finance.yahoo.com

Williams-Sonoma to Share Tariff Refunds With Vendors and Employees

Williams-Sonoma logoWilliams-Sonoma
Sig2.74Sen+3.15Env0.00Soc+2.05Gov+0.45

Williams-Sonoma says it will distribute part of the roughly $200 million in refunds it received after tariffs were struck down. The retailer will reimburse vendor partners $47.5 million for discounts tied to IEEPA tariffs and will set aside $10 million for a one-time contribution to some employees’ 401(k) accounts, using additional refunds to lower cost of goods sold.

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