Wayfair announces departure from German market
Adrian Bogdan
Jan. 10 (UPI) -- Wayfair announced on Friday that it was leaving the German market after 15 years, citing lagging sales compared to Britain and "weak macroeconomic conditions" in the country. Co-founder and CEO Naraj Shah said while Wayfair has found success in Britain, the same has not followed in Germany and the decision has been made to reallocate resources where future growth potential is best. Advertisement Shah did not mention how many employees would be laid off or any financial details
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