Williams-Sonoma Inc.'s fourth-quarter net income rose a better-than-expected 9%, helped by strong online sales, gains at its West Elm brand and the benefit of an extra week in the period.

Williams-Sonoma reported that its revenue increased 4.8% to $1.01 billion for the nine-week period ended Dec.30.

In his address to investors and stockholders in New York City, newly minted Best Buy Co. CEO Hubert Joly acknowledged that sales and profits are on a decline, and presented a plan to shore up finances and operations by cutting expenses, rethinking footprints and improving both offline and online customer satisfaction.

West Elm, a division of Williams-Sonoma, announced that it will open store in Indianapolis on Nov.15.

Williams-Sonoma said Thursday it has launched a new direct-to-consumer gifts and accessories brand called Mark and Graham.

Williams-Sonoma said that it will open its first store in Quebec — and its eighth in Canada — which will showcase a new design for the brand.

West Elm, a division of Williams-Sonoma, announced that it will open a store in South Coast Plaza on Nov. 2.

Williams-Sonoma announced that its West Elm division will launch a neighborhood market format, called West Elm Market, on Oct. 25, in Brooklyn N.Y.

Pbteen, a division of Williams-Sonoma, plans to open five pop-up stores in the Durham, Cincinnati, Edina, Houston and Miami areas this October and November.

West Elm, a division of Williams-Sonoma, announced that it will open a store at 180 University Avenue in Palo Alto, Calif., on Oct. 18.

Amazon.com, Trader Joe’s and Costco Wholesale Corp. came out on top with consumers in a survey by global strategy firm OC&C Strategy Consultants, Boston.