With a barn-burning fourth quarter capping off an already fantastic year, Williams-Sonoma is enjoying one of the hottest streaks in recent home furnishings retail history. BOH’s columnist looks at what lies ahead.
In third-quarter earnings posted this week, Walmart, Target, Home Depot and Lowe’s all announced outstanding results, forecasting a rosy financial outlook for the home furnishings and remodeling category in spite of an economy plagued by supply chain, inflationary and workforce challenges.
Wayfair reported disappointing third-quarter results, with sales and customer growth down significantly. While company leadership says it’s focused on long-term plans, Warren Shoulberg explains why adding a brick-and-mortar component may be a necessity for the brand.
In announcing second-quarter earnings that border on the insanely great, RH laid out its latest vision for the future, both short term in 2022, and for the next decade. In doing so, it took up its forecasts for the rest of its fiscal year, putting its faith in a sustained future for America’s love for their homes—and in RH to furnish them.
Bed Bath & Beyond is halfway through its three-year plan to close 200 stores, part of a massive brand reinvention. But brick-and-mortar shopping remains integral to the company’s strategy, explains Retail Watch columnist Warren Shoulberg.
Wall Street can’t quite make up its mind about Herman Miller these days. Is it a work-from-home play like Zoom or DocuSign, or should we think of it more as a reopening trade like airline and hotel stocks? Is it a retailer or an office furniture maker? As Market Watch columnist Dennis Scully explains, the answer is all of the above.