Williams-Sonoma hurt by weaker sales
The Reuters news agency reported today that retailer Williams-Sonoma Inc. has ``sharply lowered its outlook for the rest of the year on Wednesday, hurt by weaker sales over the past six weeks as consumer confidence and demand for home goods fell in the wake of the global financial crisis and a looming recession.''
Williams-Sonoma, Inc. announced that it has completed the $65 million stock repurchase program approved in September 2010, and its Board of Directors has authorized a new $125 million stock repurchase program.