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Williams-Sonoma's (WSM) West Elm Collaborates With Altuzarra
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Williams-Sonoma, Inc.’s (WSM - Free Report) portfolio brand West Elm collaborates with Joseph Altuzarra, the luxury women’s ready-to-wear clothing designer, launching the 42-piece kids capsule collection.
The kids collection under the new collaboration with the founder and creative director of the fashion brand Altuzarra features furniture with magnificent finishes along with textiles and decorative accessories. The products featured under the capsule collection are inspired by the fashion designer’s signature artistic designs. The products include Clouds Crib & Kids Sheeting, Children’s Pajamas, Shooting Stars Quilt, Oval Mirror, Ribbon Pendant Light, Upholstered Crib and the 7 Drawer Dresser.
Shares of WSM have gained 0.99% on Aug 28, during the trading session. Furthermore, the stock gained 23.4% in the year-to-date period, outperforming the Zacks Retail - Home Furnishings industry’s 19.7% growth.
Image Source: Zacks Investment Research
WSM’s Growth-Driving Initiatives
Williams-Sonoma is focusing on various growth-driving strategies to improve customer counts and efficient omnichannel performance across its brands. Its innovative efforts have helped drive e-commerce growth. The company’s investment in the merchandising of its brands, efficient catalog circulations and digital marketing boosts revenues from the e-commerce channel. E-commerce penetration has been increasing, buoyed by its in-house tech platform, rapid experimentation program, content-rich online experience and marketing strategies. This provides WSM with a competitive edge over its peers, helping it to become the world’s largest digital-first, design-led and sustainable home retailer.
Williams-Sonoma’s in-house capabilities, first-party data and a multi-brand platform help it to optimize its advertising spending. These advantages give the company a competitive edge in marketing by allowing it to respond quickly to the evolving business trends. Furthermore, the company is focusing on digital advertising wherein it is transitioning from catalog mailing to higher impact digital channels to drive short-term return on investment and long-term gains and customer growth. This marketing strategy will enable the company to increase its customer count in the upcoming period.
Zacks Rank
Williams-Sonoma currently carries a Zacks Rank #3 (Hold).
AMZN delivered a trailing four-quarter earnings surprise of 41%, on average. Shares of the company have gained 58.5% in the year-to-date period. The Zacks Consensus Estimate for AMZN’s 2023 sales and earnings per share (EPS) indicates growth of 11.1% and 214.1%, respectively, from the previous year’s reported levels.
BJ's Restaurants currently sports a Zacks Rank of 1. BJRI delivered a trailing four-quarter earnings surprise of 121.2%, on average. Shares of the company have gained 11.9% in the year-to-date period.
The Zacks Consensus Estimate for BJRI’s 2023 sales and EPS indicates growth of 5.6% and 435.3%, respectively, from the previous year’s reported levels.
Builders FirstSource currently sports a Zacks Rank of 1. BLDR has a trailing four-quarter earnings surprise of 52.2%, on average. Shares of the company have rallied 104.8% in the year-to-date period.
The Zacks Consensus Estimate for BLDR’s 2023 sales and EPS indicates a decline of 23.3% and 29.6%, respectively, from the previous year’s reported levels.
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Williams-Sonoma's (WSM) West Elm Collaborates With Altuzarra
Williams-Sonoma, Inc.’s (WSM - Free Report) portfolio brand West Elm collaborates with Joseph Altuzarra, the luxury women’s ready-to-wear clothing designer, launching the 42-piece kids capsule collection.
The kids collection under the new collaboration with the founder and creative director of the fashion brand Altuzarra features furniture with magnificent finishes along with textiles and decorative accessories. The products featured under the capsule collection are inspired by the fashion designer’s signature artistic designs. The products include Clouds Crib & Kids Sheeting, Children’s Pajamas, Shooting Stars Quilt, Oval Mirror, Ribbon Pendant Light, Upholstered Crib and the 7 Drawer Dresser.
Shares of WSM have gained 0.99% on Aug 28, during the trading session. Furthermore, the stock gained 23.4% in the year-to-date period, outperforming the Zacks Retail - Home Furnishings industry’s 19.7% growth.
Image Source: Zacks Investment Research
WSM’s Growth-Driving Initiatives
Williams-Sonoma is focusing on various growth-driving strategies to improve customer counts and efficient omnichannel performance across its brands. Its innovative efforts have helped drive e-commerce growth. The company’s investment in the merchandising of its brands, efficient catalog circulations and digital marketing boosts revenues from the e-commerce channel. E-commerce penetration has been increasing, buoyed by its in-house tech platform, rapid experimentation program, content-rich online experience and marketing strategies. This provides WSM with a competitive edge over its peers, helping it to become the world’s largest digital-first, design-led and sustainable home retailer.
Williams-Sonoma’s in-house capabilities, first-party data and a multi-brand platform help it to optimize its advertising spending. These advantages give the company a competitive edge in marketing by allowing it to respond quickly to the evolving business trends. Furthermore, the company is focusing on digital advertising wherein it is transitioning from catalog mailing to higher impact digital channels to drive short-term return on investment and long-term gains and customer growth. This marketing strategy will enable the company to increase its customer count in the upcoming period.
Zacks Rank
Williams-Sonoma currently carries a Zacks Rank #3 (Hold).
Key Picks
Some better-ranked stocks from the Retail-Wholesale sector are Amazon.com, Inc. (AMZN - Free Report) , BJ's Restaurants, Inc. (BJRI - Free Report) and Builders FirstSource, Inc. (BLDR - Free Report) .
Amazon currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AMZN delivered a trailing four-quarter earnings surprise of 41%, on average. Shares of the company have gained 58.5% in the year-to-date period. The Zacks Consensus Estimate for AMZN’s 2023 sales and earnings per share (EPS) indicates growth of 11.1% and 214.1%, respectively, from the previous year’s reported levels.
BJ's Restaurants currently sports a Zacks Rank of 1. BJRI delivered a trailing four-quarter earnings surprise of 121.2%, on average. Shares of the company have gained 11.9% in the year-to-date period.
The Zacks Consensus Estimate for BJRI’s 2023 sales and EPS indicates growth of 5.6% and 435.3%, respectively, from the previous year’s reported levels.
Builders FirstSource currently sports a Zacks Rank of 1. BLDR has a trailing four-quarter earnings surprise of 52.2%, on average. Shares of the company have rallied 104.8% in the year-to-date period.
The Zacks Consensus Estimate for BLDR’s 2023 sales and EPS indicates a decline of 23.3% and 29.6%, respectively, from the previous year’s reported levels.