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Williams-Sonoma

(WSM)

warned it expects third-quarter earnings to be about 4 cents to 6 cents a share, well below the 18 cents a share that a 22-analyst survey predicted.

The company blamed the missed earnings on lower-than-expected sales from fall and early holiday catalog mailings, higher catalog advertising costs and depressed gross margins in the retail division.

Also, Williams-Sonoma announced its chief financial officer, John Tate, resigned, effective Nov. 1. Sharon McCollam will replace Tate.