BUSINESS
April 16, 2005 | From Bloomberg News
Williams-Sonoma Inc., the owner of home furnishings retail chains including Pottery Barn, eliminated a lease accounting expense, boosting its fourth-quarter net income to 95 cents a share. The company, which reported a 9-cents-a-share expense March 22 and reversed it on advice from the Securities and Exchange Commission and auditors, increased its earnings forecast for this year by 1 cent a share because of the accounting change.
BUSINESS
March 30, 2006 | From the Associated Press
Williams-Sonoma Inc. said Chairman W. Howard Lester and Chief Executive Edward A. Mueller were each getting a $731,300 bonus for the fiscal year that ended Jan. 29. The bonuses matched those that Lester and Mueller received for each of the two preceding years, according to the San Francisco-based home product retailer's last two annual proxy statements.
BUSINESS
January 14, 2004 | From Bloomberg News
Williams-Sonoma Inc., a retailer of upscale kitchen and home furnishings, will introduce a new brand, Williams- Sonoma Home, by mailing catalogs in September or October. The brand, to feature premium furniture and other items, eventually may include stores if the catalog is successful, Williams-Sonoma Executive Vice President Patrick Connolly said. Shares of the San Francisco-based retailer fell 24 cents to $32.50 on the NYSE. From Bloomberg News
BUSINESS
July 9, 1999
Stride Rite Corp. Chief Executive and Chairman James Eskridge resigned from the maker of Keds and other shoes due to strategic disagreements with the board. A former executive of Mattel Inc., Eskridge joined Stride Rite in November. A Stride Rite official declined to elaborate on the nature of the disagreements. * Williams-Sonoma Inc. said it tapped John Tate, chief financial officer at Dole Food Co., as chief financial officer.
BUSINESS
June 26, 1999 | Bloomberg News
Williams-Sonoma Inc. shares rose 17% after a report that the cookware and pottery retailer rejected a takeover offer earlier this month. Starbucks Corp., North America's largest coffee retailer, was named a likely suitor in the report by the San Francisco Chronicle, which cited sources close to the retailer. San Francisco-based Williams-Sonoma declined to comment. A spokeswoman said only that the retailer is not for sale. A Starbucks spokesman also declined to comment.
BUSINESS
August 22, 2003 | From Bloomberg News
Williams-Sonoma Inc., owner of the Pottery Barn and Williams-Sonoma stores, said fiscal second-quarter profit climbed 26% after the company opened more locations and kept the chains better stocked with merchandise. Net income rose to $17.8 million, or 15 cents a share, from $14.1 million, or 12 cents, a year earlier, the San Francisco-based company said. Sales in the three months ended Aug. 3 increased 17% to $580.4 million.