Williams-Sonoma, Inc.
The addition of a Williams Sonoma chain of stores to any mall is generally considered to be a win-win situation, no matter what the local demographic. Williams-Sonoma is the premier specialty retailer of home furnishing and items, and the company comprises several successful base stores, to include Williams-Sonoma (specializing the medium to high end kitchen ware), Pottery Barn (replica furniture and house wares) and Pottery Barn Kids (same as Pottery Barn but meant for younger children and "tweens," the important demographic between 8 and 14 years of age. When the 2005 ICSC Hot Retailer Awards announced earlier this year, speciality lifestyle center landlords expressed significant satisfaction with the San Francisco-based firm, citing that shoppers are encouraged to linger in the stores, which are experienced oriented and cleverly set us in regards to design with careful attention to comforting and bright colors, welcoming displays, moderate pricing and a special attention spent on demographically programmed music.
The company appears to be very fluid in it's assets. A recent report in Forbes magazine states that Williams Sonoma is currently marketed through 512 retail stores accorss the United States and also has eight mail order catalogs for the 13 weeks ended May 5,2005 net sales rose 12% to $720.7 Million.. Net income rose 22% to $26.2M. Revenues reflect an increase in retail leased square footage and more new stores opened. Net income reflects an increase in interest income.
The company is traded on the New York Stock Exchange under the symbol WSM.
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