1Q revenue up 10.2% for Williams-Sonoma

Net revenue for San Francisco-based Williams-Sonoma (NYSE: WSM) increased 10.2%, to $794.3 million, for the first quarter ended April 30. That figure is up from $720.7 million after the first quarter last year.

Net revenue for the multititle home goods cataloger/retailer increased 7% to $775.9 million. Direct-to-customer net sales (catalog/Internet) increased 11.4%, to $360.4 million, compared to $323.5 million in the first quarter of 2005. A company statement attributed the increase in direct sales to net revenue generated in the Pottery Barn, Pottery Barn Kids, West Elm, and Williams-Sonoma brands. First-quarter Internet revenues increased 31%, to $201 million, up from $153.5 million last year.

Retail net sales for the period increased 9.2%, to 433.9 million, compared with $397.2 million last year. Comparable store sales were flat from last year. CEO Ed Mueller said in a statement: “We are very pleased to deliver to our shareholders another consecutive quarter of strong financial results. During the quarter, we expanded our retail presence in the West Elm and Williams-Sonoma Home brands and continued to make significant progress on our 2006 supply chain initiatives, including the refinement of our daily store replenishment program and the in-sourcing of our East Coast furniture hub operations.”

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.