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, Inc. (NYSE: WSM) reported strong Q3 2020 results, with net revenues increasing by 22.4% to $1.765 billion. Demand comparable brand revenue surged 31%, and e-commerce growth reached 49.3%. Operating margins improved to a record 15.7%, and diluted EPS rose over 150% to $2.54. The company holds a robust liquidity position of $773 million in cash, allowing for share repurchases and a 10% dividend increase. However, guidance for FY 2020 remains suspended due to ongoing macroeconomic uncertainties.
Williams-Sonoma, Inc. (NYSE: WSM) will release its third quarter 2020 results on November 19, 2020, after market close. A conference call will follow at 5:00 PM Eastern Time, accessible via their investor relations website. A replay will be available starting at 6:15 PM Eastern Time on the same day. Williams-Sonoma specializes in high-quality, sustainable home products sold through various brands and channels, including e-commerce and retail stores, and operates internationally.
Williams-Sonoma, Inc. (NYSE: WSM) has announced a pandemic bonus for its store associates ranging from $300 to $500. This follows previous pay increases and benefits for employees maintaining over 12 hours weekly during store closures. Furthermore, distribution center associates will receive an additional $2 per hour pay increase for the holiday peak season. CEO Laura Alber highlighted the company's commitment to supporting their associates' resilience and dedication throughout the pandemic.
Williams Sonoma has introduced 14 new members to its Chefs’ Collective, serving as advisors and ambassadors. These culinary professionals will guide product and recipe development, helping to support the culinary hospitality industry. The Collective celebrates its fifth anniversary, emphasizing Williams Sonoma's long-standing role in connecting chefs and home cooks. Notable members include award-winning chefs and bartenders like David Nayfeld and Mashama Bailey. The initiative aligns with Williams Sonoma's mission to innovate and enhance culinary experiences.
Williams-Sonoma, Inc. (NYSE: WSM) has announced a 10% increase in its quarterly cash dividend to $0.53 per share, effective November 27, 2020. This follows a previously announced dividend of $0.48. The company also resumed its share repurchase program and fully repaid its short-term borrowings under a $500 million revolver, signaling ongoing business strength. CEO Laura Alber emphasized confidence in their strategies for long-term growth and profitability amidst the pandemic's impact on consumer behavior.
Williams-Sonoma, Inc. (NYSE: WSM) announced plans to close its U.S. stores on Thanksgiving Day, November 26, 2020, to allow employees to spend time with their families. CEO Laura Alber expressed gratitude for employee resilience during the pandemic and highlighted ongoing support through pay and benefits during store closures. Customers can still shop online across multiple brands, including Williams Sonoma, Pottery Barn, and West Elm, during the holiday season.
Williams Sonoma announced a new collaboration with Ghetto Gastro and CRUX, introducing a line of kitchen electrics designed for home cooks. This partnership aims to empower communities through food and social justice. Highlights include the sold-out pre-launch of The TRNR waffle maker and the upcoming full collection launch on September 29. The product lineup features innovative appliances like the KING blender and MUSA Air Pro, enhancing kitchen experiences while supporting a meaningful cause. Williams Sonoma continues its legacy of offering unique products with a story.
Williams Sonoma has unveiled a new collection in collaboration with Dolly Parton inspired by her holiday traditions. The collection features items such as Holly Dolly Sugar Cookie Mix, a gingerbread log cabin, and festive aprons. The sugar cookie mix has a retail price of $16.95, while the gingerbread cabin is priced at $129.95. This partnership aims to enhance holiday celebrations by offering unique baking kits and festive decor.
Ghetto Gastro and CRUX have partnered to launch an exclusive line of kitchen appliances at Williams Sonoma, part of the WSM portfolio. The pre-launch features The TRNR double waffle maker available for purchase before the full collection launch on September 29. This collaboration aims to empower communities while promoting social justice. Notably, 100% of the proceeds from the collection will support ACLU's Know Your Rights Camp until October 2020.
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