When Williams Sonoma reported its fourth quarter and fiscal year results last week it was a tale of two lines: the bottom line showed nice profitability, but the top line continued to underperform with double digit declines in sales. Sonoma goosed its stock market position with a big dividend and stock buyback but the fact remains that along with the rest of the better home furnishings retail market, it remains all about mortgage rates and the housing market. Until the former go down the latter will not go up. I’ve sorted out who did what this past quarter…so you don’t have to: https://businessofhome.com/articles/has-the-post-pandemic-slump-finally-caught-up-with-williams-sonoma
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