Market ChallengesWayfair announced that it would be ceasing operations in Germany, effective immediately, due to market-leading growth efforts lagging in potential returns and proving too costly.
Profitability ConcernsExiting Germany is not expected to benefit earnings, at least in the near-term, which may be viewed as disappointing.
Revenue DeclineThe company's revenue is expected to decline 2.1% year-over-year in the fourth quarter as weakness in the Home category persists.