Williams-Sonoma (or “the company”’) is a US based specialty retailer of home furnishing products. The company markets its merchandise through three channels including retail stores, catalogs and online web portal. The company primarily operates in the US. It is headquartered in San Francisco, California and employed 8,300 people as of January 2008.
The company recorded revenues of $3,944.9 million during the financial year (FY) ended January 2008, an increase of 5.8% over 2007. This was primarily due to growth in store leased square footage, comparable store sales, the impact of the extra week of net revenues in FY2008, a 53-week year, catalog page circulation and internet business. The operating profit of the company was $313.4 million during FY2008, a decrease of 4.3% compared with 2007. The net profit was $195.8 million in FY2008, a decrease of 6.3% compared with 2007.