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Pottery Barn owner Williams-Sonoma warns of 2025 margin impact from tariffs, shares fall

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Pottery Barn parent Williams-Sonoma warned on Wednesday the Trump administration's tariffs on China, Canada and Mexico as well as on steel and aluminum would weigh on its fiscal 2025 margin, sending its shares down 5.
Williams-Sonoma, the parent company of Pottery Barn, has forecasted that new tariffs on Chinese imports could negatively impact its gross margins starting in 2025. The company, which also owns West Elm and Rejuvenation, has been dealing with increased costs due to tariffs imposed by the U.S. on Chinese goods. These tariffs, which were part of the broader trade war between the U.S. and China, have led to higher expenses for Williams-Sonoma, affecting its profitability. The company's shares experienced a decline following this announcement, reflecting investor concerns over the potential financial strain. Williams-Sonoma has been attempting to mitigate these impacts through various strategies, including sourcing from alternative countries and adjusting pricing, but the ongoing trade tensions continue to pose challenges.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/pottery-barn-owner-williams-sonoma-warns-of-2025-margin-impact-from-tariffs-shares-fall/ar-AA1Bfykp ]