We recently published 11 Latest Stocks That Jim Cramer Just Talked About. Williams-Sonoma, Inc. (NYSE:WSM) is one of the stocks Jim Cramer recently discussed.
Williams-Sonoma, Inc. (NYSE:WSM) is a home furnishing and associated products retailer. Its shares are flat year-to-date, primarily due to a 5.2% dip in August. Williams-Sonoma, Inc. (NYSE:WSM)’s shares fell after the firm’s second-quarter earnings report and an announcement by President Trump that he would start a major tariff investigation into furniture items entering the US. Here is what Cramer said about Williams-Sonoma, Inc. (NYSE:WSM):
“If you want to know who was best yesterday, and I know she’s not gonna get any credit for it, but, Laura Alber had the most largest increase in tariffs, of any one company, and she still did the number. That is impressive. Williams-Sonoma.
“Well I mean some of these companies they know how to source, they know how to, get around where this stuff is coming from. Look, I think that this is an era where you have some companies that use AI like Laura Alber said to actually find out how we can deliver what we need to deliver.”
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Previously, Cramer discussed Williams-Sonoma, Inc. (NYSE:WSM) in the context of tariffs and the American furniture industry:
“Let’s talk about Wayfair, Williams-Sonoma, and RH, the old Restoration Hardware… I know both Williams-Sonoma and RH are a different story. They make some fine furniture here, and they’d like to make more furniture, but it’s difficult to find skilled workers to make high-quality merchandise. I’m not slagging our workers. The people who used to make furniture simply moved on to other things, or they retired. … Tariff wouldn’t go far enough to make them come back. At the end of the day, I’m skeptical that we can bring back the American furniture industry as we remember it, and even if we could… would it be worth the cost? I don’t know… Unless the federal government wants to get into the business of making furniture, forcing the hand of RH and Williams-Sonoma, it won’t make a difference to the industry as a whole. There will most likely not be a revival of those great furniture cities.”
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Disclosure: None. This article is originally published at Insider Monkey.
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