RH (Restoration Hardware) CEO Gary Friedman and Kroger CEO Rodney McMullen both had it right last week when they reported their respective Q2 earnings: Inflation is taking a heavy toll on consumer spend. It’s also creating a potential windfall if you happen to operate in...
Today in retail, Chewy’s stock drops to a two-year low despite record spending levels, while Five Below plans growth. Plus, Avarda embraces open banking, Lululemon adds tennis and golf gear, and Restoration Hardware will open “selling spaces.” Chewy Struggles to Turn Record Spending Into Profits,...
For the second year in a row, luxury furniture and home goods retailer Restoration Hardware posted record results for the fourth-quarter and full-year. “We are pleased to report another year of record results with net revenues increasing 32% to $3.759 billion versus $2.849 billion a...
Retail brands see themselves capturing consumers’ interest with limited-edition offerings. Plus, Restoration Hardware prioritizes the curated home ecosystem for 2022, and Rent the Runway says it sees growth opportunities beyond the fashion sector. Data: $1B: Restoration Hardware’s Q3 revenue, up 19% from 2020 and 40%...
March 30, 2023
The market for home furnishings is “likely getting worse before it gets better.” So said RH Chairman and CEO Gary Friedman Wednesday (March 29) during the luxury home furnishings company’s quarterly earnings call. Persistent inflation, record-high interest rates, an underperforming stock market, an unexpected banking crisis and a 45% year-on-year drop in luxury home sales have taken a toll […]
March 30, 2022
For the second year in a row, luxury furniture and home goods retailer Restoration Hardware posted record results for the fourth-quarter and full-year. “We are pleased to report another year...
November 15, 2019
A filing with the Securities and Exchange Commission revealed that Berkshire Hathaway now owns 1.2 million shares of furniture retailer RH, formerly known as Restoration Hardware. As a result, shares...
April 18, 2017
Crate & Barrel, the furniture and home goods retailer, confirmed last week that CEO Doug Diemoz left after less than two years at the helm. According to a report, the retailer...
