Wayfair Plans Germany Exit, Job Cuts

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 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 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 exits German market and cuts hundreds of jobs
Wayfair has faced significant challenges in expanding its market presence and enhancing unit economics in Germany.
Wayfair’s Strategic Exit from Germany: A Boost to US Operations and Profitability
Mizuho Securities analyst David Bellinger has maintained their bullish stance on W stock, giving a Buy rating on January 10.Stay Ahead of the
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.
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 to lay off hundreds as it leaves German market
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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 to exit Germany, affecting 730 jobs
The retailer plans to reinvest the savings from the move into expanding its physical footprint, growing its loyalty program and other initiatives.
Wayfair Waves Goodbye To Germany - Here's Why
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Wayfair price target raised to $51 from $44 at BofA
BofA raised the firm’s price target on Wayfair (W) to $51 from $44 and keeps a Neutral rating on the shares. The firm notes that on Friday, ...