Wayfair shares surge after furniture retailer cuts losses by more than $100 million
Article Analysis: Highlights: 1. Wayfair, the online furniture retailer, reported a decrease in sales during the first quarter but managed to reduce its losses after cutting 13% of its workforce at the beginning of the year. 2. Despite the drop in sales, Wayfair surpassed Wall Street’s expectations with a loss per share of 32 cents […]
