Wayfair

Wayfair Announces Fourth Quarter and Full Year 2023 Results, Returns to Positive Year-Over-Year Active Customer Growth

Retrieved on: 
Thursday, February 22, 2024
LTM, International, Wayfair, Total, Adjustment, Investment, Video game

BOSTON, Feb. 22, 2024 /PRNewswire/ -- Wayfair Inc. ("Wayfair," "we," or "our") (NYSE: W), one of the world's largest destinations for the home, today reported financial results for its fourth quarter and full year ended December 31, 2023.

Key Points: 
  • BOSTON, Feb. 22, 2024 /PRNewswire/ -- Wayfair Inc. ("Wayfair," "we," or "our") (NYSE: W), one of the world's largest destinations for the home, today reported financial results for its fourth quarter and full year ended December 31, 2023.
  • "Even in a difficult macro environment, we generated a 3% Adjusted EBITDA Margin and had our third consecutive quarter of positive Adjusted EBITDA and Free Cash Flow.
  • "Our efforts over 2023 led to large improvements in our core recipe across availability, speed and price competitiveness.
  • These improvements were directly responsible for our robust share expansion throughout the year and for the step-up we saw in customer loyalty, including year-over-year growth in our active customer count by the fourth quarter."

Global Sources invites buyers worldwide to explore Vietnam's must-attend sourcing expo

Retrieved on: 
Tuesday, February 20, 2024
OEM, Fashion, Wayfair, Nike, Global Sources, Season, Convention center, Gap, The Home Depot, ODM, Walmart, Exhibition, VIP, OBM, Target, Clothing

Vietnam's must-attend sourcing expo dedicated to international sourcing, this year's fair promises an unparalleled increase in scale, doubling the magnitude of its highly successful predecessor in 2023.

Key Points: 
  • Vietnam's must-attend sourcing expo dedicated to international sourcing, this year's fair promises an unparalleled increase in scale, doubling the magnitude of its highly successful predecessor in 2023.
  • This global celebration of sustainable and export-ready products spans Home & Furniture, Gifts & Handicrafts, and Fashion & Textiles.
  • This event establishes a platform for face-to-face connections with verified suppliers, providing overseas buyers with the opportunity to source OEM, ODM, OBM, and export-ready products.
  • In addition, a range of digital services, including GlobalSources.com and the Global Sources app, is all set to offer a superior trade experience for global buyers and suppliers both during and after the shows.

Kafene Expands Executive Leadership Team by Appointing Vin Thomas as General Counsel, Tony Cerino to Scale Enterprise Partnerships

Retrieved on: 
Tuesday, February 6, 2024
Leg, Growth, Marketing, Senior, General counsel, Bachelor, Troutman Pepper, Mercer University, Corporation, Wayfair, Entrepreneurship, Business development, Raymour & Flanigan, Sale, Sherwin-Williams, University

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Kafene, a point-of-sale leasing platform that helps retailers offer underserved customers more flexible purchase options through lease-to-own ("LTO") agreements, today announced the appointments of Vin Thomas as General Counsel & Corporate Secretary and Tony Cerino as Senior Vice President of Partnerships.

Key Points: 
  • Thomas will build and lead Kafene's legal and compliance function, and Cerino will scale the company's enterprise sales team as Kafene increasingly seeks to partner with America's best-known retailers.
  • Before Troutman, Thomas was the General Counsel & Corporate Secretary for PROG Group Holdings, a large lease-to-own provider.
  • Thomas previously was General Counsel & Corporate Secretary for TitleMax, one of the largest retail consumer lenders in the Southeast.
  • "We are thrilled to welcome Tony and Vin to the Kafene team," said Neal Desai, Co-Founder and Chief Executive Officer, Kafene.

Mercury Has Built a Leadership Team to Simplify Logistics for Healthcare and Life Sciences Companies

Retrieved on: 
Tuesday, February 6, 2024
Biotechnology, Medical Devices, Health, Science, Other Science, Senior, Travel, CMO, Walking, Transport, B2B, TTA, UCLA, Dog, Bryant University, Coach, Portal, Intertek, Software, Organization, Family, Harvard Business School, Amazon, Isenberg School of Management, CPO, Acquisition, University, UX, Business, PTC, Robotics, Army, Buffalo State University, CAE, Skiing, Marketing, Digital marketing, Bentley University, Water, Communication, Creativity, Bilkent University, SimpliSafe, Attention, Bachelor, Electrical engineering, Electronics, Love, MBA, Wayfair, TIC, Management

With this, Mercury has built a leadership team to simplify logistics for healthcare and life sciences companies.

Key Points: 
  • With this, Mercury has built a leadership team to simplify logistics for healthcare and life sciences companies.
  • Mercury’s Leadership Team is comprised of:
    Josh Medow, CEO, is a former Army officer turned entrepreneur who has been leading Mercury since 2020.
  • She was the visionary behind Mercury's pivot in the early 2000s to focus on the life sciences and healthcare industries.
  • Mercury is a global logistics company specializing in time- and temperature-sensitive shipping for biotech and life science research, clinical trials, diagnostics, and medical device companies.

SPANX Appoints Cricket Whitton as CEO and Names Veteran Brand Transformation Leader Jeanne Jackson as Executive Chair

Retrieved on: 
Monday, February 5, 2024
Monster Beverage, Growth, Family, NIKE, Saks Fifth Avenue, SPANX, Wayfair, Nike, Bloomberg Businessweek, Delta Air Lines, Walmart, Cricket, Herman Miller, Gap, The Walt Disney Company, Woman, Management

ATLANTA, Feb. 5, 2024 /PRNewswire/ -- SPANX, LLC, the globally renowned lifestyle brand, and leader in shapewear, announced its next generation of leadership.

Key Points: 
  • ATLANTA, Feb. 5, 2024 /PRNewswire/ -- SPANX, LLC, the globally renowned lifestyle brand, and leader in shapewear, announced its next generation of leadership.
  • The Board of Directors has appointed Caroline (Cricket) Whitton to Chief Executive Officer and Jeanne Jackson as Executive Chair.
  • "I am so happy to announce Cricket as the CEO of SPANX.
  • Jeanne Jackson brings decades of executive leadership experience at leading apparel, retail, and lifestyle brands.

Great Hill Partners Welcomes Atle Skalleberg as Executive-in-Residence

Retrieved on: 
Tuesday, January 30, 2024
Banking, Technology, Professional Services, Other Health, Health, Electronic Commerce, Digital Cash Management, Digital Assets, Other Technology, Software, Fintech, Finance, Multimedia, Interim, Growth, Travel, Flight Centre, Executive education, Digital, Music, Boston University, Investment, Atle, Momondo, Wayfair, Acquisition, MIT, BI Norwegian Business School, Sport, Student, E-commerce, ASX, Online shopping

Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, today announced that Atle Skalleberg has joined the firm as an Executive-in-Residence.

Key Points: 
  • Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, today announced that Atle Skalleberg has joined the firm as an Executive-in-Residence.
  • In this role, Mr. Skalleberg will work with Great Hill to identify and pursue investment opportunities within the global travel industry alongside other businesses with direct-to-consumer or marketplace business models.
  • View the full release here: https://www.businesswire.com/news/home/20240130026967/en/
    Mr. Skalleberg joins Great Hill after nearly two decades as an experienced eCommerce operator.
  • “Atle brings a differentiated perspective and extensive experience in scaling and accelerating growth across a broad range of global direct-to-consumer and marketplace businesses,” said Michael Kumin, Managing Director at Great Hill Partners.

Impact Podcast with John Shegerian Features Bertrand Blaise of Stellantis

Retrieved on: 
Thursday, January 25, 2024
Environment, Other Communications, Entertainment, Thought Leadership, Communications, Professional Services, Sustainability, Social Media, Podcast, AT&T, Blaise, Gap Inc., ABM, General Mills, Ball Corporation, Wayfair, T-Mobile, TIME, Seventh generation, Virginity, Gensler, McKinsey & Company, Colgate-Palmolive, Dell, JetBlue, Wells Fargo, Best Buy, ITT, The Home Depot, ERI, Procter & Gamble, HP, The Hershey Company, UPS, CSR, BMW, Hertz, Ford, Kimberly-Clark, HubSpot, Entrepreneurship, Molson Coors, Google Podcasts, Texas Instruments, IBM, Panasonic, ESPN, Intel, Freedom, Adobe, FedEx, T. Rowe Price, Verizon Communications, GoDaddy, Comerica, Amazon Music, General Motors, Lyft, Johnson & Johnson, Salesforce, EBay, Merck, Music

Bertrand Blaise, Chief Communication and CSR Officer for Stellantis , is a featured guest this week on the Impact Podcast with John Shegerian .

Key Points: 
  • Bertrand Blaise, Chief Communication and CSR Officer for Stellantis , is a featured guest this week on the Impact Podcast with John Shegerian .
  • Blaise has built his entire career path within the field of product and corporate communication in the automotive, railway and energy sectors, working in Europe and Asia Pacific.
  • On the podcast, he shared information about Stellantis’ innovative Freedom of Mobility Forum, designed to engage everyone wishing to contribute to building and promoting sustainable mobility for all.
  • The Impact Podcast with John Shegerian is available for listening on ImpactPodcast.com , Apple’s iTunes , Amazon Music, Google Podcasts , Spotify , libsyn , and as part of iHeartRadio’s digital broadcast, reaching over 120 million users.

Tesla, Ford, Wayfair Lead Americas in Most Shorted Stocks in 2023, Hazeltree Year in Review Report Finds

Retrieved on: 
Thursday, January 18, 2024
Software, Data Analytics, Finance, Asset Management, Data Management, Professional Services, Technology, Fintech, Commonwealth Bank, Wayfair, Name, Ford, Tokyo Electric Power Company, Delivery Hero, Siemens Healthineers, Cryptocurrency

In the Americas, Tesla, Ford, and Wayfair topped the Americas large-cap list for most shorted stocks, while in EMEA, Siemens Healthineers, Fastighets AB, and Alstom were among the top five most shorted.

Key Points: 
  • In the Americas, Tesla, Ford, and Wayfair topped the Americas large-cap list for most shorted stocks, while in EMEA, Siemens Healthineers, Fastighets AB, and Alstom were among the top five most shorted.
  • Other highlights from the 2023 report include:
    2023’s most shorted stocks featured familiar names like Tesla, Ford, and Wayfair – with Hazeltree Crowdedness Scores of 98, 88, and 73, respectively.
  • These three stocks also all appeared as most shorted stocks in 2022 – with Hazeltree Crowdedness Scores of 99 (Tesla), 79 (Ford) in large-cap, and 99 (Wayfair) in mid-cap.
  • In small-cap, Money Forward (92) also appeared in the 2022 list of most shorted stocks with a Hazeltree Crowdedness Score of 78.

Wayfair Schedules Fourth Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Wednesday, January 24, 2024
Wayfair

BOSTON, Jan. 24, 2024 /PRNewswire/ -- Wayfair Inc. (NYSE:W), one of the world's largest destinations for the home, today announced that it will release financial results for its fourth quarter ending December 31, 2023 before the opening of the market on February 22, 2024.

Key Points: 
  • BOSTON, Jan. 24, 2024 /PRNewswire/ -- Wayfair Inc. (NYSE:W), one of the world's largest destinations for the home, today announced that it will release financial results for its fourth quarter ending December 31, 2023 before the opening of the market on February 22, 2024.
  • Wayfair will host a conference call at 8 a.m.
  • ET on Thursday, February 22 to review results.
  • Investors and participants can register for the call in advance by visiting https://bit.ly/47KJJ7Z .

Wayfair Announces Workforce Realignment Plan

Retrieved on: 
Friday, January 19, 2024
Customer service, Workforce, Wayfair, Administration, Public expenditure, Life insurance

BOSTON, Jan. 19, 2024 /PRNewswire/ -- Wayfair Inc. (NYSE: W), one of the world's largest destinations for the home, today announced details related to right-sizing its cost structure, following the series of actions originally initiated in August 2022. After a comprehensive, organization-wide analysis of the appropriate team size and structure, the company announced a workforce reduction involving approximately 1,650 employees, representing approximately 13% of its global workforce and approximately 19% of its corporate team, in each case as of December 31, 2023. This action is expected to deliver annualized cost savings of more than $280 million.

Key Points: 
  • "Earlier today I sent a note to all Wayfair employees detailing today's action and the rationale behind it, which is available for everyone to read on our company site.
  • As a result, we're reducing team sizes across the organization, as well as reducing seniority in certain roles that we plan to rebuild with modified leveling over the course of this year," commented Shah, CEO, co-founder, and co-chairman, Wayfair.
  • Shah continued, "To our colleagues departing Wayfair, I want to thank you for your incredible contributions to Wayfair and to our customers.
  • Wayfair will provide full results for the quarter and year ended December 31, 2023 on its February 2024 earnings call.