Williams Sonoma labeled Chinese-made merchandise American made; ordered to pay over $3M [FOX Business Network]
Williams-Sonoma, Inc. (DE) (WSM)
Last williams-sonoma, inc. (de) earnings: 3/18 04:15 pm
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Source: FOX Business Network
Williams-Sonoma has been ordered to cough up more than $3 million in civil penalties after falsely claiming its products were made in the USA when they were actually made in China. "Williams-Sonoma claimed its products were made in the United States even though they were made in China," FTC Chair Lina M. Khan said. "Williams-Sonoma's deception misled consumers and harmed honest American businesses." The Justice Department , together with the Federal Trade Commission (FTC), announced in a press release on Friday that the high-end kitchen store agreed to a $3,175,387 settlement. "Today's record-setting civil penalty makes clear that firms committing Made-in-USA fraud will not get a free pass," Khan said. Stocks In This Article: WSM The Justice Department and the FTC alleged that William-Sonoma Inc., the parent company that owns Williams-Sonoma Home, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, PBTeen, West Elm and Rejuvenation, violated the terms of a 2020 FTC order
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News
- Williams-Sonoma, Inc. announces release date for first quarter results: Wednesday, May 22nd, 2024Business Wire
- Williams-Sonoma, Inc. (NYSE: WSM) had its price target raised by analysts at Evercore ISI from $310.00 to $315.00. They now have an "in-line" rating on the stock.MarketBeat
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WSM
Earnings
- 3/13/24 - Beat
WSM
Sec Filings
- 5/15/24 - Form 144
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- WSM's page on the SEC website