While the home furnishings category may manage a slight comeback this year, Wayfair has more challenges than most.

The decision comes after evaluating the company’s performance and market conditions in Germany, where progress was slower than in other regions. Wayfair’s efforts in Germany lagged due to ...

Wayfair CEO and co-founder Niraj Shah said in a memo to employees: “Germany has been an important part of our journey for the past 15 years, serving as one of our original entry markets into ...

Despite years of effort, online sales and awareness of its brand have not grown as quickly in Germany as in other markets, Wayfair said. “In our recent assessment, we concluded that achieving ...

Wayfair will incur aggregate charges ranging from $102 million to $111 million to exit Germany. The costs include $62 million to $67 million in mostly non-cash charges for facility wind downs and ...

Wayfair is exiting Germany and plans to cut as many as 730 jobs, or 3% of its global workforce. The online home goods company wants to reprioritize investments and sees a better return on other ...