Latest news with #WilliamsSonoma
Business Wire
29-05-2025
- Business
- Business Wire
Affirm expands partnership with Williams-Sonoma, Inc. into Canada
TORONTO--(BUSINESS WIRE)-- Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced the expansion of its partnership with Williams-Sonoma, Inc. (NYSE: WSM) into Canada. This builds on the companies' multi-year partnership in the U.S. and brings Affirm to Canadians shopping at Williams-Sonoma, Inc.'s family of brands including Williams Sonoma, West Elm, Pottery Barn, Pottery Barn Teen, Pottery Barn Kids, and Mark & Graham. Whether shopping for a sofa at their local West Elm or furnishing a new nursery with Pottery Barn Kids, approved Canadian shoppers can now split their purchases into monthly payments with Affirm. The process is simple: after selecting Affirm at checkout, consumers go through a quick, real-time eligibility check. If approved, they can choose the customized payment plan that best suits their needs and rest assured that they will never pay any late or hidden fees. 'As Canadian consumers continue to embrace smarter and more flexible ways to manage spending on home furnishings and essentials, Affirm has become a go-to choice for greater payment control and transparency,' said Wayne Pommen, Chief Revenue Officer at Affirm. 'We're thrilled to build on our successful collaboration with Williams Sonoma and their family of brands to bring more Canadians the financial clarity, flexibility, and peace of mind they deserve.' With this launch, Williams-Sonoma, Inc. and its family of brands join leading Canadian retailers, including Amazon, Apple, Samsung, Brown's Shoes, and more in offering Affirm's payment solutions to their customers. About Affirm Affirm's mission is to deliver honest financial products that improve lives. By building a new kind of payment network—one based on trust, transparency, and putting people first—we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X. Rates from 0-31.99% APR (subject to provincial regulations). Payment options through Affirm Canada Holdings Ltd. ('Affirm') are subject to an eligibility check and depend on purchase amount, vary by merchant, and may not be available in all provinces/territories. A down payment (or a payment due today) may be required. AFRM-PA
National Post
29-05-2025
- Business
- National Post
Affirm expands partnership with Williams-Sonoma, Inc. into Canada
Article content Article content TORONTO — Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced the expansion of its partnership with Williams-Sonoma, Inc. (NYSE: WSM) into Canada. This builds on the companies' multi-year partnership in the U.S. and brings Affirm to Canadians shopping at Williams-Sonoma, Inc.'s family of brands including Williams Sonoma, West Elm, Pottery Barn, Pottery Barn Teen, Pottery Barn Kids, and Mark & Graham. Article content Whether shopping for a sofa at their local West Elm or furnishing a new nursery with Pottery Barn Kids, approved Canadian shoppers can now split their purchases into monthly payments with Affirm. The process is simple: after selecting Affirm at checkout, consumers go through a quick, real-time eligibility check. If approved, they can choose the customized payment plan that best suits their needs and rest assured that they will never pay any late or hidden fees. Article content 'As Canadian consumers continue to embrace smarter and more flexible ways to manage spending on home furnishings and essentials, Affirm has become a go-to choice for greater payment control and transparency,' said Wayne Pommen, Chief Revenue Officer at Affirm. 'We're thrilled to build on our successful collaboration with Williams Sonoma and their family of brands to bring more Canadians the financial clarity, flexibility, and peace of mind they deserve.' Article content With this launch, Williams-Sonoma, Inc. and its family of brands join leading Canadian retailers, including Amazon, Apple, Samsung, Brown's Shoes, and more in offering Affirm's payment solutions to their customers. Article content Affirm's mission is to deliver honest financial products that improve lives. By building a new kind of payment network—one based on trust, transparency, and putting people first—we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X. Article content Rates from 0-31.99% APR (subject to provincial regulations). Payment options through Affirm Canada Holdings Ltd. ('Affirm') are subject to an eligibility check and depend on purchase amount, vary by merchant, and may not be available in all provinces/territories. A down payment (or a payment due today) may be required. Article content Article content Article content Article content Article content Article content
National Post
28-05-2025
- Business
- National Post
WILLIAMS-SONOMA, INC. ANNOUNCES STRATEGIC ACQUISITION TO EXPAND IN DORM MARKET
Article content SAN FRANCISCO — Williams-Sonoma, Inc. (NYSE: WSM) the world's largest digital-first, design-led and sustainable home retailer, announced today the acquisition of the intellectual property of Dormify, a trusted online retailer and content resource for college students and young adults seeking curated, space-saving home solutions. This strategic acquisition reinforces Williams-Sonoma, Inc.'s ongoing commitment to long-term growth and showcases the company's ability to pursue targeted opportunities that capture market share and unlock white space across key demographic and lifestyle segments. Article content Article content 'The acquisition of Dormify's intellectual property aligns with our strategy to build and acquire brands that meet customers at every stage of life across various aesthetics,' said Laura Alber, President and CEO of Williams-Sonoma, Inc. 'We look forward to integrating our operational excellence, in-house design capabilities, digital expertise, and world-class customer service into Dormify to accelerate the brand's growth and scale its reach.' Article content Williams-Sonoma, Inc. will relaunch Dormify in 2026. Article content Williams-Sonoma, Inc. is the world's largest digital-first, design-led and sustainable home retailer. The company's products, representing distinct merchandise strategies — Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation, Mark and Graham, and GreenRow — are marketed through e-commerce websites, direct-mail catalogs and retail stores. These brands are also part of The Key Rewards, our loyalty and credit card program that offers members exclusive benefits across the Williams-Sonoma family of brands. We operate in the U.S., Puerto Rico, Canada, Australia and the United Kingdom, offer international shipping to customers worldwide, and have unaffiliated franchisees that operate stores in the Middle East, the Philippines, Mexico, South Korea and India, as well as e-commerce websites in certain locations. Article content This press release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or are proven incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements include statements relating to Williams-Sonoma, Inc.'s acquisition of Dormify's intellectual property, the anticipated benefits of the acquisition, the ability to integrate the company's operations into Dormify, the anticipated growth and scalability of the Dormify brand, and the timing of the relaunch of Dormify. These forward-looking statements are based on current expectations and involve risks and uncertainties. Article content The risks and uncertainties that could cause the company's results to differ materially from those expressed or implied by such forward-looking statements include the risks that: the company may be unable to achieve the anticipated benefits of the transaction; initiatives with Dormify may distract management from other operations; customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with Dormify customers until the relaunch) may be greater than expected; and other risks and uncertainties described more fully in our public announcements, reports to stockholders and other documents filed with or furnished to the SEC, including our Annual Report on Form 10-K for the fiscal year ended February 2, 2025 and all subsequent quarterly reports on Form 10-Q and current reports on Form 8-K. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the company assumes no obligation to update these forward-looking statements. Article content Article content Article content Article content Article content Article content
San Francisco Chronicle
27-05-2025
- Business
- San Francisco Chronicle
Photos: $9.25 million Wine Country estate of Williams Sonoma visionary hits the market
The former Wine Country estate of retail magnate W. Howard Lester, credited with transforming Williams Sonoma into a household name, has come to market for $9.25 million. Known as 'The Williams-Sonoma House,' the Glen Ellen property was featured in Architectural Digest and served as the longtime residence of Lester, who helmed the gourmet kitchenware chain from a four-store operation in 1978 to a $3.4 billion empire by the time of his retirement. Lester died in 2010. Tucked into the hills adjacent to Jack London State Park, the nearly 9-acre estate at 1500 Morningside Mountain Road offers a serene, park-like setting with a year-round pond, private trails, and mature landscaping. The 6,018-square-foot home features three bedrooms, four bathrooms and a bonus room. With walls of French doors and floor-to-ceiling glass, the single-level residence is designed to bring the outdoors in. 'This estate is a statement in casual and refined Wine Country living,' according to the listing by Daniel Casabonne and Gina Clyde of Sotheby's International Realty. Lester's legacy extends beyond retail. He established the Lester Center for Entrepreneurship and Innovation at the University of California, Berkeley, and was lauded for pioneering data-driven marketing in the home furnishings industry. 'I just thought the company could do better,' he once said. 'I felt like I could run it better.'
Yahoo
24-05-2025
- Business
- Yahoo
Williams-Sonoma First Quarter 2026 Earnings: Beats Expectations
Revenue: US$1.73b (up 4.2% from 1Q 2025). Net income: US$231.3m (down 13% from 1Q 2025). Profit margin: 13% (down from 16% in 1Q 2025). The decrease in margin was driven by higher expenses. EPS: US$1.88 (down from US$2.07 in 1Q 2025). We've discovered 1 warning sign about Williams-Sonoma. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Specialty Retail industry in the US. Performance of the American Specialty Retail industry. The company's shares are down 9.2% from a week ago. We don't want to rain on the parade too much, but we did also find 1 warning sign for Williams-Sonoma that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
