
Please try another search
Williams-Sonoma, Inc. (NYSE:WSM) has launched four e-commerce sites in Canada, reinstating its effort toward digital targeted marketing. This home furnishing retailer will provide the market with a robust assortment of products through company-owned and operated e-commerce sites for Williams Sonoma, West Elm, Pottery Barn and Pottery Barn Kids brands.
Williams-Sonoma already has 24 bricks-and-mortar locations in Canada and the latest digital expansion into the market will enable the company in providing a premier multi-channel experience to customers.
Williams-Sonoma is one of the largest e-commerce retailers in the United States generating around 53% of the revenues online. The segment has been consistently posting strong results. In fact, in the first nine months of 2017, this segment reported net revenues of $1.9 billion, reflecting an increase of 4.2% from the year-ago level. The company’s investments in merchandising of its brands, efficient catalog circulations and digital marketing help drive e-commerce revenues.
In order to address the slowdown in traffic and to gain more customers, the company is currently in the midst of a transformation and has been reworking on its marketing strategy, emphasizing on digital targeted marketing and investing in store remodeling.
Again, to enhance customer experience, the company is using web tools that utilize augmented reality (AR), creating videos on social media sites and making digital advertisements. Recently, Williams-Sonoma launched the Pottery Barn 3D Room View AR app on iOS for iPhone and iPad to enhance customers’ virtual reality experience.
Earlier this year, the company increased its digital advertising spend, which led to strong growth across all brands.
In fact, the company’s shares have gained 13.6% in the last three months compared with the Zacks Home Furnishings Industry’s growth of 11.3%. However, estimates for the current fiscal quarter and year have moved down 3% and 1.4%, respectively, over the past 30 days, reflecting analysts’ concern on the stock’s prospect.
That said, higher digital investments, strategic initiatives, innovative marketing techniques, focus on innovation and retail optimization are key growth drivers for this Zacks Rank #3 (Hold) company.
The fortune of Nvidia (NASDAQ:NVDA) is closely tied to Big Tech hyperscalers. Although the AI/GPU designer didn’t name its largest clients in the latest 10-K filing on Wednesday,...
In a market fraught with uncertainty, investors often seek refuge in defensive-minded stocks that offer stability and resilience. Two such stalwarts, Johnson & Johnson and...
The United States is the largest exporter of liquefied natural gas (LNG), having surpassed Australia and Qatar in 2023. The United States exports an estimated 12.5 billion cubic...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.