Williams Sonoma labeled Chinese-made merchandise American made; ordered to pay over $3M [Yahoo! Finance]
Williams-Sonoma, Inc. (DE) (WSM)
Last williams-sonoma, inc. (de) earnings: 3/18 04:15 pm
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Source: Yahoo! Finance
"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. 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 requiring the retailer to tell the truth about whether the products it sells are Made in USA Along with paying the fine, the company was required to admit the truth about their alleged lies about their product's m
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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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- Why Investors Need to Take Advantage of These 2 Retail-Wholesale Stocks Now [Yahoo! Finance]Yahoo! Finance
- Here's Why Williams-Sonoma (WSM) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
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