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San Francisco releases reopening timeline

Company News by Company News
May 28, 2020
in Business
1 min read
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San Francisco releases reopening timeline
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Williams-Sonoma shares bounce 10% as e-commerce gross sales drive earnings shock

Bloomberg | Bloomberg | Getty Photographs

5:45 pm ET — Williams-Sonoma shares bounce 10% in prolonged buying and selling after earnings confirmed stunning power.

All of its 616 shops have been closed for greater than half the quarter, however the firm was nonetheless in a position to develop same-store gross sales 2.6%.

It is on-line enterprise kicked into overdrive, with income up greater than 30%. The retailer stated it was to faucet into “a newfound appreciation for the house” amongst customers. Practically all of its manufacturers confirmed development, with Pottery Barn Youngsters same-store gross sales up 8.5%, Williams-Sonoma up 5.4% and West Elm up 3.3%. CEO Laura Alber says the corporate has “much more confidence within the development trajectory” of its e-commerce enterprise long run because it was in a position to win new clients and nonetheless sees its gross sales accelerating within the present quarter. —Christina Cheddar Berk

One other spherical of stimulus checks could also be coming. This is find out how to put together

5:06 p.m. — All eyes are…



Supply cnbc.com

Tags: FranciscoreleasesreopeningSantimeline

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