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Despite nearly 30% average square footage growth over the last year, no-moat Restoration Hardware has failed to generate sales growth commensurate with footprint expansion. With third quarter sales rising just 3% in total, and facing top-line declines at a double-digit pace during the fourth quarter, it seems RH’s sales resurrection remains at bay. While pointing to some factors that have impacted the business in the current year, including the ongoing SKU rationalization program and the sourc...
CORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (Restoration Hardware Holdings, Inc. - NYSE: RH) has launched its third quarter fiscal 2016 video presentation, which highlights the Company’s continued evolution and recent performance, on the RH Investor Relations website, ir.restorationhardware.com. RH leadership will host a live question and answer conference call and audio webcast at 2:30 pm Pacific Time (5:30 p.m. Eastern Time). The live question and answer conference call may be accessed by dialing (866) 394-6658 or (706) 679-...
CORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (Restoration Hardware Holdings, Inc. - NYSE:RH) today announced financial results for the third quarter ended October 29, 2016. The Company will post a video presentation between approximately 1:15 p.m. – 1:30 p.m. PT (4:15 p.m. – 4:30 p.m. ET) today highlighting its continued evolution and recent performance on the RH Investor Relations website at ir.restorationhardware.com. Third Quarter Highlights Net revenues increased 3% on top of a 10% increase last y...
CORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (NYSE:RH) today announced that it will report financial results for the third quarter ended October 29, 2016 on Thursday, December 8, 2016 after market close. At that time, RH will post a video presentation highlighting the Company’s continued evolution and recent performance on the RH Investor Relations website at ir.restorationhardware.com. RH leadership will then host a live question and answer conference call and audio webcast at 2:30 pm Pacific Time (5:30 p.m. Eastern Time). The ...
CORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (Restoration Hardware Holdings, Inc. – NYSE:RH) announced today the opening of RH Seattle, The Gallery at University Village at 4645 26th Avenue NE. RH Seattle represents the latest iteration of the brand’s next-generation design galleries. Commanding four levels and nearly 60,000 total interior and exterior square feet, this innovative new retail experience features artistic installations of home furnishings in a gallery setting – including an entire floor dedicated to RH Modern with an inte...
CORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (Restoration Hardware Holdings, Inc. – NYSE: RH) announced today the introduction of its fully integrated design platform with the launch of RH Interior Design, a concierge-level program that inspires customers to imagine the infinite potential of a blank canvas and make their dream space a reality. To support this enhanced offering, RH will also unveil interactive RH Design Ateliers across its entire retail fleet this fall, including more than 50 markets throughout the United States and Canada. ...
CORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (Restoration Hardware Holdings, Inc. – NYSE: RH) announced today the opening of RH Las Vegas, The Gallery at Tivoli Village at 340 South Rampart Boulevard. RH Las Vegas represents the latest iteration of the brand’s next-generation design galleries. Commanding four levels and 60,000 square feet, this innovative new retail experience features artistic installations of home furnishings in a gallery setting – including an entire floor dedicated to RH Modern with an integrated RH Contemporary Art...
CORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (Restoration Hardware Holdings, Inc. – NYSE:RH) announced today the introduction of the Fall 2016 Interiors Collection, featuring three dedicated Source Books – RH Interiors, RH Lighting and RH Rugs. At more than 1,100 pages combined, this trio of inspirational design resources has been completely reimagined by renowned art director Fabien Baron, filled with stunning collections and pieces that reflect a fresh and contemporary point of view. These books also highlight the brand’s collaborativ...
CORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (Restoration Hardware Holdings, Inc. – NYSE: RH) announced today the opening of RH Austin, The Gallery at The Domain at 11720 Domain Boulevard. RH Austin represents the latest iteration of the brand’s next-generation design galleries. Commanding four levels and over 60,000 total interior and exterior square feet, this innovative new retail experience features artistic installations of home furnishings in a gallery setting – including an entire floor dedicated to RH Modern with an integrated R...
Restoration Hardware remains focused on its ongoing efforts to improve brand equity, taking careful time in the first half of the year to reconsider its source book (redesigning and moving to fall from spring) as well as rationalizing stock keeping units, many of which were holding back the total performance of the business. We think management taking a cautious approach to marketing as it right-sizes many of its product offerings is prudent, and will ultimately set the company up to benefit ove...
Restoration Hardware remains focused on its ongoing efforts to improve brand equity, taking careful time in the first half of the year to reconsider its source book (redesigning and moving to fall from spring) as well as rationalizing stock keeping units, many of which were holding back the total performance of the business. We think management taking a cautious approach to marketing as it right-sizes many of its product offerings is prudent, and will ultimately set the company up to benefit ove...
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