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"When we price the goods the first time, we want you to say, 'wow, that's a great price, and how gorgeous is that product?'" Williams-Sonoma beat earnings and raised its outlook, sending shares to a new all-time high to finish up 27.54% by close. Alber critiqued the short-term promotion and discount pricing strategy sometimes used by other retailers, saying this approach isn't successful in the long term, as customers become "trained to wait for that promotion." She suggested customers trust the "pricing integrity" of Williams-Sonoma when it initially prices items. Williams-Sonoma is known as a high-end brand, but Alber claimed the company's prices are attainable.
Persons: Laura Alber, CNBC's Jim Cramer, Williams, Alber, they're Organizations: Williams, Sonoma Locations: Sonoma
I'm an interior designer, and I chose furniture and decor I'd pick up from West Elm right now. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . As a designer, I'm always on the lookout for chic, high-quality pieces, and the modern-furniture chain continues to impress me with its selection. Here are 10 pieces I'd absolutely pick up from West Elm right now.
Persons: Fiona, Cleo, , I'm Organizations: Elm, Service
As an interior decorator, there are a few items I'd never buy at West Elm. Instead of purchasing wall art from the retailer, I'd look for pieces from local painters. The store's faceted-brass drink table doesn't seem sturdy, so I'd look for better alternatives. AdvertisementAs an interior decorator, I know West Elm is a great place to shop for high-quality furniture and unique pieces. Though I like West Elm, the store carries a few items I wouldn't pick up for myself or my clients.
Persons: Organizations: West, Service
As Hurricane Milton hit, TikTok was filled with live streams from people in Florida. But even though there were plenty of live videos, it was hard to follow for breaking news. As night fell and power outages swept the coast, I watched live streams of palm trees swaying in the dark rain. And indeed, TikTok found controversy for Hurricane Milton. That was far different from on X, which previously used to be the best place to get live news.
Persons: Hurricane Milton, TikTok, , Milton, Elon Musk, X, Dan Rather's, Anderson Cooper, BillWeirCNN, EZNnpz3K6e, Brian Stelter, Caleb, Hurricane Helene, didn't, Caroline Calloway, Ross, Donald Trump, Max Read, TikTok isn't Organizations: Hurricane, Service, Elon, CNN, BI, Twitter Locations: Florida, Hurricane, North Carolina
As an interior designer, I love shopping at West Elm for myself and my clients. From dinnerware to cozy duvets, West Elm carries lots of great fall home essentials. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs an interior designer, West Elm is consistently one of my go-to places to shop for furniture and home decor. I especially love visiting West Elm, owned by parent company Williams-Sonoma Inc., as the seasons start to change because the store offers plenty of versatile pieces to help me transition my decor from summer to fall.
Persons: Colin King, Organizations: West, Service, Elm, Williams, Sonoma Inc, Business Locations: Elm
I'm exploring how we could save money on these purchases by opening up a new credit card, so I asked certified financial planner Bobbi Rebell whether it's a better idea for us to open a store credit card or a rewards credit card. "Sometimes store credit cards come with 0% interest for a given period of time." The Pottery Barn credit card also works at all seven brands under the store's umbrella, including West Elm and Williams Sonoma. Rewards credit cards come with more flexibility and ongoing perksDespite the perks that store credit cards offer, Rebell says that other credit cards come with more flexibility, especially with how you can use your rewards. That's useful, especially if we need more than 12 months to pay off our credit card bills once a store credit card's 0% APR wears off.
Persons: , we've, we're, Bobbi Rebell, Rebell, We've Organizations: Service, Business, Elm Locations: Williams Sonoma
6:59 a.m.: Citi raises AT & T price target A wave of improving outlook for telecommunications could benefit shares of AT & T , according to Citi. The firm upgraded the telecommunications company to neutral from sell and left its $350 per share price target unchanged. "Although our 2028 EPS is still c16% ahead of consensus, we now see less scope for earnings outperformance 2024/2025," the analyst added. The firm upgraded the home furnishings stock to buy from hold and increased its price target to $156 per share to $148. His price target of $105, down from $122, implies upside of just 8.7% from Tuesday's close.
Persons: Goldman Sachs, Morgan Stanley, Jefferies, Michael Rollins, Rollins, — Brian Evans, Graham Parry, Parry, Sonoma Jefferies, William, Jonathan Matuszewski, Matuszewski, Brian Evans, Goldman Sachs downgrades Morgan Stanley, Richard Ramsden, Ramsden, Fred Imbert Organizations: CNBC, Williams, Citi, AT, JV, Apple, Communications Citi, Communications, Charter Communications, Bank of America downgrades Novartis Bank of America, Novartis, William, Elm, Brands, WSM, Goldman Sachs downgrades Morgan Stanley Investors Locations: U.S, Sonoma, Swiss, William, Tuesday's
That's when we discovered Ikea's $99 interior-designer service. AdvertisementFirst, we booked an appointment and filled out a questionnaireWe used Ikea's interior-design service to get inspiration for our living room. Jordi Lippe-McGrawIt was easy to book Ikea's design service but it can be a bit tricky to find on the retailer's website. We purchased some Ikea pieces and used other suggestions as inspirationWe bought bed frames and nightstands from Ikea. Overall, Ikea's service offers incredible valueWe used our designer's plans to inspire our home's design.
Persons: , Jordi Lippe, McGraw Organizations: Service, Business, Ikea Locations: McGraw, Airbnb
Pillows are one of my favorite accessories, and West Elm has great options. I love the variety of pillows available at West Elm. Bri MacdonaldPillows can instantly transform a room's appearance, making it look more comfortable, inviting, and expensive. West Elm carries a wide selection of pillows in various textures and patterns. I love all types of materials, but right now, I love using velvet and embroidered pillows to add plush sophistication to any space.
Persons: Bri Macdonald Organizations: Elm
Read previewRobert Rivani got a taste for business flipping shoes as a teenager in his hometown of Los Angeles. At 18 years old, Rivani said he was approached to sell his shoe collection for over $150,000 and he took it. Rivani left California in 2022 to make his mark in Miami, where he's grown his real-estate portfolio. Even that 45-minute drive is valuable time, so his personal assistant or wife drives while Rivani texts and takes calls. Rivani has the luxury of having restaurants, including Delilah Miami, as tenants and can host multiple meetings in one location instead of bouncing around Miami.
Persons: , Robert Rivani, Rivani, Lion, Williams, Harry Potter, Krystal, Anna Orsborn, I've, Delilah Miami, Michael Timzil Nio, — that's, we're, he's Organizations: Service, Jordan, Business, Beverly Hills, 1Ten, Vikings Locations: Los Angeles, California, Miami, South Florida, Miami Beach, Elm, Williams Sonoma, Beverly, East Coast
Bargain retailers like Walmart and Costco have benefitted, as shown by the retailing industry’s recent slew of first-quarter earnings releases. Sales at its stores open at least a year increased 3.8% in the quarter from the same time last year. Which means that Americans are still spending, but selectively, and that “value shopping” means different things to different people. “A sizable segment of them are focused on value, however, that doesn’t directly correlate to a low price. Shoppers are willing to spend if they see value in an on-trend, well-made dress from Abercrombie – or a healthy salad from Sweetgreen.”
Persons: They’ve, What’s, , Neil Saunders, ” Saunders, Fitch, Stephanie Keith, Lilly Pulitzer, Laura Alber, Anne Hathaway, Della Patria, Elisabetta Villa, Richard Dickson, Zak Stambor, eMarketer, ” Stambor, , Abercrombie – Organizations: New, New York CNN, Walmart, Costco, GlobalData, CNN, Abercrombie, Bloomberg, Getty, Hollister, Sonoma, Navy, Banana, , Shoppers Locations: New York, Sonoma, Elm, Williams, Rome, Italy, Europe, Banana Republic
Shop at Walmart What we like Check mark icon A check mark. Local dimming for excellent contrast controlCheck mark icon A check mark. Shop at Mattress FirmFor a full breakdown of mattress deals, check out our guide to the best Memorial Day mattress sales. Shop at Amazon What we like Check mark icon A check mark. Shop at Amazon Shop at Kohl's What we like Check mark icon A check mark.
Persons: we've, you'll, you've, fryer, Braun, Fryer, Ninja's, Ninja, Crisp, Pick, It’s, Max, Casper, Pillow, Topper, Allbirds Organizations: Business, Apple, Day, Samsung, Walmart, Samsung TV, Amazon Sony, Amazon Samsung, Amazon, DreamCloud Sealy, Amazon ., Shop, Ninja, Sony, JBL Bluetooth, Amazon Beats, Amazon Apple, JBL, Haven, Elm, Flyers Locations: Brooklyn, France, Chewy
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Target : Shares were dropping 7% after the retailer on Wednesday reported a soft quarter and missed on earnings for the first time since November 2022. "It just wasn't as strong as the other guys," Jim Cramer said Wednesday. " Williams-Sonoma : The company behind Williams Sonoma, Pottery Barn, and West Elm delivered a huge quarter earnings beat on inline revenue. It's really a terrific situation," Cramer said.
Persons: Jim Cramer's, Jim Cramer, Sun Choe, Cramer, Anthro, Williams, Elm Organizations: CNBC, Club, Target, Walmart, Wall Street Journal, Toll, Urban, Urban Outfitters Locations: Sonoma, Williams Sonoma
In a Wednesday interview with CNBC's Jim Cramer, Williams-Sonoma CEO Laura Alber explained how her company handles a tough housing market. "The customer isn't shopping for as much furniture as they were because of the housing slump, but they are, you know, still updating their homes," Alber said. Williams-Sonoma owns several brands besides its own namesake homewares business, including West Elm and Pottery Barn. The company reported an earnings beat on Wednesday, but saw weakness in its Pottery Barn brand. Alber acknowledged that Pottery Barn was affected by high housing costs but said Williams-Sonoma is doing better than others in the industry.
Persons: CNBC's Jim Cramer, Laura Alber, Alber, we've, Williams, We're Organizations: Sonoma Locations: Williams, Sonoma, what's
Read previewIt's been a big week for internet sleuths, who took less than 24 hours to find a man who apparently ghosted his family. On April 7, an X post went viral, containing screenshots of a Facebook post by a woman named Ashley McGuire. McGuire determined that Withers was "unreachable," but it took less than a day for the internet to uncover where he had been. AdvertisementIn a follow-up post, McGuire said she wished Withers no "ill will." Andrew Zashin, a professor of law at Case Western Reserve University and co-managing partner of Zashin Law, where he practices family law, told BI there are distinctions between the stories of Murrey and Withers.
Persons: , Ashley McGuire, McGuire, Charles Withers, Withers, I'm, TMZ Withers, Caleb, Katya Varbanova, Varbanova, Stewart Lucas Murrey, Gregory Keosian, Vanessa Valdez, Andrew Zashin, Murrey, Zashin, That's Organizations: Service, Business, Facebook, Los Angeles Superior, Case Western Reserve University, Zashin Locations: Dallas , Texas, New York City, Illinois, Chicago
Read previewAs the founder of and interior stylist at DBF Interiors, I see plenty of outdated trends and overworn items. Here are a few things I think you should get rid of as soon as possible. Getting rid of your colorless white walls adds some personality and visual interest to your living space. Explore jewel-toned hues to brighten up and add energy to your living room. Instead of standalone art pieces, consider buying a cohesive collection that can be featured as a gallery wall within your living room, bedroom, or hallway.
Persons: Organizations: Service, Business, Elm Locations: West
Walmart is selling a dupe of a pricey West Elm swivel chair. Walmart's Mira Velvet Swivel Chair costs $248, while West Elm's Cozy Swivel Chair costs as much as $899. AdvertisementOn Monday, Apartment Therapy's Morgan Pryor noted that the swivel chair sold at Walmart is a near-identical dupe to West Elm's Cozy Swivel Chair. The West Elm Cozy Swivel Chair. The West Elm Cozy Swivel Chair for $899.
Persons: Walmart's, Cozy, , @guiliannagm, Therapy's Morgan Pryor, Stanley Organizations: Walmart, West, Service, Gardens, Shoppers, Twitter, Costco, Sam's Club Locations: Elm
So far this year, Michael Hogan has spent more than $5,000 on metal bar stools, a curved sofa and other modern décor to furnish a newly built home he’ll never live in. That is because the dwelling is so small it is better suited for a resident the size of a mouse. Take a tiny load offHogan is among a new cohort of dollhouse devotees who are shaking up how grown-ups indulge in the classic children’s hobby. Instead of outfitting old-timey homes with old-timey décor, they are assembling contemporary miniature abodes packed with tiny versions of trendy trappings sold in stores such as IKEA and West Elm.
Persons: Michael Hogan, he’ll Organizations: Hogan, IKEA Locations: West Elm
So far this year, Michael Hogan has spent more than $5,000 on metal bar stools, a curved sofa and other modern décor to furnish a newly built home he’ll never live in. That is because the dwelling is so small it is better suited for a resident the size of a mouse. Take a tiny load offHogan is among a new cohort of dollhouse devotees who are shaking up how grown-ups indulge in the classic children’s hobby. Instead of outfitting old-timey homes with old-timey décor, they are assembling contemporary miniature abodes packed with tiny versions of trendy trappings sold in stores such as IKEA and West Elm.
Persons: Michael Hogan, he’ll Organizations: Hogan, IKEA Locations: West Elm
Whether you're after affordable furniture finds or looking to go custom, there is something for everybody among the best Black Friday furniture deals. If you're buying on a budget, an excellent place to source trendy furniture is Wayfair with Black Friday savings up to 80%. To ensure you don't miss any early Black Friday furniture deals, check back as we update this article with more promotions. For other discounts, keep up with the best Black Friday deals to find all the must-have sales for products in other departments, from kitchenware to the best mattresses, and tech deals too. The best Black Friday furniture salesBlack Friday living room furniture dealsBlack Friday bedroom furniture dealsBlack Friday dining room furniture dealsBlack Friday home office furniture dealsBlack Friday rug deals
Persons: We're, Lauren Savoie Organizations: Black Locations: kitchenware
We asked professional organizers for the holiday storage solutions they use and suggest to clients when it’s that time of year. Brenna Peyton, owner and lead organizer of One Organized Girl, likes this tree storage bag for its durability and ease of use. “You simply wrap the wires around the storage and put it into a storage container to keep it in great shape for the following year,” she says. Best storage for holiday dishesHoliday-themed dinnerware is prone to breakage, making it important to get your storage right. Best general holiday storageIt’s difficult to have a designated storage container for every single holiday item.
Persons: Korin Miller, Brenna Peyton, , Naeemah Ford, ” Peyton, Peyton, Goldson, Goldston, , Leigh Achenbach, “ They’re, Achenbach Organizations: Elm Locations: Balsam, West Elm
Faye Lauren, a celebrity makeup artist, loved the Williamsburg, Brooklyn, apartment she shared with two roommates for eight years. But in July, when Hollywood actors called a strike, celebrity red carpet events, and, in turn, Ms. Lauren’s career, evaporated. Without income, Ms. Lauren could not pay the rent. “When the actors’ strike happened, I knew that I had to leave,” she said. Two months into the actors’ strike, and almost five months into a writers’ strike against the same entertainment companies, people who work in the film and television industry are struggling to keep up with basic living expenses.
Persons: Faye Lauren, Lauren’s, Lauren, , , sublet, Bowie Locations: Williamsburg , Brooklyn, South Florida
US furniture retailers like RH and Williams-Sonoma are struggling to sell products in a tight housing market. The unaffordable housing market is stretching wallets and making new furniture less of a priority for buyers. A slew of furniture brands have reported weaker earnings in the most recent quarter. Furniture retailers have reported weaker sales as Americans, who are struggling to break into the housing market, aren't buying the usual amount of couches, tables, and home goods. "A housing shortage and the over 20-year high on fixed mortgage rates has slowed down housing activity.
Persons: RH, Hooker, Jeremy Hoff Organizations: Williams, Service, Bloomberg, San Francisco Federal Reserve Bank Locations: Sonoma, Wall, Silicon, Williams, Elm, Virginia
What China’s new smartphone means for Wall Street
  + stars: | 2023-09-11 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +9 min
Huawei’s feat could mean that Chinese technology has been progressing much faster than previously thought. Before the Bell spoke to Zino about what’s happening and what it means for Wall Street. Huawei’s new smartphone uses an internally developed, very powerful chip that’s manufactured by the Semiconductor Manufacturing International Corporation (SMIC), a partially state-owned Chinese semiconductor foundry. In the long term, this is probably a good thing for the leading semiconductor companies like Nvidia (NVDA) and Qualcomm (QCOM). Furniture companies are in a rutPeople aren’t buying furniture like they used to, reports my colleague Samantha Delouya.
Persons: there’s, Mike Gallagher, Michael McCaul, Angelo Zino, Bell, There’s, they’ve, They’ve, it’s, Anna Cooban, Samantha Delouya, Hooker, , ” Williams, Laura Alber Organizations: CNN Business, Bell, New York CNN —, Huawei, House, Skyworks, Materials, Semiconductor Manufacturing International Corporation, Nvidia, Qualcomm, Intel, Federal Reserve, West Elm Locations: New York, China, Taiwan, Korea, United States, Asia, Saudi Arabia, Europe, Virginia, Wayfair, Williams, Sonoma
CNN —People aren’t buying furniture like they used to. Last week, a pair of furniture retailers said they are experiencing a massive sales slump compared to last year. On Friday, shares of RH (RH) fell 16%, while Hooker Furnishings (HOFT) dropped 17%. The two companies are the latest in a growing list of furniture retailers seeing a slowdown after years of growth fueled by pandemic-era stay-at-home trends. Wayfair, an online furniture seller, saw its second-quarter revenue decline 3.4%, and La-Z-Boy, a furniture manufacturer, reported a 20% drop in sales in August.
Persons: Hooker, David L, Ryan, ” Williams, Laura Alber, Brad Thomas, ” Thomas, , Gary Friedman, Thomas, Bob Williams, Chris Moye, ” Hooker, Jeremy Hoff, Organizations: CNN, West Elm, Boston Globe, KeyBanc, Home, Target, Mortgage, Association Locations: Virginia, Wayfair, Williams, Sonoma, Lynnfield
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