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More than 50% of Williams-Sonoma revenue in 2014 done online


San Francisco -- Williams-Sonoma set a milestone in 2014 as it reported that, for the first time ever, e-commerce sales made up more than 50% of all yearly revenues.

Williams-Sonoma said its fourth quarter net revenues grew 5.2% to $1.542 billion versus $1.466 billion in the prior year quarter.

Same-store sales grew of 5.1%.

“In 2014, we experienced growth in all of our brands and across our channels,” said Laura Alber, president and CEO, Williams-Sonoma. “Our highly profitable e-commerce business represented more than 50% of our revenues in 2014, a significant milestone for Williams-Sonoma, Inc., as we capitalize on our position at the intersection of retail and technology. We are very pleased with our fourth quarter results despite the effects of the west coast port disruption. Unfortunately, we expect this disruption to continue and to have a more significant impact through the first half of 2015.”

For the full fiscal year of 2014, net revenues at Williams-Sonoma increased to $4.699 billion from $4.388 billion in FY 13, while same store sales decreased to 7.1%.

The company said the impact of the West Coast port slowdown is anticipated to be a $30 to $40 million reduction in net revenues and a 10 to 12 cent reduction in EPS in fiscal 2015, which predominantly affects the first quarter guidance.

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