Daily News
From Home Furnishing Business
Williams-Sonoma Named Top Retailer on TIME’s 2024 List
August 5,
2024 by Karen Parrish in Business Strategy, Industry
Williams-Sonoma, Inc., the world’s largest digital-first, design-led and sustainable home retailer, announced today that the company was named as the top retailer on TIME Magazine’s 2024 list of America’s Best Mid-Sized Companies.
The inaugural list features 500 top-performing, midsize companies with revenue between $100 million and $10 billion that are leading the way for American business. Williams-Sonoma, Inc. ranked as the 17th company overall on the 2024 list out of the 500 companies that were included. Companies featured on the list were evaluated based on positive revenue growth, employee satisfaction, and sustainability transparency.
“We are honored to be named by TIME as one of America’s Best Mid-Sized Companies,” said Laura Alber, president and CEO of Williams-Sonoma, Inc. “This recognition acknowledges that Williams-Sonoma, Inc. is a people-first organization that is committed to driving growth and returning value to our shareholders.”
To compile the list of America’s Best Mid-Sized Companies, TIME partnered with Statista, a leading international provider of market and consumer data and rankings, to research top preforming mid-sized companies based on three primary dimensions:
- Employee Satisfaction - An evaluation of over 170,000 employees from U.S. companies over the last three years that addressed an employer’s image, atmosphere, working conditions, salary, and equality policies.
- Revenue Growth - An assessment of company growth data for the last three years that met certain criteria including revenue generation of at least $100 million but less than US $10 and positive revenue growth in the last three years.
- Sustainability Transparency - A comprehensive index derived from a collection of key performance indicators relating to environmental, social and corporate governance. For the environmental evaluation, this included the carbon emissions intensity and reduction rate, the social dimension assessed the share of women on the board of directors and the existence of a human rights policy. The governance dimension evaluated whether a company had a Corporate Social Responsibility report adhering to the Global Reporting Initiative guidelines and a compliance or anti-corruption guideline.