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Williams-Sonoma's (WSM) West Elm Collaborates With RHODE

Williams-Sonoma, Inc.’s WSM portfolio brand, West Elm, entered into a deal with RHODE to unveil a 40-piece home collection that embraces layered prints and vintage detail.

RHODE is a women-owned and operated lifestyle brand that includes decorative accessories, tabletop and colorful textiles with complementary motifs in different colors.

WSM’s capsule collaboration with RHODE will reflect its signature print voice in bedding, linens and entertainment pieces for the home.

Williams-Sonoma Rides on E-commerce Growth

Williams-Sonoma is one of the largest e-commerce retailers in the United States. Its innovative efforts have helped the company to drive e-commerce growth. The company’s investment in merchandising of its brands, efficient catalog circulations and digital marketing boosts revenues from the e-commerce channel. E-commerce penetration has been increasing, buoyed by its in-house tech platform, rapid experimentation program, content-rich online experience and marketing strategies.

Williams-Sonoma is focused on enhancing customer experience through technology innovation and operational improvement. The company remains on track to invest nearly $250 million in fiscal 2023 for the long-term growth of the business, prioritizing technology and supply chain initiatives that primarily support e-commerce growth. The company initiated its long-term growth plan with $50 million invested for capital expenditures in first-quarter 2023.

Shares of WSM declined 1.9% during the trading session on May 31. The stock has declined 7.9% in the past three months compared with the Zacks Retail - Home Furnishings industry’s decline of 10.6%.

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Although the shares of WSM have declined, its consistent retail expansion efforts and diversified product portfolio are most likely to drive growth in the upcoming period.

Zacks Rank & Key Picks

WSM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Here are some better-ranked stocks from the Zacks Retail-Wholesale sector.

Chipotle Mexican Grill, Inc. CMG sports a Zacks Rank #1. CMG has a long-term earnings growth rate of 31.8%. The shares of the company have risen 49.6% in the year-to-date period.

The Zacks Consensus Estimate for CMG’s 2023 sales and EPS suggests growth of 14% and 33.9%, respectively, from the year-ago period’s levels.

Chuy's Holdings, Inc. CHUY carries a Zacks Rank #2. CHUY has a trailing four-quarter earnings surprise of 23.4%, on average. Shares of the company have increased 30.2% in the year-to-date period.

The Zacks Consensus Estimate for CHUY’s 2023 sales and EPS suggests growth of 9.9% and 24.8%, respectively, from the year-ago period’s levels.

Arcos Dorados Holdings Inc. ARCO currently carries a Zacks Rank #2. ARCO has a long-term earnings growth rate of 9.5%. Shares of the company have gained 1.1% in the year-to-date period.

The Zacks Consensus Estimate for ARCO’s 2023 sales and EPS suggests growth of 13.4% and 4.4%, respectively, from the year-ago period’s levels.

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Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report

Williams-Sonoma, Inc. (WSM) : Free Stock Analysis Report

Chuy's Holdings, Inc. (CHUY) : Free Stock Analysis Report

Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report

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