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DeepNewz, mobile.
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Wayfair reported a narrower-than-expected loss, an increase in active customers, and a rise in stock price. Job cuts contributed to increased efficiency. The company highlighted strength in higher-end furniture but acknowledged challenges due to Covid comparisons. Despite reorganization and layoffs, full-year revenue declined. Q4 revenue grew slightly in the US but declined internationally.
.@Wayfair grew Q4 revenue just 0.4%, driven by growth in the United States as international revenue continued to decline. https://t.co/YfKtUn5LjN #ecommerce #earnings #supplychain #onlineretail
Even though Wayfair's reorganization and layoffs cut losses, its full year revenue is still on the decline. @WhoStu analyzes its outlook for 2024, amid changing work patterns and competitive threats: https://t.co/LOvHzxENml https://t.co/Kc8qMHui5c
Though most economists are forecasting a soft landing in 2024, a geopolitical hard landing could get in the way, Jared Cohen writes. https://t.co/C6sVx4ll3I
