Por: Forbes Business February 11, 2023
By Virginia Van Zandt The ways of Wayfair aren’t fair, say a number of its longtime suppliers in a recent federal lawsuit. In legal filings, the embattled online retail giant and the mom-and-pop shippers and warehousers that supply the furniture for its customers have exchanged explosive allegations about fraud, unauthorized access to bank accounts, and a scheme to cut out U.S.-based companies and replace them with others in China. This... + full article
MarketWatch USA Business February 24, 2023
“Wayfair is controlling what it can in terms of headcount, but this category continues to be deprioritized by consumers and therefore increased paid ad spend is necessary to spur demand,” he said. The company disclosed that advertising spending was 13.1% of net revenue in... + más
Wayfair Isn’t Playing Fair, Say Suppliers In Explosive Lawsuit | Forbes
Wayfair, once a growth engine of the city, makes deep cuts as tech sector reels | The Boston Globe
The Boston Globe USA Tech January 26, 2023
Wayfair is expanding its hiring in India at the same time as it is cutting 1,750 jobs, more than half of them in the Boston area, as part of a $1.4 billion cost-savings plan.The Indian workers will staff a new technological development center Wayfair is opening in Bengaluru... + más
Wayfair added to ‘zombie’ stocks list by equity research firm New Constructs | MarketWatch
The Boston Globe USA Tech January 21, 2023
Less than five years ago, Boston online retailer Wayfair was , hiring hundreds of new staff a month and moving into new spaces, such as the massive Boylston Street office complex that once housed Houghton Mifflin Harcourt.Counting its offices in Copley Place, the company was one... + más
Wayfair planning second round of job cuts | The Boston Globe
The Boston Globe USA Tech January 20, 2023
Online retailer Wayfair announced on Friday its second round of layoffs in less than six months, with a plan to cut 1,750 jobs, or 10 percent of the company’s workforce. That includes 937 people who work in Boston or work remotely and report to managers in Boston.Combined with... + más
For Wayfair, it’s layoffs in Boston and new hires in India | The Boston Globe
The Boston Globe USA Tech January 19, 2023
Boston-based Wayfair plans to announce on Friday its second major round of layoffs in less than six months, as the online retailer continues to deal with falling sales and supply chain tangles.The expected cuts follow a by Wayfair in August.The earlier round of cuts, which... + más
MarketWatch USA Business November 15, 2022
“Companies that inherently struggle to produce real cash flows, like Wayfair, are at risk of their stock price going to $0,” wrote New Constructs CEO David Trainer, in a note. Since New Constructs put Wayfair in its “Danger Zone” in March 2015, the stock has outperformed... + más
A Tesla stock plunge could destroy 'zombie stocks' such as GameStop and Peloton, warns equity research firm New Constructs | MarketWatch
CNN USA Business November 03, 2022
New York CNN Business — Wayfair lost more than a million customers during its latest quarter as shoppers . The e-commerce retailer said its active customer count dropped 22.6% during the quarter ending September 30 compared to the same time last year. The company’s sales... + más
Council Post: Navigating The State Tax Landscape: Three Areas Growing Tech Companies Should Focus On | Forbes
Amid slow return to work and recession fears, more companies look to pare back office space | The Boston Globe
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