Williams-Sonoma (WSM) Announces Temporary Store Closures Across its Portfolio of Brands
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Dividend Yield: 1.4%
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Williams-Sonoma, Inc. (NYSE: WSM), a leading home specialty retailer of high-quality, sustainable products for the home, announced today the temporary closure of all U.S. and Canada stores, effective 6pm local time, March 17, with a plan to reopen on April 2, 2020.
Laura Alber, President and Chief Executive Officer, commented, “Times like these remind us all that community comes first. Our thoughts are with all of the people affected by this devastating outbreak around the globe. After careful consideration, we have decided to temporarily close our stores in the U.S. and Canada, effective March 17, with a plan to reopen on April 2. Our e-commerce sites, distribution centers and customer care centers will remain open, and we will keep our online order pickup at curb side and ship from store, as local regulations allow. As the coronavirus situation evolves, we will adjust our plans as needed.”
Williams-Sonoma operates a portfolio of loved brands comprised of Williams Sonoma, Williams Sonoma Home, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Rejuvenation, and Mark and Graham.
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