WSM · 10-K filed 26 Mar 2026 · year to 1 Feb 2026

Williams-Sonoma

29 named things its latest annual report says its results depend on, each in the company's own words. 22 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Franchisees in Mexico, South Korea, India and the Philippines

earns from · 90 franchised locationsnamed as a risk

We also have multi-year franchise agreements with third parties in Mexico, South Korea, India and the Philippines that operate 90 franchised locations as well as e-commerce websites in certain locations.Business (Item 1)

Suppliers

Third-party delivery carriers

depends onnamed as a risk

In addition, we are heavily dependent upon certain carriers for the delivery of our merchandise to our customers.Risk factors (Item 1A)

Partners and platforms

Key digital platforms

depends on · Approximately 65% of our net revenuesnamed as a risk

The success of our e-commerce business depends, in part, on third parties, platforms and factors over which we have limited control, including a limited number of our key digital platforms.Risk factors (Item 1A)

Other companies

Revolving credit facility

depends on · up to a total of $850 millionnamed as a risk

Our credit facilities provide for up to a total of $850 million in unsecured revolving lines of credit (which includes a $250 million accordion feature subject to lender consent).Risk factors (Item 1A)

Also named by AAON, BRO, BX, CG, CRGY, FIVE, FIX, HEI and 22 more

Dormify

named as a risk

For example, in 2025, we acquired the intellectual property of Dormify and are in the process of launching it as a new brand.Risk factors (Item 1A)

Places

China

depends on · approximately 19% from Chinanamed as a risk

The remaining 81% of our merchandise purchases were sourced from foreign suppliers, with approximately 19% from China, 16% from Vietnam, 15% from India, and 31% from the rest of the world.Business (Item 1)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

India

depends on · 15% from Indianamed as a risk

Also named by A, AAPL, ACN, AJG, AKAM, AMZN, AOS, AVGO and 54 more

Canada

operates in · 18 stores in Canadanamed as a risk

In addition, our businesses in Canada, Australia and the United Kingdom, and our operations throughout Asia and Europe, expose us to market risk associated with foreign currency exchange rate fluctuations.Market risk (Item 7A)

Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more

Vietnam

depends on · 16% from Vietnamnamed as a risk

Also named by AAPL, AMKR, ANET, ASO, BBW, CGNX, CIEN, CROX and 16 more

United States

concentrated in · 473 stores in 41 states, Washington, D.C. and Puerto Rico

We operate 506 stores, which include 473 stores in 41 states, Washington, D.C. and Puerto Rico, 18 stores in Canada, 13 stores in Australia and 2 stores in the United Kingdom.Business (Item 1)

Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more

California

operates innamed as a risk

In addition, there continues to be a growing number of wage-and-hour lawsuits and other employment-related lawsuits against retail companies, especially in California.Risk factors (Item 1A)

Also named by A, AAON, AFRM, ALK, ALLY, AN, ARE, AVAV and 88 more

Strait of Hormuz

depends onnamed as a risk

For example, instability in the Middle East is deterring commercial vessels from traveling through the Suez Canal and the Strait of Hormuz, and as a result, vessels are now traveling around the Cape of Good Hope, South Africa, resulting in longer transit times and increased costs.Risk factors (Item 1A)

Also named by BBY, CSW, DDS, DKS, LRCX, NXT

Panama Canal

depends onnamed as a risk

Additionally, we have been, and may continue to be, affected by disruptions and delays in the shipping channels utilizing the Panama Canal.Risk factors (Item 1A)

Also named by BBY, DLTR, LNG

Suez Canal

depends onnamed as a risk

Also named by BBY, DORM

North Carolina

operates in

We manufacture merchandise, primarily upholstered furniture and lighting, at our facilities located in Mississippi, North Carolina, and Oregon.Business (Item 1)

Also named by ABR, AUB, DUK, FCNCA, FHN, GLW, IMKTA, MLM and 5 more

Mississippi

operates in

We manufacture merchandise, primarily upholstered furniture and lighting, at our facilities located in Mississippi, North Carolina, and Oregon.Business (Item 1)

Also named by ETR

Portland, Oregon

operates in

Rejuvenation’s made-to-order lighting and hardware are manufactured at and distributed from its Portland facility.Business (Item 1)

Also named by NET

Hazards

Iran conflict

named as a risk

Such risks include: labor disputes, union organizing activity, fluctuations in fuel costs (including recent fluctuations due to the conflict with Iran), increases in regulatory burden, changing tariff and trade regulations, adverse weather, natural disasters, climate change, the potential for railway and port worker strikes, possible acts of terrorism, war, outbreaks of disease or other factors affecting such carriers’ ability to provide delivery services to meet our shipping needs.Risk factors (Item 1A)

Also named by CAH, DELL, DRVN, MOD

Commodities and inputs

Cotton

exposed to its pricenamed as a risk

Furthermore, many of our raw materials, such as cotton, are generally sourced internationally, and represent a significant part of our business.Risk factors (Item 1A)

Also named by CAH, CROX, FPI, LULU, NKE, PVH, RL, SNEX and 2 more

Regulators

Federal Trade Commission

subject tonamed as a risk

Additionally, the Federal Trade Commission and many state attorneys general are interpreting federal and state consumer protection laws and proposing new AI-related laws to impose standards for the online collection, use, dissemination and security of data.Risk factors (Item 1A)

Also named by AMZN, AN, AVGO, BJ, CART, CELH, CHD, CHE and 56 more

Laws and programs

U.S. tariffs

subject tonamed as a risk

Currently, many of the countries where we source raw materials and products from are subject to tariffs imposed by the U.S.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

General Data Protection Regulation (GDPR)

subject tonamed as a risk

For example, we are subject to the GDPR in the European Union and United Kingdom, the Canadian Consumer Privacy Protection Act in Canada (“CPPA”), and similar laws in other foreign countries.Risk factors (Item 1A)

Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more

One Big Beautiful Bill Act (OBBB)

subject tonamed as a risk

For example, in the U.S., the One Big Beautiful Bill Act (“OBBB”) was signed into law on July 4, 2025.Risk factors (Item 1A)

Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more

Foreign Corrupt Practices Act

subject tonamed as a risk

In addition, as we continue to expand our global operations, we are subject to certain U.S. laws, including the Foreign Corrupt Practices Act, as well as the laws of the foreign countries in which we operate.Risk factors (Item 1A)

Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more

California Consumer Privacy Act (CCPA) / California Privacy Rights Act (CPRA)

subject tonamed as a risk

Additionally, in the U.S. we must comply with broad state consumer privacy laws such as California’s CCPA and CPRA.Risk factors (Item 1A)

Also named by ADSK, PSA, SLM, WDAY

OECD Pillar Two minimum tax

subject tonamed as a risk

Our subsidiaries were not subject to Pillar Two minimum tax in fiscal 2025.Risk factors (Item 1A)

Also named by MRSH

Canadian Consumer Privacy Protection Act (CPPA)

subject tonamed as a risk

California climate-related reporting requirements

subject tonamed as a risk

For example, compliance with California’s climate-related reporting requirements, and any similar proposals by state regulators and international regulatory bodies, could be costly, difficult and time consuming, especially as reporting standards are still evolving.Risk factors (Item 1A)

The Key Rewards

earns from

These brands collectively support The Key Rewards, our loyalty and credit card program that offers members exclusive benefits.Business (Item 1)