Why Work From Home Is Good For Williams-Sonoma

Рет қаралды 167,851

3 жыл бұрын

In the midst of the pandemic, Williams-Sonoma has stood out as a company, its stock price reaching a new all-time high in January 2021, despite many businesses declining. Paired with its strength in e-commerce, the company's ongoing success is due in large part to consumers staying at home more than ever before. Still, the company faces potential headwinds as the shift to online shopping impacts home furnishing sales and rivals like online furniture retailer Wayfair increase their market share. As a retailer known for its brick-and-mortar locations, can the brand keep up its success?
Correction (February 7, 2021): At 00:36 we misstated the date when WSM reached its all time high. The correct date is January 27, 2021.
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: cnb.cx/SubscribeCNBCclassic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
Subscribe to CNBC PRO: cnb.cx/2NLi9AN
#CNBC
Why Work From Home Is Good For Williams-Sonoma

Пікірлер: 167

@GabrielHargens 3 жыл бұрын

CNBC - My mother, deceased, is the brunette on the left around 4:08 ( kzfaq.info/get/bejne/eNp1jcdkxMDXhJs.html ). Where did this footage come from; is there more footage? She bought that item in the late eighties or early nineties.

@balthorpayne 3 жыл бұрын

Hope you get an answer. That had to be a mind-blowing moment.

@GabrielHargens 3 жыл бұрын

@@balthorpayne indeed, it was. Thanks!

@spadegreen34 3 жыл бұрын

Just commenting to hopefully push this comment up

@straightupnrg5228 3 жыл бұрын

That’s awesome

@tamihaslam8305 3 жыл бұрын

You Mom had good taste.

@america0wns 3 жыл бұрын

Interesting how not all retails are dead in the water with tech.

@7lol2007 3 жыл бұрын

one of the few thing i rather buy in store are furniture , clothes, bedding etc

@GaganGuptav 3 жыл бұрын

March 2021? How's that possible?

@CoreyChambersLA 3 жыл бұрын

Because CNBC is fake news.

@justinphillips5760 3 жыл бұрын

I was thinking the exact same thing. Small details like that make a difference in future credibility. Seems like they needed to release content ASAP.

@valeriebowling399 3 жыл бұрын

Hope they keep their retail stores. Very helpful to see certain products before buying. They do a great job working with designers to create affordable items, ie, like Schumacker in a placemat.

@jaysmith1685 3 жыл бұрын

Best product is the wifi I would steal working in a restaurant next to it

@violian5 3 жыл бұрын

Wayfair is garbage. Have spent $1600 on furnitures to furnish my entire apartment from Wayfair and all of their regular prices are made up to make it look like you're getting a crazy deal when you see it on sale for 70% off. My queen bed frame for instance supposedly had a regular price of $1200. Upon receiving it, I could've gotten something better at Target for $300 regular price. West Elm furniture is also expensive, but you do get a quality product made with sturdy wood.

@7lol2007 3 жыл бұрын

agree i shop on amazon for almost everything except for furniture. I rather pay more from west elm . pottery barn etc they just last way longer. It also cost money to get rid of furniture people forget that lol

@cb4664 3 жыл бұрын

Yeah I don’t mess with Wayfair....

@yummymommy2275 3 жыл бұрын

Only rich ppl shop there, nice to hear they are doing well and have money to spend on redecorating

@LG141602 3 жыл бұрын

Lol. True.

@dt4654 3 жыл бұрын

or if you are a bridezilla ignoring the pandemic, have your wedding registry filled with stuff from them LOL

@emmanuilushka 3 жыл бұрын

that creepy boy's portrait in Seth Basham room

@iTzDritte 3 жыл бұрын

They’re great. I had to wait 1 month to get my back-ordered $700 All-Clad set, but I was happy to do it.

@FinancialShinanigan 3 жыл бұрын

Furnishing doesn't really provide repeat purchases, I prefer sticking with TJX since they have HomeGoods but also TJ Maxx and Marshalls for apparels etc

@Alex-rl6ww 3 жыл бұрын

These video have become a commercial not buy the product but to buy the stock and I love every second of it hahahaha

@cvrajendra 3 жыл бұрын

Staying and working at home for almost an year now, I've been paying a lot of undue attention to the furniture around me

@nathandeleeuw9558 3 жыл бұрын

I love your content #CNBC keep up the good work shout out from The Netherlands!

@mrperez7036 2 жыл бұрын

really clear explanation for an average customer like myself just trying to learn about a company.

@sutats 3 жыл бұрын

On March 27 2021 the stock hit an all time high closing price. Buy, buy, buy!

@lauraigla6319 3 жыл бұрын

I would imagine it's less "being afraid of takeout and going out," like that guy said, and more of... I'm already at my house, my kids are here, and I don't have a commute sucking up half my evening so it becomes more convenient to make food at home, especially with the rise of grocery delivery.

@uthmanbaksh3530 3 жыл бұрын

I have been to the Williams Sonoma in the Mall at the Tine Warner Center. They have lots of cool stuff there that I wish I could buy, mostly since the pots and pans that my parents bought 20 years ago need replacing ASAP! The cast iron skillets are still really good but everything else needs replacing.

@paxdriver 3 жыл бұрын

How is the the interview microphone sounding clearer than the studio narration microphone? It's like listening through a rolled up carpet. Drop me a line if you need a cheap audio engineer 😜

@sanjaypriyadarshi 3 жыл бұрын

Very informative documentary

@naminekulowahyu 3 жыл бұрын

with us listening to this news, hopefully those who have businesses can move forward again.

@ruvin7023 3 жыл бұрын

Williams Sonoma is so expensive though

@TUMBEX1 9 ай бұрын

Excellent video with lots of insights on consumer behavior and trends.

@matthewconaway3510 Жыл бұрын

I’m buying WMS right now. Between buybacks and dividends with zero LT debt on the balance sheet, they’re very shareholder friendly. Will keep DCAing this entire year each paycheck.

@chang-kp9sp 3 жыл бұрын

It is true how to manage any business with vision is important even in time of pandemic.

@chrisp5526 3 жыл бұрын

Williams Sonoma and Sur La Table are fun to browse, and they do have good products. However, they do not always have the best products. I wish they would only carry the best products for cooking.

@Tylar571 3 жыл бұрын

Can we get a feature like this on the founding of Pottery Barn? It’s a fascinating story.

@DrugsforKids 3 жыл бұрын

West elm has one of the most horrible customer service and delivery system. Obviously their ecommerce system hasnt caught up to volume of online orders

@tommytenzo 3 жыл бұрын

True. I’ve had to wait 3 months to get my furniture.

@youngrangchun9923 3 жыл бұрын

@@tommytenzo same here

@cattigereyes1 3 жыл бұрын

You pay higher electricity bills working from home. Lack human interaction and deal with useless management who are on vacation permanently

@bubblygranolachick 3 жыл бұрын

The company saves on office space, you think they would compensate you partly with what they saved

@k31than 3 жыл бұрын

It depends on how much you spend on fuel driving to and from work 5 days a week vs a few cents per kwh for 8 hours in 5 days. As for human interaction, it doesn't/won't matter much either if the very people you interact with at the office are basically the same people you chat and Zoom with on your home PC/laptop.

@RN-yo4qm 3 жыл бұрын

Sonoma just closed their store in the Mall of Louisiana.

@bushcanesfive00 3 жыл бұрын

They already closed their doors in MacArthur Center in Norfork, Va a year ago.

@celestecisneros8359 3 жыл бұрын

Unfortunately customers don't understand how hard the job is. The customers are so rude and disrespectful. The delay with delivery is ridiculous . Next time you place an order please be nice to the person on the phone it's not there fault they have no information or what you want to hear. We only give the information that is given to us. Make a video about the employee and not managers the actual representatives taking the calls.

@Joyhtx 2 жыл бұрын

Do u work for WS?

@latoyaapril2129 3 жыл бұрын

I’m confused what year am I in right now.

@USARoadtrip364 3 жыл бұрын

Thanks for the real good video for $wsm

@cocopaulette 3 жыл бұрын

Worse customer service though! Everything is always in backorder. Can't wait for Amazon to take over this market. I used to love WS, but their other brands, specifically Pottery Barn and West Elm ruined it for me.

@tea98988 3 жыл бұрын

It’s too bad that Sur La Table didn’t make it in our town,

@melissatolito9418 3 жыл бұрын

So if they are doing so great why did they close the location in Baton Rouge?

@theresa78201 Жыл бұрын

Sometimes the mall wants to charge more rent in the new lease than WS is willing to pay.

@stephaniebergmann1365 3 жыл бұрын

Lots of Americans are moving and buying houses too. With the rent dropping in many cities- many people are moving out of shared apartments and into their own places. I’ve done that- along with about six of my friends. I also have three friends who have relocated and bought houses. A great time to be selling furniture for sure. Not to mention working from home you have all the time to watch KZfaq- and home decor channels🤣🤣🤣🤣

@twomackjr 3 жыл бұрын

March 2021 saw its stock rise????

@ignaciomunoz532 3 жыл бұрын

You guys should make a video about the rise of GYMSHARK!

@sameeramadushanka5357 3 жыл бұрын

Is this a really long commercial for this company?

@k31than 3 жыл бұрын

Think of it (CNBC) as a video magazine for people who belong "in the [big] club" where they create a special feature for various members of the "club".

@CuddleFish124 3 жыл бұрын

0:33 well considering it currently is FEBRUARY 2021 I’m assuming this guy meant to say “March 2020”, unless this man is from the future in which case I am genuinely confused 🧐

@KevinCollins0 3 жыл бұрын

Ooh.. Did they just predict the next GME? :33 into the video? Buy now!

@platero1993 3 жыл бұрын

I thought it was thr brand from kohl's lmao 😂 😂 😂

@XxCremeDeLaCreme 2 жыл бұрын

Me too lmao you learn something everyday 🤭

@superazn264 3 жыл бұрын

Watch their stock prices go up tomorrow by 10%...

@jz5748 3 жыл бұрын

is this the part of pump and dump?

@alparslankorkmaz2964 3 жыл бұрын

Nice video.

@twlee1930 3 жыл бұрын

At 0:33 the narrator says, "On March 27th, 2021" but today is Feb 7th 2021. Are you seeing into the future?

@jainpriyam 3 жыл бұрын

March 27, 2021!!!!

@piguy3945 3 жыл бұрын

Idk, I prefer Marshall’s and TJ Max

@Gabster1990 3 жыл бұрын

I also love Home Goods.

@M22OHIO 9 ай бұрын

I shop out of my neighbors garbage cans on garbage day.

@bernardtarver 3 жыл бұрын

Watching this from my 20+ y/o Pottery Barn office chair; albeit, my "work desk" is an ordinary folding table. Just sayin'.

@1gr8chef123 3 жыл бұрын

I bet you dont have the courage to say this to me face, tough guy!!!!

@fornello123 3 жыл бұрын

0:01 when you spot the perfect household slave for sale on the dark web

@fnaproductions1767 3 жыл бұрын

I think they should reinvest those profits to get the ceo a new mic

@Hydrospx 3 жыл бұрын

I thought Williams Sonoma only sold wine. LOL!!!!

@yourgooglemeister6745 3 жыл бұрын

Next video from CNBC: how William Sonoma not locating in black areas is racist

@ilovegoodsax 3 жыл бұрын

Apparently you've never been to suburban Atlanta.🙄

@shartman2150 3 жыл бұрын

Laura Alber is wrong- employees were absolutely furloughed! I know from personal experience. The store was better with Lester Howard at the helm. It was a great place to work. But it was a different time.

@the.annethology 3 жыл бұрын

Wow the bots are all over the comment section 😩🤦‍♀️

@nixonhoover2 3 жыл бұрын

I see dead ☠️ people.

@johnnyexodice1297 3 жыл бұрын

Johnny Exodice LIVES 🍍🐅👩‍🔧

@user-fb4zo8wd5n 3 жыл бұрын

Please take out the background music. Very distracting.

@roderick2700 3 жыл бұрын

I love this industry

@mmmuck 3 жыл бұрын

Now if they could just get their site working in Quebec

@_pr0bl3ms68 3 жыл бұрын

March 27th. 2021??? I don’t think that’s right 😂

@saeedbasabain4188 3 жыл бұрын

Good , i am working from home

@neen79 Жыл бұрын

👌🏾👌🏾👌🏾👌🏾

@mikedat276 2 жыл бұрын

......and they are fired.

@sanbetski 3 жыл бұрын

nice advertising here

@christinahewett5390 3 жыл бұрын

Please post accurate videos

@MichaelSmith-fc3fe 3 жыл бұрын

Bitcoin is the feature investing in it now is the wesest thing to do now especially the current rise

@olivermason6560 3 жыл бұрын

Despite all the economic crisis this is the right time to start up an investment

@robertsmith6673 3 жыл бұрын

Stocks are good but crypto is more profitable

@JamesJohnson-ss2bx 3 жыл бұрын

I wanted to trade crypto but got confused by the fluctuations in price

@williamgarrett9043 3 жыл бұрын

That won't bother you if you trade with a professional like Mr Gregory

@Joe-pv4xu 3 жыл бұрын

I heard that his strategies are really good

@japonesa5186 3 жыл бұрын

Y’all act like people don’t like going into stores... trust... we will be back... we like shops.

@j.trulyrandom 3 жыл бұрын

No counter views? 🤔

@mariapulley4470 3 жыл бұрын

Big picture wise, people are acquiring more and more debt.

@Rparhar91 2 жыл бұрын

Worked for them, it was terrible

@masterhochig 8 сағат бұрын

Same

@Mooooty 3 жыл бұрын

Greed is Good!

@thunderboy4161 3 жыл бұрын

First like

@AE-nf8nz 3 жыл бұрын

love female ceos

@uhaul1133 3 жыл бұрын

@boomsuga 3 жыл бұрын

Who cares

@Zeratul187 3 жыл бұрын

8:30 dude's got really creepy paintings behind

@bethyeary8995 3 жыл бұрын

Looks like something a beginning artist would paint when just learning.

@AKKalashnikov 3 жыл бұрын

His kids? 😐

@bethyeary8995 3 жыл бұрын

@@AKKalashnikov could be.

@chanidax987 3 жыл бұрын

#EATtheRICH

@auro1986 3 жыл бұрын

should this mean williams-sonoma designed coronavirus?

@houchi69 3 жыл бұрын

Yes, overpriced Made in China junk...

@CLINT-THE-GREAT 3 жыл бұрын

You obviously have no idea what you’re talking about. Le Cruset is made in France. Wustof , the lines WS carries, are made in germany

@otsoko66 3 жыл бұрын

@@CLINT-THE-GREAT Also W-S is one of the few places where you can buy really high quality, made-in-the -Netherlands, coffee brewers and made-in-Italy espresso machines. houchi69 has no clue.

@catkasimir 3 жыл бұрын

work from home sucks

@XxCremeDeLaCreme 2 жыл бұрын

I’ve been working from home for a year now & i actually love it. I agree It’s not for everyone though. When you have the additional space to spice up a “office” and having your own privacy, you appreciate it.