. and International segments. The U.S. segment consists of amounts earned through product sales through the ...
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