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) maintains its position as a leader in premium home furnishings through strategic innovation and multi-brand excellence. This dedicated news hub provides investors and industry observers with essential updates directly from the company and verified sources.
Access official press releases, earnings call details, and operational developments impacting this specialty retail leader. Our curated collection includes product launch announcements, sustainability initiatives, leadership updates, and partnership disclosures - all critical for understanding WSM's market position.
Key coverage areas include quarterly financial results, brand expansion strategies, design innovation milestones, and omni-channel retail advancements. The archive serves as a vital resource for tracking the company's performance across its Williams-Sonoma, West Elm, and Pottery Barn subsidiaries.
Bookmark this page for streamlined access to the information driving decisions in the $750 billion global home furnishings market. Combine these verified updates with our analysis tools for comprehensive investment research.
Williams-Sonoma, Inc. (NYSE: WSM) announced that on December 1, 2020, all its brands will double product giveback percentages and match customer donations for Giving Tuesday. The initiative will support nonprofit partners like St. Jude Children's Research Hospital and No Kid Hungry. The company plans to donate up to $750,000 for this charitable effort. CEO Laura Alber emphasized the importance of giving back, especially in challenging times. The brands involved include Williams Sonoma, Pottery Barn, West Elm, and others.
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.
