In a declining market for home furnishings, RH is targeting upscale buyers. RH Chairman and CEO Gary Friedman said Thursday (Dec. 8) during a quarterly earnings call that the luxury lifestyle retailer continues to reject the discounting that is common in the industry. He said that while the company...
Luxury lifestyle retailer RH won’t sacrifice its image and margins to keep its sales growing as consumers tighten their wallets, RH Chairman and CEO Gary Friedman said Thursday (Sept. 8) in a presentation released along with the company’s quarterly earnings call. Friedman reported that the...
Today in data, as inflation continues to rise, consumers begin to ease spending on major purchases. Data $8.4B: Amount of auto loans reported by J.P. Morgan Chase, down from $11.2 billion one year ago 5.4M: Decline in sales of existing homes between April and May...
Hopes for a near-term turnaround in the battered home furnishing category were dashed Wednesday evening (June 29), after high-end retailer RH told investors it expects consumer demand will continue to weaken through the end of the year. In an outlook update released after the close of...
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 […]
December 09, 2022
In a declining market for home furnishings, RH is targeting upscale buyers. RH Chairman and CEO Gary Friedman said Thursday (Dec. 8) during a quarterly earnings call that the luxury lifestyle retailer continues to...
September 09, 2022
Luxury lifestyle retailer RH won’t sacrifice its image and margins to keep its sales growing as consumers tighten their wallets, RH Chairman and CEO Gary Friedman said Thursday (Sept. 8)...
June 29, 2022
RH, the high-end furniture retailer, has seen its stock tumble in extended trading, after it cut its forecast, Bloomberg reported Wednesday (June 29). This was the second time the company...
