luxury

Financials
RH Looking Beyond Coronavirus-Pressured Q1

In the first quarter, ended May 2, Restoration Hardware suffered a sales slide associated with the COVID-19 pandemic but is looking forward to a second quarter rebound.

Retail
Neiman Marcus Files For Bankruptcy

Neiman Marcus has filed Chapter 11 and entered into a restructuring support agreement with a significant majority of its creditors to undergo a financial restructuring, substantially reducing its debt load and interest payments and supporting continued operations during the COVID-19 pandemic and beyond.

Retail
RH Opens Columbus Gallery

RH has opened its latest gallery store format, RH Columbus, The Gallery at Easton Town Center. It continues the retailer’s foray into hospitality with a glass-encased Rooftop Restaurant, and Wine & Barista Bar, that open onto a landscaped park.

Retail
RH Opens Minneapolis Gallery

Restoration Hardware has opened RH Minneapolis, The Gallery in Edina. The store continues the retailer’s foray into hospitality with a glass-encased Rooftop Restaurant, and Wine & Barista Bar, that open onto a landscaped park.

Retail
Gump’s Files For Bankruptcy

Gump’s Holdings and its affiliates Gump’s Corp. and Gump’s By Mail, Inc. have filed voluntary petitions on August 3 for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nevada.

Home Décor
Kline: Home Fragrance Segment Growing

The home fragrances market in the U.S. outpaced the previous year’s growth through 2017, with Internet sales playing an important role in the market’s performance, according to Kline’s “Home Fragrances: U.S. Market Analysis and Opportunities” report.

Financials
Neiman Marcus Cuts Q3 Loss

For the third fiscal quarter ended April 28, Neiman Marcus Group posted a net loss of $19.9 million versus a net loss of $24.9 million in the period a fiscal year earlier.

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