Williams-Sonoma’s home furnishings business Rejuvenation has opened its first store in North Carolina.

The new 5900sqft store at the Fenton Shopping Center in Cary is the brand’s first store in the state and 12th store in the US.

It features over 240 light fixtures and 40 collections of hardware designed for cabinets, doors, windows, and outdoor spaces, and offers complimentary interior design services.

“Rejuvenation is thrilled to continue to expand our retail footprint to North Carolina,” said Aujsha Taylor, SVP at Rejuvenation.

“Our stores are inspiring showrooms full of our curated lighting, hardware and furniture collections all carefully crafted to elevate our customers’ residential and commercial design projects.”

Meanwhile, Williams-Sonoma lowered its FY23 guidance after seeing net income fall 5.7 per cent to $237.3 million and revenue decline 15.4 per cent to $1.85 billion in the third quarter.

The homeware and kitchenware retailer now forecasts net revenue to fall 10 per cent to 12 per cent attributed to an expected increase in operating margin, estimated at 16 per cent to 16.5 per cent.

“These results were achieved in an environment filled with ongoing consumer hesitancy on high-ticket discretionary furniture spend and elevated levels of promotional activity,” said Laura Alber, president and CEO at Williams-Sonoma.

“The strength of our operating model produced strong earnings again this quarter, driven by our full-price selling, supply chain efficiencies, and best-in-class customer service. Our early seasonal reads are strong and we are optimistic about the holiday season.”