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 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 ...

The retailer plans to reinvest the savings from the move into expanding its physical footprint, growing its loyalty program ...

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

The company said, “As we begin the new year, I want to share an update regarding our business. After careful consideration, we made the ...

The new layoffs follow close to 4,000 jobs cut across the company last year ... not grown as quickly in Germany as in other markets, Wayfair said. “In our recent assessment, we concluded that ...

US-based online furniture retailer Wayfair is withdrawing from the German market, impacting hundreds of jobs in the country. The decision comes as the company navigates the lingering effects of ...