Williams-Sonoma beats the Street.(Business Today)
Home Textiles Today, August, 2004 by Hogsett, Don
SAN FRANCISCO -- Fueled by surging sales at its Pottery Barn and Outlet stores--which offset weakness in its name-sake kitchenware units--West Coast housewares retailer Williams-Sonoma Inc. drove second quarter profits up 55 percent, well ahead of Wall Street expectations, to $27.6 million from $17.8 million.
Sales improved 18.8 percent, to $689.6 million from $580.4 million, aided by a strong 27 percent jump in catalog and Internet sales, which moved to $262 million from $206.3 million. Providing much of the lift to sales and earnings, a resurgent Pottery Barn business pushed same-store sales up a heady 10.2 percent, improving on a year-before gain of 2.6 percent. Also strong were the retailer's Outlet stores, where same-store sales soared 19 percent...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by the Premiere Rewards Gold Card from American Express