Williams-Sonoma, Inc. WSM, a home furnishings retailer, recently opened its largest PBteen store in San Diego, CA. The new store is located at The Mall at University Town Center and offers furnishing products for teenagers.
These include home furnishing products for the bedroom, study space, lounges and dorm room. The store opening will be supported by several marketing events. Customers will also have the opportunity to win gift cards with values ranging from $50-$250. One customer can even win a $500 gift card.
Williams-Sonoma is one of the largest e-commerce retailers in the U.S. The company offers exclusive designs for home furnishing products and enjoys a strong international presence. The company enjoys a competitive advantage owing to its multi-brand/multi-channel business model.
The successful launch of new products and stores is also contributing to its sales growth. The company has undertaken several initiatives to drive revenues in the near term. However, margins are likely to be hurt due to supply chain investments and inventory initiatives.
Williams-Sonoma carries a Zacks Rank #2 (Buy).
Other Stocks to Consider
Investors interested in the same space may also consider Tempur Sealy International Inc. TPX, Haverty Furniture Companies Inc. HVT and Fortune Brands Home & Security, Inc. FBHS. While Tempur Sealy sports a Zacks Rank #1 (Strong Buy), Haverty Furniture and Fortune Brands Home & Security carry a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
TEMPUR SEALY (TPX): Free Stock Analysis Report
HAVERTY FURNIT (HVT): Free Stock Analysis Report
WILLIAMS-SONOMA (WSM): Free Stock Analysis Report
FORTUNE BRD H&S (FBHS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Powered by WPeMatico