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Williams-Sonoma Opens Third West Elm Store in New Jersey

Williams-Sonoma, Inc.WSM recently announced the opening of the third West Elm store in New Jersey. Located at West Side Lofts in Red Bank, the new 11,000-square-foot store will debut on Oct 22 and offer West Elm's holiday assortments.

The brand's holiday assortment of home furnishing will include Fair Trade Certified handcrafted and local goods. Under West Elm's LOCAL initiative, the store will offer a local assortment of home products. They will be especially designed by seven New Jersey-based artists including Arbor, Brian Farrell Art & Design, Dirtsa Studio, MAVIS Studio, Mindful Soap Company, Nightingale Projects, and Salt & Still.

West Elm is one of Williams-Sonoma's iconic home furnishing brands. The brand offers personalized products including branded furniture, bedding, bathroom accessories, rugs, curtains, lighting, decorative accessories, dinnerware, kitchen essentials and gifts created by the company's team of artists and designers.

Williams-Sonoma has been consistently adding new stores in order to drive sales. The company offers exclusive designs for home furnishing products, textiles, accessories and entertaining essentials. New stores enable the company to cater to increasing demand for innovative products and keep up with the latest trends in home furnishings.

Solid growth across the West Elm brand, addition of new businesses and solid execution across all brands has been driving this Zacks Rank #3 (Hold) company's performance. Moreover, its e-commerce business is gaining traction. Successful launch of new products and stores is also contributing to its top line.

Stocks to Consider

Some better-ranked stocks in the home furnishing space include Tempur Sealy International Inc. TPX , Mohawk Industries Inc. MHK and Restoration Hardware Holdings, Inc. RH . All three companies carry a Zacks Rank #2 (Buy).

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TEMPUR SEALY (TPX): Free Stock Analysis Report

RESTORATION HDW (RH): Free Stock Analysis Report

MOHAWK INDS INC (MHK): Free Stock Analysis Report

WILLIAMS-SONOMA (WSM): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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