The retailer will open 29 net new units: six Williams-Sonomastores, six Pottery Barns, two Pottery Barn Kids, 12 West ElmStores, two outlet stores and one Williams-Sonoma Home unit. Plansalso call for 20 remodels.
"We'll be operating in one of the most challenging environmentswe've seen in many years. Our approach is that this will not bebusiness as usual," said Howard Lester, chairman and CEO. "[But]over the last couple of years we've had many opportunitiespresented to us and we want to take advantage of them."
Net revenues for the 14-week fourth quarter increased 9.5% to$1.4 billion over the same, 13-week quarter the previous year.Comparable-store sales dropped 0.1%. Earnings were $124.6 million,up from $121.1 million the previous year.
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