Wayfair is cutting 10% of its global workforce, including 18% of its corporate employees. The home goods retailer said in a Friday (Jan. 20) press release that these cuts amount to about 1,750 and 1,200 employees, respectively, and are part of an effort to reduce the layers of...
Apparel retailer TJX reported an increase in sales Wednesday (Nov. 16), a development the company’s CEO attributed to consumers “treasure hunting” for the chain’s off-price offerings. “Looking forward, while not immune to macro factors, we are convinced that our flexible business model and value proposition will continue...
B2B eCommerce furniture and home décor marketplace HomeRoots has announced that its payments solution will be powered by B2B payments firm Balance and will bring a buy now, pay later (BNPL) option to its customers. With this new option, HomeRoots customers will be able to...
A business model that’s digital-first, design-led and sustainable is paying off for Williams-Sonoma, the home retailer said Wednesday (Aug. 24) while reporting record second quarter results. During the quarter that ended July 31, the company saw comparable brand revenue growth of 11.3% year over year...
June 16, 2020
The year was off to a flying start for Chairish CEO Gregg Brockway. He said he felt good about the state of the high-end home decor market and his place in what was a rapidly growing eCommerce segment. In January and February, sales were in line with expectations, and good things were about to unfold. […]
June 13, 2023
Overstock.com has put in a $21.5 million bid for some of Bed Bath & Beyond’s assets, including its intellectual property, business internet, and mobile properties, and all business data, CNBC reported Tuesday (June 13). This comes after the bankrupt retailer sought Chapter 11 protection in April, following months of failed turnaround efforts and bankruptcy warnings. […]
January 20, 2023
Wayfair is cutting 10% of its global workforce, including 18% of its corporate employees. The home goods retailer said in a Friday (Jan. 20) press release that these cuts amount to about 1,750...
November 16, 2022
Apparel retailer TJX reported an increase in sales Wednesday (Nov. 16), a development the company’s CEO attributed to consumers “treasure hunting” for the chain’s off-price offerings. “Looking forward, while not immune to...
November 09, 2022
B2B eCommerce furniture and home décor marketplace HomeRoots has announced that its payments solution will be powered by B2B payments firm Balance and will bring a buy now, pay later...
