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Those include weak macroeconomic conditions in Germany, Wayfair’s low brand awareness and the company’s limited scale. “We concluded that achieving market-leading growth in Germany remained ...

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 ...

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 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 ...

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 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 ...