Williams-Sonoma Inc. closed an Equity Buyback in the amount of $125 mm
January 29, 2012 at 05:00 am
Share
The Board of Directors of Williams-Sonoma Inc. (NYSE:WSM) authorized a share repurchase program on January 31, 2011. Under the program, the company will repurchase up to $125 million of its common stock through open market and privately negotiated transactions. The purpose of the program is to offset dilution from equity compensation programs on an on-going basis. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, capital availability, and other market conditions. The share repurchase program does not have an expiration date and may be limited or terminated at any time without prior notice. As of November 28, 2010, the company had 105,112,709 common shares outstanding.
Williams-Sonoma Inc. completed its share repurchase program on January 29, 2012. Under the program, the company has repurchased 3,380,862 shares, representing 3.22% for a total cost of $125 million.
Williams-Sonoma, Inc. is an omni-channel specialty retailer for home products. Its brands include Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation, and Mark and Graham are marketed through e-commerce Websites, direct-mail catalogs and retail stores. These brands are also part of the Company's loyalty and credit card program that offers members benefits across the Williams-Sonoma family of brands. Williams Sonoma products include everything for cooking, dining and entertaining, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture and a library of cookbooks. The brand also includes Williams Sonoma Home that offers home furnishings and decorative accessories. Pottery Barn is an omnichannel home furnishings retailer. It operates 518 stores, which include 480 stores in 40 states, Washington, D.C. and Puerto Rico, 19 stores in Canada, 17 stores in Australia and two stores in the United Kingdom.
WILLIAMS-SONOMA, INC. 
