Research Desk Line-up: RH Post Earnings Coverage
LONDON, UK / ACCESSWIRE / September 11, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Williams-Sonoma, Inc. (NYSE: WSM), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=WSM. The Company announced on September 09, 2017 its first-ever National Hiring Day, which is expected to take place on September 14, 2017 at the Company's branded stores across the US and Canada. Williams-Sonoma additionally announced that it will accept online applications for open positions at corporate offices and across supply chain management offices. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on WSM; also brushing on RH. Go directly to your stock of interest and access today's free coverage at:
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The Announcement
Williams-Sonoma is a leading retailer of high-quality products which represent eight different merchandise strategies, and which are further marketed through e-commerce websites, direct mail catalogs, and retail stores. The Company currently operates in the United States, Australia, the United Kingdom, and Canada, offering international shipping to its customers across the world.
The Company added that it expects to interview for about 4,000 positions across different roles at its stores. Williams-Sonoma has invited interested store applicants to visit the nearest local stores with their resume and learn about part-time, full-time, and seasonal career opportunities.
The UK Expansion
Recently, on August 30, 2017, West Elm, a member of Williams-Sonoma's portfolio of brands, announced that it has scheduled to open its second UK location in the London suburb of Kingston-Upon-Thames in Winter 2017. The two-story outlet spans across 8,000 square feet, and sits on the ground floor of Bentalls Shopping Centre, with external access from the city's main pedestrian high street.
The Company announced that it will bring about 25 locally recruited jobs in the areas, while West Elm Kingston will offer the Company a design consultation program named Design Crew to pair customers with experts who can deliver design services. West Elm opened its first store in DUMBO, where it has been designing for modern living across its 102 retail stores in the United States, Australia, Canada, and the UK. West Elm also operated West Elm Workspace in the commercial furnishings industry and has expanded in the travel and hospitality industry after the launch of West Elm Hotels.
The Partnership
West Elm, a William-Sonoma brand, announced on September 05, 2017, that it has partnered with Leesa Sleep, a direct-to-consumer online mattress Company, to elevate life of consumers through better sleep. Post the announcement, customers can now experience Leesa Sleep's products, such as its American-made and designed mattresses, across West Elm's 80 locations in the US. Leesa Sleep has also committed to donate 1,000 mattresses to charitable organizations in communities where the Company operates stores and continue to donate one mattress for every 10 sold, under the Leesa Sleep's "One-Ten" social influence program.
Under the terms of the announcement, the Companies will plant one tree for every mattress sold and will support local communities through volunteering and donations. Leesa Sleep is regarded as the leading online mattress Company and its mattresses are manufactured in the US. West Elm additionally announced that it has committed to minimizing environmental impact by delivering 100% organic cotton bedding to impact the lives of over 5,000 workers through Fair Trade programs.
Last Close Stock Review
On Friday, September 8, 2017, the stock closed the trading session at $47.30, slightly falling 0.17% from its previous closing price of $47.38. A total volume of 1.17 million shares have exchanged hands. Williams-Sonoma's stock price advanced 1.48% in the last one month. The stock is trading at a PE ratio of 13.62 and has a dividend yield of 3.30%. The stock currently has a market cap of $4.09 billion.
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