Housewares Business-to-business magazine for housewares retailers and their suppliers
US kitchenware chain Williams-Sonoma enjoyed a strong boost to sales in the third quarter of 2010.
Earnings of $36.5m compared with $7.3m in the equivalent period last year, as average like-for-like store sales gained 8.1%.
Said CEO Laura Alber: “During the third quarter, year-over-year net revenues increased 12%, and we delivered the highest third quarter diluted EPS [earnings per share] in our history.”
The company said that Williams-Sonoma had enjoyed particular success with cook’s tools, electrics and cutlery, while sister company Pottery Barn had had strong sales of furniture, textiles and decorative accessories. West Elm, also operated by Williams-Sonoma, had done well with furniture and textiles too.
Direct-to-customer net revenues, which include online and catalogue sales, increased 17.8% to $355m year-on-year.
