Back to top

Image: Bigstock

Williams-Sonoma Arm Inks Audio System Deal With Sonos

Read MoreHide Full Article

Modern home-furnishing chain West Elm, owned by Williams-Sonoma Inc. (WSM - Free Report) , announced a partnership with home audio system developer Sonos.

Under the agreement, Sonos’ sound system will hit all West Elm stores by spring 2017 and is now available on its website. Also, “Sonos listening labs” will be installed in 16 West Elm stores. Here, shoppers will be able to experience Sonos home sound system products in a room fitted with West Elm’s signature modern furnishings and accessories.

Sonos is the third addition to West Elm’s portfolio after West Elm Hotels and Whole Foods’ product line this quarter. This can be seen as Williams-Sonoma’s strategy to counter competition from industry peers like At Home Group Inc. , Haverty Furniture Companies Inc. (HVT - Free Report) and Fortune Brands Home & Security, Inc. .

WILLIAMS-SONOMA Price

 

Management at West Elm believes that well-designed products and innovative technology make an impact in any field. Thus, Sonos’ best-in-class speakers would help to further its vision of enhancing customers’ in-store experience.

Overall comparable brand revenues grew 0.6% in the second, quarter largely due to West Elm. Comparable brand revenues for West Elm increased 15.8% compared to the 15.7% rise in the prior-year quarter, courtesy of strong performance by its core furniture business.

Williams-Sonoma currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.

Confidential from Zacks

Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>


Unique Zacks Analysis of Your Chosen Ticker


Pick one free report - opportunity may be withdrawn at any time


Williams-Sonoma, Inc. (WSM) - $25 value - yours FREE >>

Haverty Furniture Companies, Inc. (HVT) - $25 value - yours FREE >>

Published in