We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Williams-Sonoma's (WSM) Rejuvenation Opens New San Diego Store
Read MoreHide Full Article
Williams-Sonoma, Inc. (WSM - Free Report) focuses on driving profit and customer service through its best-in-class retail business. The company’s beautifully designed and exceptionally curated stores at strategic locations contribute to this strategy. Based on this, the company also drives its footprint expansion initiatives.
Recently, WSM announced the opening of a new store in San Diego, CA under its portfolio brand Rejuvenation, marking the brand’s 11th retail location. In honor of the store opening, the company will host a grand opening ceremony on Oct 19, 2023, for the community, featuring special guests, product experiences, local vendors, and more.
The new 7,500 square-foot store will house the brand’s mindfully crafted assortment of furniture, textiles, and one-of-a-kind vintage finds. Furthermore, it will showcase more than 240 light fixtures and 40 collections of hardware designed for cabinets, doors, windows and outdoor spaces. Additionally, the San Diego store’s associates will offer expertise solutions and the brand’s Design Crew will provide complimentary interior design services to the customers.
Footprint Expansion Initiatives
Williams-Sonoma indulges in the opening of new stores to process its footprint expansion strategies. During second-quarter fiscal 2023, it unveiled its newly relocated store on Post Road in Westport, CT, demonstrating high productivity by showcasing the company’s diverse product offerings and highlighting its complimentary design services. This aligns with the company’s retail optimization strategy, which includes closing smaller and older stores and reconstructing it to larger stores in open air lifestyle centers and destination street locations.
Moreover, WSM is currently focusing on expanding its business in the Indian market by opening three new stores in September 2023, including the first Potter Barn Kids store. In the future, the company has plans to open additional locations in 2024.
Image Source: Zacks Investment Research
Shares of WSM have gained 31.4% in the year-to-date period, outperforming the Zacks Retail - Home Furnishings industry’s 17.2% growth. The uptrend is attributable to the company’s B2B initiative and expansion plans.
Zacks Rank
Williams-Sonoma currently carries a Zacks Rank #3 (Hold).
AMZN delivered a trailing four-quarter earnings surprise of 41%, on average. The stock has risen 4.2% in the past year. 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 prior-year reported levels.
MercadoLibre presently sports a Zacks Rank of 1. MELI delivered a trailing four-quarter earnings surprise of 30.1%, on average. The stock has gained 31.5% in the past year.
The Zacks Consensus Estimate for MELI’s 2023 sales and EPS implies increase of 32.3% and 115.7%, respectively, from the year-ago reported numbers.
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 86.9% in the past year.
The Zacks Consensus Estimate for BLDR’s 2023 sales and EPS indicates decline of 23.3% and 26.8%, respectively, from the previous year’s reported levels.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Williams-Sonoma's (WSM) Rejuvenation Opens New San Diego Store
Williams-Sonoma, Inc. (WSM - Free Report) focuses on driving profit and customer service through its best-in-class retail business. The company’s beautifully designed and exceptionally curated stores at strategic locations contribute to this strategy. Based on this, the company also drives its footprint expansion initiatives.
Recently, WSM announced the opening of a new store in San Diego, CA under its portfolio brand Rejuvenation, marking the brand’s 11th retail location. In honor of the store opening, the company will host a grand opening ceremony on Oct 19, 2023, for the community, featuring special guests, product experiences, local vendors, and more.
The new 7,500 square-foot store will house the brand’s mindfully crafted assortment of furniture, textiles, and one-of-a-kind vintage finds. Furthermore, it will showcase more than 240 light fixtures and 40 collections of hardware designed for cabinets, doors, windows and outdoor spaces. Additionally, the San Diego store’s associates will offer expertise solutions and the brand’s Design Crew will provide complimentary interior design services to the customers.
Footprint Expansion Initiatives
Williams-Sonoma indulges in the opening of new stores to process its footprint expansion strategies. During second-quarter fiscal 2023, it unveiled its newly relocated store on Post Road in Westport, CT, demonstrating high productivity by showcasing the company’s diverse product offerings and highlighting its complimentary design services. This aligns with the company’s retail optimization strategy, which includes closing smaller and older stores and reconstructing it to larger stores in open air lifestyle centers and destination street locations.
Moreover, WSM is currently focusing on expanding its business in the Indian market by opening three new stores in September 2023, including the first Potter Barn Kids store. In the future, the company has plans to open additional locations in 2024.
Image Source: Zacks Investment Research
Shares of WSM have gained 31.4% in the year-to-date period, outperforming the Zacks Retail - Home Furnishings industry’s 17.2% growth. The uptrend is attributable to the company’s B2B initiative and expansion plans.
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) , MercadoLibre, Inc. (MELI - 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. The stock has risen 4.2% in the past year. 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 prior-year reported levels.
MercadoLibre presently sports a Zacks Rank of 1. MELI delivered a trailing four-quarter earnings surprise of 30.1%, on average. The stock has gained 31.5% in the past year.
The Zacks Consensus Estimate for MELI’s 2023 sales and EPS implies increase of 32.3% and 115.7%, respectively, from the year-ago reported numbers.
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 86.9% in the past year.
The Zacks Consensus Estimate for BLDR’s 2023 sales and EPS indicates decline of 23.3% and 26.8%, respectively, from the previous year’s reported levels.