Retail

Williams-Sonoma CEO eyes in-store traffic foot traffic as economy reopens

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Williams-Sonoma shares jumped to new highs Thursday after the home goods retailer posted better-than-expected results for its fourth quarter.

The company’s e-commerce business played a key role in growing sales to make up for lost business in physical stores. But CEO Laura Alber is anticipating a strong recovery in brick-and-mortar sales as the U.S. economy emerges from the pandemic.

“The store traffic’s coming back,” she said on CNBC’s “Mad Money.” “I think people don’t realize the upside we have in retail.”

Williams-Sonoma, known for selling products for the kitchen, generated $2.3 billion in revenues in its most recent quarter that ended Jan. 31. It was the third-straight quarter of…



Source cnbc.com

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