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Williams-Sonoma meets Q3 expectations; issues weak outlook
San Francisco – Williams-Sonoma Inc. reported that its third quarter income rose 4% to $50.7 million from $48.9 million in the year-ago period, in line with forecasts. But the retailer issued a disappointing outlook for the current quarter.
Second quarter net revenues grew 6% to $1.04 billion, from $982 million in the year-ago period.
Total same-store sales increased 5.7%. Direct-to-customer revenues grew 9.4%.
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Newgistics adds omnichannel muscle to board
Newgistics, a leading provider of end-to-end e-commerce solutions for top retailers and brands, has added Andrea Weiss and Robert Rosenblatt to its board of directors.
The company said that it plans to leverage the duo’s first-hand knowledge of what retailers need to compete in an increasingly omnichannel environment.
