Williams-Sonoma Issues Sobering Home Forecast

  • January 10, 2007
Williams-Sonoma yesterday announced that same-store sales gained 1.1% for the eight-week holiday period, in line with what it had predicted. But the company said it is cautious about its 2007 outlook.

"We remain concerned about the 'home-related' macro-economic environment, as well as the competitive landscape--which we believe will continue to be highly promotional as home-centered retailers work through excess inventories," the company said.

And while breathing new life back into its Pottery Barn brand is one of its main focuses, the company said that its "strategies for revitalizing the Pottery Barn brand could result in increased margin pressure, particularly in the first half of the year." -- Sarah Mahoney

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