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Williams-Sonoma (WSM Quote) said Chief Executive Ed Mueller will retire at the end of the week, and separately, the housewares seller lowered its revenue projections for the second quarter and full year.
Mueller will remain a director until next May. To fill the CEO post, the company has picked Chairman Howard Lester, Williams-Sonoma's top executive from 1979 to 2001. Lester will continue to serve as chairman, a role he's had since 1986.
Regarding its outlook, Williams-Sonoma reiterated its second-quarter and fiscal-year guidance for earnings before items, but it cut its top-line goals. ...
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