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Kitchenware Chain Cooks Up Firm Growth.(B)
Byline: David Saito-Chung
Williams-Sonoma broke out to 52-week highs in December last year and climbed about 68% to an all-time high of 33.50 in June this year. The stock is now forming what is so far a six-month base.
The seller of luxury kitchen products also runs the Pottery Barn home living store chain. Revenue has grown about 22% a year over the past five years and from 14% to 16% in the past four quarters. One factor for the steady growth is that the company began introducing new items every couple of weeks, encouraging people to visit shops more frequently, according to a July 26 New America article.
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