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Latest W News From Around the Web
Below are the latest news stories about WAYFAIR INC that investors may wish to consider to help them evaluate W as an investment opportunity.
Wayfair restructures, D-Wave soars, Constellation falls shortBrad Smith analyzes the top calls of the day, focusing on Wayfair (W), D-Wave (QBTS), and Constellation Brands. Wayfair has shut down its operations in Germany, effective immediately, with $111 million allocated for restructuring. This will affect about 730 employees. Quantum computing company D-Wave (QBTS) announces its fiscal year 2024 bookings will exceed $23 million, a big jump from last year. Lastly, Constellation Brands (STZ) has lowered its annual sales forecast and profit range after missing several of its third-quarter metrics. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Josh Lynch |
European Equities End Week Lower in Friday Trading; Wayfair Exits German MarketThe European stock markets closed lower in Friday trading as The Stoxx Europe was down 0.83%, German |
Wayfair eyes physical retail as it slashes over 700 jobsBudget-furniture seller Wayfair (W) is shifting its focus toward physical retail stores and North American markets as it cuts over 700 jobs and exits Germany. |
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. The business in Germany will be shut down effective immediately, Wayfair said. As part of the restructuring, the company plans to lay off approximately 730 employees in Germany and Poland, although management expects about half of these positions will be relocated to other corporate offices. |
Update: Wayfair to Exit German Market, Impacting About 730 Employees(Updated to add more details in the fifth and sixth paragraph, and the recent stock move in the last |
Online furniture retailer Wayfair to lay off 730 workers on its exit from GermanyShares of the U.S.-based company were up about 4% in premarket trading. Following the restructuring in Germany, Wayfair expects to take charges of about $102 million to $111 million consisting of employee-related costs as well as non-cash charges related to facility closures and other wind-down activities. Wayfair had about 14,400 employees globally, as of Dec. 31, 2023. |
Wayfair to exit Germany, affecting 730 jobsThe retailer plans to reinvest the savings from the move into expanding its physical footprint, growing its loyalty program and other initiatives. |
Q3 Rundown: Revolve (NYSE:RVLV) Vs Other Online Retail StocksThe end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how online retail stocks fared in Q3, starting with Revolve (NYSE:RVLV). |
Tesla upgraded, ServiceTitan initiated: Wall Street's top analyst callsTesla upgraded, ServiceTitan initiated: Wall Street's top analyst calls |
Wayfair Inc. (NYSE:W): Business Turnaround and Attractive Valuation Make it a Potential MultibaggerA report by ril1212 on ValueInvestorsClub provides an investment thesis for Wayfair Inc. (NYSE:W), a stock that is undervalued by almost 170%. We will summarize the bullish stance of the author in this article. W shares were trading at $48.23 when the valuation was done by ril1212, vs. the closing price of $45.53 on Jan […] |