With families spending more time at home than ever before, home office furnishings and kitchens for stay-at-home buyers are top priorities. And that was great news for Williams-Sonoma.
The 65-year-old retailer sells housewares, premium cookware and furniture through its seven brands, including Pottery Barn, Williams Sonoma and West Elm.
Thanks to a strong e-commerce business and a demand for everything household-related, the company saw sales jump 22% year over year in the third quarter of 2020.
However, analysts say the company is facing headwinds as home furnishings sales continue to shift and competitors like online furniture retailer Wayfair increase their market share.
Can Williams-Sonoma, known for its high quality products, maintain its momentum? And what happens to the brand’s brick and mortar locations when more sales move online?
See more:
Why GNC filed for bankruptcy protection despite the boom in vitamin sales
Why rural hospitals go bankrupt
Picture this: a bustling apartment complex filled with tenants who reliably pay rent every month.…
Metformin has been used for decades. Not as a wellness trend. Not as a supplement…
Ashton Kutcher does not bother anyone with this beauty treatment. At least the company doesn't.…
The logo of pharmaceutical company Novo Nordisk is seen outside its offices in Bagsvaerd on…
Donald Trump is by far the pettiest president in US history. He never forgets an…
Defense stocks in Europe and Asia rose sharply on Monday as investors gauged that the…
This website uses cookies.