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Five Key Takeaways from new Moody’s report, 'Brick-and-Mortar Continues to March Online'
On the heels of a mostly disappointing 2013 earnings season, many U.S. brick-and-mortar retailers will focus on building out their online presence for growth, according to Moody’s Investor Service’s new report, “Brick-and-Mortar Continues to March Online,” by Charlie O’Shea, VP – senior analyst, Moody’s.
Here are five highlights from the study:
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Williams-Sonoma stays on top in first quarter
Williams-Sonoma had a strong first quarter of fiscal 2014, with net income climbing 17% to a better-than-expected $46.16 million from $39.17 million.
Net sales grew 10% to $974.33 million from $887.8 million, also topping estimates.
Total same-store sales grew 10%. Williams-Sonoma credited much of its success during the quarter to market share gains and advantages conferred by its multichannel operations.