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Williams-Sonoma's New Recipe
By Tom Taulli
January 16, 2007
At Cowen Group's (Nasdaq: COWN) Consumer Conference last week, Pat Connolly, the chief marketing officer of Williams-Sonoma (NYSE: WSM), provided an update and outlook for the company. Williams-Sonoma faces tough competition -- including Restoration Hardware Inc. (Nasdaq: RSTO), Pier 1 Imports (NYSE: PIR), Bed Bath & Beyond (Nasdaq: BBBY), CostPlus (Nasdaq: CPWM), and even Target Corp. (NYSE: TGT) -- and a sluggish real estate market. However, Connolly still provided a bullish long-term assessment on Williams-Sonoma........
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