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Williams-Sonoma Q1 earnings slip, raises outlook
San Francisco -- Williams-Sonoma Inc. reported Thursday that first-quarter profit dipped to $30.7 million, from $31.6 million last year, but results topped Wall Street estimates and the retailer has raised its full-year earnings forecast.
Sales increased 6% to $817.6 million, also surpassing analysts’ estimates of $811.7 million. Same-store sales grew 5.4% overall, driven by strength from Pottery Barn (up 9.1%) and West Elm (up 22.1%).
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Red Mango makes state debut at Galleria at Fort Lauderdale
Fort Lauderdale, Fla. -- Yogurt purveyor Red Mango said it will open its first Florida mall location at The Galleria at Fort Lauderdale.
The new location will be near Dillard’s on the upper Palm Court level. The Broward County mall is anchored by Neiman Marcus, Macy’s and Dillard’s.