Williams-Sonoma Falls Most Since 2009 After Cutting Forecast
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Williams-Sonoma Inc., the owner of the namesake, Pottery Barn and West Elm home-goods chains, fell the most in three years after saying profit may be less than it previously forecast because of holiday discounts.
The shares dropped 12 percent to $34.32 at the close in New York, for the biggest decline since January 2009. The San Francisco-based company’s shares gained 7.9 percent last year.