Welcome to our dedicated page for Williams-Sonoma news (Ticker: WSM), a resource for investors and traders seeking the latest updates and insights on Williams-Sonoma stock.
Williams-Sonoma, Inc. (WSM) is a leading specialty retailer in the United States, founded in 1956. The company offers high-quality products for the kitchen and home through its well-known brands such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, PBteen, West Elm, Williams-Sonoma Home, Rejuvenation, and Mark and Graham. These brands are respected for their beautifully designed, functional, and stylish products across various home areas, including the kitchen, living room, bedroom, home office, closet, laundry room, and outdoor spaces.
With a robust retail and direct-to-consumer presence, Williams-Sonoma operates in a $300 billion domestic home category and a $450 billion international home market. The company is actively expanding its footprint in the B2B sector, marketplace, and franchise areas. Williams-Sonoma has a notable presence with 156 Williams-Sonoma stores, 184 Pottery Barn stores, 45 Pottery Barn Kids stores, 121 West Elm stores, and 11 Rejuvenation stores. The company's diverse product range and dedication to high-quality customer service have positioned it as a multi-brand, multi-channel global enterprise, supported by advanced technology and skilled teams.
Williams-Sonoma recently announced its 2024 partners for the World's Strongest Man competition, returning to Myrtle Beach, South Carolina. The event will showcase top athletes and involve partnerships with prominent brands such as Monro, BFGoodrich Tires, SBD Apparel, Rogue Fitness, and others. Williams-Sonoma’s engagement in such significant events highlights its commitment to community involvement and brand visibility.
Financially, Williams-Sonoma continues to demonstrate strong performance, driven by innovative product offerings and strategic market expansions. The company's efforts in supporting large-scale residential and commercial projects through its business-to-business services further bolster its market standing.
Overall, Williams-Sonoma, Inc. is a significant player in the home and kitchen retail sector, combining a rich legacy with forward-looking strategies to enhance customer experiences and drive growth.
Williams-Sonoma (NYSE: WSM) has declared a quarterly cash dividend of $0.57 per share of common stock. The dividend will be paid on November 22, 2024, to stockholders of record as of the close of business on October 18, 2024. WSM is the world's largest digital-first, design-led, and sustainable home retailer, operating brands such as Williams Sonoma, Pottery Barn, West Elm, and others. The company operates in the U.S., Puerto Rico, Canada, Australia, and the United Kingdom, with international shipping and franchises in various countries. WSM emphasizes its commitment to sustainability and values-based culture, integrating these principles into its business model.
Mark & Graham, a Williams-Sonoma, Inc. (NYSE: WSM) brand, has launched M&G kids, a new collection of personalized gifts for baby and kids. The collection includes customizable books, keepsakes, backpacks, diaper bags, and kid-sized bath robes, all of which can be personalized with names or monograms. M&G kids also offers gifts for new parents, luggage, and nursery décor items such as block print patterned blankets and embroidered pillows.
Kate Lesher, SVP of Mark & Graham, stated that M&G kids was created to offer unique, personalized gifts for various milestones from baby showers to birthdays. The collection aims to provide thoughtful and distinctive gifting options for customers celebrating special occasions in children's lives.
West Elm, a Williams-Sonoma brand (NYSE: WSM), has launched a 34-piece children's collection in collaboration with Eva Chen, fashion tastemaker and best-selling children's book author. The collection, inspired by Chen's family's love of reading, includes furniture, textiles, lighting, and decorative accessories.
Key items feature reading-focused designs like a Lofted Bed with a reading nook, a Chair and a Half for two, a Tent Floor Cushion, and an Arched Reading Bookcase. Other notable pieces include a Play Table and Stool Set ($549), Save-As Storage Shelf ($599), Playful Shapes Rug ($399), and Rolling Art Easel ($249).
The collection will be available in Canada starting September 5th at westelm.ca/evachen.
Rejuvenation, a brand under Williams-Sonoma, Inc. (NYSE: WSM), has joined The Key Rewards loyalty program. This integration allows customers to earn and redeem rewards across all Williams-Sonoma, Inc. brands, including Williams Sonoma, West Elm, Pottery Barn, and Mark & Graham. The program offers free membership and an accelerated rewards rate for credit card applicants.
Laura Alber, President and CEO of Williams-Sonoma, Inc., emphasized that this addition enhances the value of rewards for loyal customers across their brand portfolio. Aujsha Taylor, Executive Vice President of Rejuvenation, expressed excitement about offering customers unparalleled rewards and benefits through this cross-brand loyalty program.
Mark & Graham, a Williams-Sonoma, Inc. (NYSE: WSM) brand, has expanded its popular Monogram Wedding Shop™. The expansion includes new gifting options and products for bridesmaid and groomsmen gifts, bachelorette parties, honeymoons, and wedding décor. The shop now offers a curated site shopping experience with dedicated content and capabilities to help couples personalize their celebrations.
Customers can use Mark & Graham's innovative personalization preview technology to create and visualize gifts by selecting fonts, colors, and custom phrases. New monogramming capabilities allow for bespoke crests and vintage-inspired embroidery. To celebrate the launch, the brand is partnering with the Knot for a Personalize Your Wedding Sweepstakes with a chance to win $2,500 worth of products from The Monogram Wedding Shop™ until August 31, 2024.
Williams-Sonoma (NYSE: WSM) reported Q2 2024 results with comparable brand revenue down 3.3% but operating margin improving to 16.2%. Diluted EPS grew 11.5% to $1.74. The company revised its 2024 outlook, now expecting annual net revenue growth between -4.0% and -1.5%, with comps ranging from -5.5% to -3.0%. However, WSM raised its operating margin guidance to 17.4% to 17.8% for fiscal 2024. The company maintained a strong liquidity position of $1.3 billion in cash and returned $203 million to stockholders through repurchases and dividends. A 2-for-1 stock split was effected in July 2024.
Williams-Sonoma, Inc. (NYSE: WSM) has announced that it will release its second quarter results on Thursday, August 22nd, 2024 before the market opens. The company will host a conference call at 10:00 AM Eastern Time, accessible via their investor relations website. A replay of the webcast will be available from 12:00 PM Eastern Time on the same day.
Williams-Sonoma is the world's largest digital-first, design-led, and sustainable home retailer, operating brands such as Williams Sonoma, Pottery Barn, West Elm, and others. The company operates in multiple countries and offers international shipping. WSM is committed to sustainability and has integrated these goals into its business model.
Williams-Sonoma, Inc. (NYSE: WSM) has been recognized as the top retailer on TIME Magazine's 2024 list of America's Best Mid-Sized Companies. The company ranked 17th overall out of 500 companies featured on this inaugural list, which highlights top-performing midsize businesses with revenue between $100 million and $10 billion.
The evaluation criteria included positive revenue growth, employee satisfaction, and sustainability transparency. TIME partnered with Statista to assess companies based on:
- Employee Satisfaction: Evaluating over 170,000 employees' feedback on working conditions, salary, and equality policies
- Revenue Growth: Assessing three-year growth data for companies meeting specific criteria
- Sustainability Transparency: Examining environmental, social, and corporate governance indicators
Laura Alber, President and CEO of Williams-Sonoma, Inc., expressed honor at the recognition, emphasizing the company's commitment to being a people-first organization focused on growth and shareholder value.
Williams-Sonoma, Inc. (NYSE: WSM) has appointed Arianna Huffington to its Board of Directors. Huffington, founder and CEO of Thrive Global and The Huffington Post, brings extensive experience as an entrepreneurial leader and director for successful companies. Her background aligns with Williams-Sonoma's commitment to putting people first and investing in worker wellbeing.
Huffington's recent venture, Thrive AI Health, focuses on building a personalized AI health coach. Her expertise in creating innovative businesses and brands that address customer needs is expected to bring significant value to Williams-Sonoma as it enters its next growth phase. The company, known for its digital-first, design-led, and sustainable home retail approach, operates multiple brands including Williams Sonoma, Pottery Barn, and West Elm.
Pottery Barn, a Williams-Sonoma, Inc. (NYSE: WSM) brand, has launched an accessible home furnishings collection in collaboration with Michael Graves Design. The collection features functional and beautiful designs aimed at making homes safer and more accessible for various communities, including those aging in place and individuals with disabilities.
The 'Michael Graves Design for Pottery Barn' collection includes upholstered armchairs and bedroom furnishings with unique enhancements. Key features include integrated armrests on bed frames, nightstands with raised edges and built-in power strips, dressers with grab rails, and armchairs designed for easier entry and exit. The collection is now available on PotteryBarn.com and in select stores.
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