Pottery Barn, a portfolio brand of Williams-Sonoma, Inc. (NYSE: WSM), the world’s largest digital-first, design-led and sustainable home retailer, has announced an exclusive home furnishings collaboration with 20th-century American painter and illustrator, Norman Rockwell. Best known for his warm, nostalgic, and often humorous depictions of everyday life in America, Rockwell’s beloved Holiday artwork from the mid-20th century inspired the Pottery Barn design team to create a festive collection of bedding, l ...

One of the most comprehensive launches in StarMark's history ushers in timeless craftsmanship and trending finishes. StarMark Cabinetry is also introducing curved end panels, a modern arch valance and new island end options, further expanding customization opportunities for homeowners and designers alike – allowing more ways to bring personalized, high-impact details into any space. The brand also unveiled a refreshed brand identity featuring an updated logo, captivating photography and a cohesive visual la ...

Oct 6, 2025 9:05 AM Eastern Daylight TimeCORTE MADERA, Calif.--(BUSINESS WIRE)--RH (NYSE: RH) announced today the opening of RH Manhasset, The Gallery at Americana, an immersive retail experience spanning three levels and 19,000 square feet, seamlessly integrating luxury home furnishings collections with rare art, antiques and artifacts from across the globe.To view the full announcement, please click here.ABOUT RHRH (NYSE: RH) is a curator of design, taste and style in the luxury lifestyle market. The Comp ...

Key Points RH has rearranged its supply chain to adapt to existing tariffs. An additional 50% duty on imports of kitchen and bathroom furnishings, as well as 30% tariffs on upholstered furniture tariff will complicate its business further. CEO Gary Friedman thinks it will be harder for his competitors to deal with. 10 stocks we like better than RH › RH (NYSE: RH), the company formerly known as Restoration Hardware, is no stranger to the trade war, but things might be set to go from bad to worse. ...

Group 1: Tariff Announcements - A new wave of tariffs will take effect on October 1, 2025, including a 100% levy on imported branded and patented pharmaceuticals, a 50% tariff on kitchen cabinets and bathroom vanities, a 30% tax on upholstered furniture, and a 25% duty on heavy trucks [2] - The rationale for these tariffs is to protect American businesses from foreign goods and for national security reasons [2] Group 2: Market Reactions - The immediate market reaction on September 26, 2025, was mixed, with the Dow Jones Industrial Average gaining 0.33% to close at 42,313.00, while the S&P 500 dipped 0.13% to 5,738.17, and the Nasdaq Composite fell 0.39% to 18,119.59 [3] - Home furnishings retailers and manufacturers, such as Wayfair and RH, experienced sharp declines, with RH dropping over 4%, while overseas pharmaceutical stocks also took a hit [4] Group 3: Economic Implications - Analysts warn of rekindled inflation concerns, particularly regarding healthcare expenses, as drug prices could potentially double due to the tariffs [6] - The Flash U.S. Manufacturing PMI fell to 52.0 in September from 53.0 in August, indicating supply chain disruptions and higher costs tied to the tariffs [6] Group 4: Historical Context - The current tariff situation is reminiscent of earlier tariffs imposed in April 2025, which led to significant market declines, including a 4.88% drop in the S&P 500 [7][8] - The S&P 500 had fallen about 12% within four days following the April tariffs, indicating the market's sensitivity to such announcements [9] Group 5: Broader Economic Concerns - The combination of aggressive trade policies, rising inflation, and a weakening labor market suggests a precarious economic environment, with Moody's Analytics indicating the U.S. economy may be closer to a recession than many investors realize [16] - Gold prices have shown a slight increase to around $3,789.80 per ounce, reflecting ongoing geopolitical tensions and economic uncertainties [17]

Core Viewpoint - The U.S. government, under President Trump, has announced new tariffs aimed at pharmaceuticals, heavy trucks, and home furnishings to protect domestic industries and reduce dependency on foreign suppliers [1][2]. Pharmaceuticals - A 100% tariff will be imposed on all imported branded or patented pharmaceuticals, with exemptions for companies that have begun constructing manufacturing plants in the U.S. [1][3] - The Pharmaceutical Research and Manufacturers of America opposed the tariffs, noting that 53% of the $85.6 billion in ingredients used in U.S. medicines is manufactured domestically, with the remainder sourced from Europe and other allies [6]. Heavy Trucks - A 25% tariff will be applied to imported heavy-duty trucks, framed by Trump as a national security measure to ensure the financial health of U.S. truckers [3][5]. - The tariffs are expected to benefit companies like PACCAR Inc. and Daimler Truck Holding AG [5]. Home Furnishings - Tariffs of 50% will be levied on imported kitchen cabinets, 50% on bathroom vanities, and 30% on upholstered furniture, effective October 1 [3][4]. Industry Response - The U.S. Chamber of Commerce criticized the truck tariffs, arguing that the top import sources are allies of the U.S. and do not pose a national security threat [6]. - Industry groups are pushing back against the tariffs, indicating potential challenges for affected sectors [6]. Market Reaction - The announcement of tariffs led to significant movements in the stock market, particularly for companies exposed to these tariffs and imports [7].

Market Performance - U.S. stocks experienced a rise on Friday, with the S&P 500 increasing by 0.6%, the Dow Jones Industrial Average gaining 299 points (0.7%), and the Nasdaq composite adding 0.4%, helping to reduce weekly losses [1][2] - The S&P 500 closed at 6,643.70, the Dow at 46,247.29, and the Nasdaq at 22,484.07 [8] Inflation and Economic Indicators - Inflation in the U.S. accelerated to 2.7% in August from 2.6% in July, which, while above the Federal Reserve's 2% target, aligned with economists' forecasts [2][3] - Consumer sentiment showed weakness, with a University of Michigan survey indicating frustration with high prices, although inflation expectations for the next 12 months slightly decreased to 4.7% from 4.8% [10][11] Federal Reserve and Interest Rates - The Federal Reserve's potential for continued interest rate cuts is critical for Wall Street, as expectations for these cuts have driven U.S. stocks to record highs since April [3][4] - The Fed recently implemented its first rate cut of the year, but further cuts are uncertain due to concerns about worsening inflation [4] Tariffs and Market Reactions - President Trump's announcement of new tariffs on imports, including pharmaceutical drugs and heavy trucks, has created uncertainty among analysts regarding their ultimate effects on the market [5][6] - Companies like Paccar, Eli Lilly, and Pfizer saw stock increases following the tariff announcement, while home furnishing companies experienced volatility in their stock prices [6][7] International Market Trends - European stock indexes rose after declines in Asia, with France's CAC 40 climbing 1% and South Korea's Kospi dropping 2.5% [9] Upcoming Events - A potential U.S. government shutdown is on the horizon, with a deadline set for next week, but historical data suggests limited impact on the market from such political events [12]

Market Overview - Most U.S. stocks are rising, with the S&P 500 up 0.2% and the Dow Jones Industrial Average increasing by 211 points or 0.5% [3][4] - The Nasdaq composite is down 0.1% due to declines in some major tech stocks, but all three indexes are near their all-time highs [3][4] Inflation and Economic Indicators - Inflation in the U.S. accelerated to 2.7% last month from 2.6% in July, which is above the Federal Reserve's 2% target but aligns with economists' forecasts [4][5] - The Federal Reserve recently cut interest rates for the first time this year, with more cuts anticipated through the end of next year, although there are concerns about the potential impact on inflation [5][6] Tariffs and Market Reactions - President Trump's announcement of new tariffs on imports, including pharmaceuticals and furniture, is expected to influence inflation and market dynamics [7][8] - Companies like Paccar and major pharmaceutical firms saw stock increases, while home furnishing retailers experienced volatility in their stock prices due to potential higher import costs [8][9] Company Performance - Costco Wholesale's stock fell 1.9% despite reporting stronger-than-expected quarterly profits, attributed to slower membership renewal rates and disappointing revenue growth [10] - Consumer sentiment is reported to be weaker than expected, with inflation expectations slightly decreasing from 4.8% to 4.7% [11][12] Broader Market Sentiment - Investors are generally accustomed to political impasses, such as the potential U.S. government shutdown, which historically have limited impact on the market [12][13]

Core Viewpoint - Williams-Sonoma reported strong Q2 fiscal 2025 earnings and revenue, exceeding expectations and showing year-over-year growth, leading to an upward revision of fiscal guidance [2][4][9] Earnings and Revenue Performance - The company achieved earnings of $2 per share, surpassing the Zacks Consensus Estimate of $1.79 by 11.7%, and net revenues of $1.84 billion, exceeding the consensus mark of $1.82 billion by 1.1% and growing 2.8% year over year [4] - Comparable sales (comps) increased by 3.7%, a significant improvement from a negative 3.3% in the prior year [4] Segment Performance - Comps at Williams-Sonoma rose by 5.1%, while West Elm saw a 3.3% increase, and Pottery Barn Kids and Teens grew by 5.3%. However, Pottery Barn only inched up by 1.1% [5] Operating Highlights - The gross margin expanded to 47.1%, an increase of 220 basis points year over year, attributed to higher merchandise margins and supply-chain efficiencies [6] - Selling, general and administrative expenses decreased to 29.2% of net revenues, reflecting a decline of 20 basis points year over year [6] - The operating margin improved to 17.9%, up 240 basis points from the previous year [6] Financial Position - As of August 3, 2025, the company reported cash and cash equivalents of $985.8 million, a decrease from $1.21 billion at the end of fiscal 2024 [7] - Net cash from operating activities totaled $401.7 million in the first half of fiscal 2025, down from $473.3 million a year ago, allowing for nearly $280 million returned to shareholders through stock repurchases and dividends [7] Fiscal Guidance - The company raised its fiscal 2025 guidance, projecting annual net revenues to grow between 0.5% and 3.5%, and comparable brand revenue growth expected to be between 2.0% and 5.0% [9] - Operating margin guidance remains between 17.4% and 17.8% [10] Market Outlook - Despite a strong performance, there has been a downward trend in estimates revisions for the stock, indicating a potential shift in market sentiment [11][13] - The company holds a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the coming months [13]

Core Viewpoint - RH's stock declined due to new tariff announcements and updated manufacturing and spending plans, impacting its operational outlook and financial performance [1][6]. Group 1: Tariff Implications - The U.S. government announced a 30% duty on upholstered furniture starting next week, aimed at addressing the influx of imports into the domestic market [2]. - New tariffs include a 100% duty on branded or patented drug imports, a 25% tariff on heavy-duty trucks, and a 50% tariff on kitchen and bathroom cabinets [1]. Group 2: Company Adjustments - RH expects approximately 52% of its upholstered furniture to be produced in the U.S. next year, with this share increasing through 2026 [3]. - The company anticipates an additional $30 million in tariff costs for the second half of the year, net of mitigation, and expects about $40 million in revenue to shift from Q3 to Q4 and Q1 of 2026 [3]. Group 3: Capital Expenditures - RH projects adjusted capital expenditures of $200 million to $250 million in 2026 and $150 million to $200 million in 2027 and beyond, aimed at enhancing supply-chain resilience and supporting long-term brand initiatives [4]. Group 4: Industry Reaction - The tariff announcements have faced pushback from U.S. businesses, with Ikea stating that the furniture levies complicate operating conditions [5]. - Competitors like Williams-Sonoma, Inc. and Wayfair Inc. experienced stock declines following the tariff news [5].