In the event of temporary closure of all U.S. and Canada stores due to the coronavirus pandemic, Williams-Sonoma, Inc. WSM has been greatly focusing on the e-commerce business. The company has announced that it will extend store closure for another two weeks.This leading home specialty retailer of high-quality and sustainable products has been putting in continued efforts to contain the COVID-19 pandemic. Since March 18, it has closed all its stores across the country.Given the unpredictable effects of coronavirus on consumer behavior and economic activity in general, the company has temporarily suspended its full-year guidance. Also, it has suspended all capital expenditures that are non business-critical and is substantially reducing the inventory level for the year. Notably, the company expects near-term softness to prevail, as overall consumer demand is likely to decline in the future.E-Commerce a Boon for Williams-Sonoma Despite COVID-19 MayhemWilliams-Sonoma has a history of driving market share gains, supported by strong e-commerce websites, direct mail catalogs and retail stores, along with shipping fees received for the delivery of merchandise. The company is expected to generate strong revenues from the e-commerce channel on account of shutdowns to stop COVID-19 spread.Williams-Sonoma is a highly customer-centric company that focuses on enhancing customer experience through technological innovation and operational improvement. Also, continuous technological and product innovation helps it enhance customer engagement. Its innovative efforts helped the company to drive e-commerce revenues to an all-time high of more than 56% of total revenues in fiscal 2019.Share Price PerformanceShares of the company have declined 42.1% in the year-to-date period compared with RH RH, At Home Group Inc. HOME and The Lovesac Company’s LOVE 53%, 63.3% and 63.7% fall, respectively. The Retail - Home Furnishings industry has declined 44.9% in the said time frame.Nonetheless, its solid e-commerce growth, strong West ELM and emerging businesses, focus on innovation, along with strong marketing and digitalization techniques will drive growth.Zacks RankWilliams-Sonoma currently carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Today's Best Stocks from ZacksWould you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.See their latest picks free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RH (RH): Free Stock Analysis Report Williams-Sonoma, Inc. (WSM): Free Stock Analysis Report At Home Group Inc. (HOME): Free Stock Analysis Report The Lovesac Company (LOVE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research