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>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on WSM - FREE
Get the latest research report on HVT - FREE