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With families spending more time at home than ever before, furnishing home offices and upgrading kitchens have become a top priority for stay-at-home shoppers. And that has been great news for Williams-Sonoma.
The 65-year-old retailer sells home goods, high-end 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 all things home-related, the company posted a 22% jump in revenue in the third quarter of 2020 from a year earlier.
But analysts say the company faces headwinds as home furnishing sales shift even further online and rivals like online furniture retailer Wayfair increase their…
Source cnbc.com
