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.
Pottery Barn, Pottery Barn Kids, and Pottery Barn Teen, brands of Williams-Sonoma, Inc. (NYSE: WSM), have announced new home furnishings collections in collaboration with design influencers Chris and Julia Marcum of Chris Loves Julia. The collections expand on their successful 2023 Pottery Barn Kids line, now including Pottery Barn and Pottery Barn Teen.
The new collections feature heirloom-worthy aesthetics with modern detailing, combining the Marcums' design expertise with each brand's craftsmanship. The Pottery Barn collection includes bedroom sets, office furniture, and decor items in rich dark wood with brass hardware. Pottery Barn Kids adds holiday items to their existing line, while Pottery Barn Teen introduces their first-ever collaboration with the duo.
This partnership aims to bring timeless, classic pieces to homes, reflecting Chris and Julia's signature moody, modern traditional style. The collections are now available on the respective brand websites.
West Elm, a Williams-Sonoma, Inc. (NYSE: WSM) brand, has launched a new collaboration with actress Christina Ricci. The collection features contemporary decorative accessories inspired by Ricci's love for home design and the mystical arts. It includes a edition of Ricci's upcoming Cat Full of Spiders Tarot Deck & Guidebook with exclusive box artwork for West Elm.
The collection showcases black marble decorative accessories, including a Marble Filled Candle ($39–$79) and Marble Tray ($99). West Elm's President, Day Kornbluth, expressed excitement about capturing Ricci's aesthetic in the collection. The collaboration aims to bring a distinct style into homes, suitable for both tarot card readings and everyday life.
Williams Sonoma (NYSE: WSM) has expanded its exclusive TUCCI by GreenPan™ cookware collection, designed in collaboration with actor Stanley Tucci. The new additions include 34 products, featuring a Lasagna Pan and a 4.5 Quart Stanley Pan available in six colors inspired by Italian sports cars. The collection, manufactured in Italy, combines contemporary design with eco-friendly non-stick technology.
GreenPan™, known for its PFAS-free ceramic nonstick cookware, has incorporated cutting-edge surface treatments and stay-cool handles in the new items. The expansion also includes stainless-steel cookware options. This collaboration aims to blend Tucci's Italian American heritage with modern cooking technology, offering customers high-quality, functional, and aesthetically pleasing cookware exclusively available at Williams Sonoma stores and online.
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.
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