Wayfair is exiting the German market and plans to cut as many as 730 jobs, or about 3% of its global workforce, as it looks to focus on new growth drivers such as physical retail, the company said ...

Along with the U.K., Germany was part of Wayfair’s inaugural international market expansion 15 years ago. However, Shah said its success in the U.K. eclipsed its performance in Germany.

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 ...

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 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 ...

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 ...

In a memo to employees shared with CNBC, founder and CEO Niraj Shah said it would take too much time and money for Wayfair to expand its business in Germany and the company's dollars would be ...