The CEO of Pottery Barn will retire in April, the retailer announced.
Marta Benson spent 13 years at Pottery Barn, a part of parent company Williams-Sonoma. She served as president of the brand for seven years before becoming CEO in January 2023.
Before joining Pottery Barn, Benson spent her profession as CEO of Gump’s, a department store in San Francisco, and making a $220 million DTC business at Restoration Hardware, in line with her corporate profile.
“On behalf of the Board of Directors and the complete Williams-Sonoma, Inc. team, I would like to thank Marta for her significant accomplishments and commitment to driving growth during her 13-year tenure,” Williams-Sonoma president and CEO Laura Alber said in a press release. “Marta’s contributions to our company have led to the launch of Mark & Graham, the acquisition of Rejuvenation and the transformation of Pottery Barn. We’re grateful for her leadership and the legacy she leaves behind having been a champion for advancing our company’s commitment to sustainability.”
Williams-Sonoma is No. 22 within the Top 1000, Digital Commerce 360’s rating of North America’s leading retailers by online sales.
Who will lead Pottery Barn?
Two current presidents on the Pottery Barn brand will take over for the exiting CEO, Williams-Sonoma said.
Monica Bhargava, president of Pottery Barn, has been with the retailer for 22 years. As president, she oversees product development, inventory management, market, and other operations for the brand. She previously worked as chief design officer for Pottery Barn and Williams Sonoma Home.
Jennifer Kellor, president of Pottery Barn Kids and Pottery Barn Teen, will even take over a few of Benson’s responsibilities. She previously served as executive vp for Pottery Barn Kids and senior vp, general merchandising manager for Pottery Barn Teen. Together, Kellor and Bhargava have a combined tenure of fifty years with the retailer.
How is Pottery Barn’s performance?
Pottery Barn reported $778 million in revenue in its fiscal third quarter ended Oct. 29, 2023. It’s the biggest brand in Williams-Sonoma’s portfolio, recording $300 million more in revenue than the subsequent top-performing brand, West Elm. Nevertheless, revenue fell 16.6% yr over yr after nearly 20% growth in 2022. Revenue was up 3% over 2021, and 43% over 2019.
Pottery Barn Kids and Teen is the third-largest brand in the corporate. It recorded $277 million in revenue within the third quarter, declining 6.9% yr over yr. Revenue for the youth-focused brand declined 11.7% on a two-year basis, but it surely has grown 29% over 2019.
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