During first-quarter fiscal 2023, the company successfully launched B2B in Canada and planning to introduce Canadian customers to rejuvenation, Mark and Graham and Williams-Sonoma Home through the upcoming website launch. The company anticipates that B2B will continue to contribute positively to the quarterly performance. Despite a 7% decline in B2B accounts, the company experienced double-digit growth in the contract business line, attributed to its design capabilities and diverse product range offered across multiple brands. The B2B operates in two formats, trade and contract. The company's B2B strategy remains successful, allowing them to capture market share in the fragmented $80-billion market. Image Source: Zacks Investment Research Growth Catalysts
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