Wayfair retrenching from growth phase

The online home furnishing retailer opened a Jacksonville distribution center in 2020.


  • By
  • | 8:58 a.m. January 25, 2024
  • | 0 Free Articles Remaining!
Wayfair Inc. opened a Jacksonville distribution center in 2020.
Wayfair Inc. opened a Jacksonville distribution center in 2020.
  • Columnists
  • Basch Report
  • Share

Wayfair Inc. opened a Jacksonville distribution center in 2020 as part of a growth phase for the Boston-based online home furnishings retailer.

However, CEO Niraj Shah now says the company overdid it, and Wayfair has been retrenching operations.

Wayfair announced Jan. 19 it will reduce employment by about 1,650, or 13% of its global workforce.

Continue reading your article
with a JAX Daily Record subscription.
What's included:
  • ✓ Unlimited digital access to JaxDailyRecord.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed printed newspaper every Thursday

 

Sponsored Content

×

Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.