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Williams-Sonoma Keeps Moving
By Stephen D. Simpson, CFA
May 24, 2005

Once they achieve a certain level of success and market share, many companies are tempted to stop innovating. And of course, we all know what seems to inevitably follow -- the company loses touch with the consumer and stocks goods that nobody wants, sales and earnings fall, and sometimes the company goes out of business entirely.

Well, that doesn't seem to be happening at Williams-Sonoma (NYSE: WSM). While the company continues to produce double-digit earnings growth, management also continues to build and refine the business in an attempt to keep that growth coming...
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