This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

West Elm Istanbul Rug Handmade By Craftmark-certified Artisans In India (Photo: Business Wire)

In continued support of artisan communities in the United States and globally, home furnishings retailer West Elm today announced its 2013 Clinton Global Initiative (CGI) Commitment to Action with a purchasing plan of $35 million in handcrafted products through 2015, a 40% increase in spend over the next two years. West Elm, a member of the Williams-Sonoma, Inc. (NYSE: WSM) portfolio of brands, also pledged to make and source these products from businesses adhering to high social responsibility, health and safety standards, meeting local laws, best industry practices and the brand’s vendor code of conduct.

West Elm Istanbul Rug Handmade by Craftmark-certified Artisans in India (Photo: Business Wire)

West Elm Istanbul Rug Handmade by Craftmark-certified Artisans in India (Photo: Business Wire)

“West Elm has achieved 14 consecutive quarters of double-digit comparable brand revenue growth by listening to our customers, and our CGI Commitment to Action reflects our customers’ passion for handcrafted products, as well as their growing concern for the preservation of cultural heritage and the safety of the hands behind the work,” said West Elm President Jim Brett.

“West Elm’s CGI Commitment to Action formalizes the incredibly important work the brand, and our company, is doing to support and scale artisan business and protect the craftspeople involved in them,” said Laura Alber, President and Chief Executive Officer, Williams-Sonoma, Inc. “West Elm has seen incredible growth over the past three years, due in part to the brand’s offering of unique handcrafted and artisan made products, a key differentiator in the market.”

Behind agriculture, artisan activity is the second largest employer in the developing world. 1 Although large-scale investment facilitates economic opportunity and helps preserve traditional techniques, the systems put in place must also help artisans scale their businesses.

“West Elm’s Commitment to Action will focus on helping our crafters and artisan makers grow their businesses sustainably and profitably, while maintaining and preserving the traditional handcraft techniques at the center of their work,” Brett continued. “We’re proud to connect our customers to this inspiring global community by launching a new section of our website devoted to the stories behind West Elm’s handcrafted products, sharing the beauty of basic materials and the amazing ability of human hands through videos, photography and storytelling.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs