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Williams-Sonoma profit up 19% in Q3
San Francisco – Williams-Sonoma Inc. reported Thursday that profit for the third quarter rose 19% to $43.4 million, from $36.5 million in the same period last year.
Revenue rose 6% to $867.2 million, compared with $815.5 million last year and solidly beating Wall Street’s expected $855.7 million in revenue.
Same-store sales overall rose 7.3%, comprised of a 7% rise in the company’s Pottery Barn stores, a 5.2% rise at Pottery Barn Kids and a 27% surge at West Elm. Same-store sales at namesake stores were up a slight 0.1%. -
Kohl's recognized for green leadership
MENOMONEE FALLS, Wis. — Kohl’s Department Stores announced that the company has been recognized with its third Green Power Partner of the Year Award by the U.S. Environmental Protection Agency (EPA), the U.S. Department of Energy and the Center for Resource Solutions. With this year’s award, Kohl’s is the first retailer to be named a Green Power Partner of the Year for three consecutive years, the company reported.