In weathering the COVID-19 roiled market, Restoration Hardware easily beat a Wall Street earnings estimate for the second quarter as the company continues on its way to significant margin gains, according to chairman and CEO Gary Friedman.
Restoration Hardware has opened RH Marin, The Gallery at the Village, which represents the newest physical expression of the RH brand and the first design gallery in California with an integrated hospitality experience.
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.
Restoration Hardware has released a copy of chairman and CEO Gary Friedman’s annual letter to shareholders addressing what he sees as the next phase of the company’s development including housing and international initiatives.
As RH enters the fourth week that its galleries, restaurants, and outlets in North America have been closed to help prevent the spread of COVID-19, the retailer has temporarily furloughed approximately 2,300 team members, and permanently reduced its workforce by 440 team members.
After completing a strong fourth quarter and fiscal year, Restoration Hardware is responding to the COVID-19 crisis by adjusting operations including capital spending and deferring executive salaries.
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.
Restoration Hardware (RH) said that its chairman and CEO, Gary Friedman, sold an aggregate of 500,000 shares of RH common stock from December 9 through December 11, 2019, consisting of an option to purchase 100,000 shares, and 400,000 shares of common stock that Friedman owned outright.
Restoration Hardware (RH) emphasized its physical store presence as the foundation of its strong third quarter financial results.
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.
Restoration Hardware has released its 2019 RH Interiors Source Book and RH Modern Source Book. The catalogs, at more than 1,100 pages combined, offer a large assortment of luxury home furnishings.
RH is raising its fiscal year adjusted diluted earnings per share guidance after the closing of a convertible notes offering.
Following a strong second quarter when RH reported double-digit sales increases, the home specialty retailer has raised its sales forecast for the remainder of the year.
RH has unveiled its RH Beach House collection, a curated assortment the retailer said was inspired by the world’s iconic seascapes and includes several collections.
Restoration Hardware (RH) has updated and raised its second quarter and fiscal year 2019 revenue and earnings guidance.
Restoration Hardware (RH) shrugged off tariff concerns with a strong first quarter, registering a big beat over Wall Street earnings estimates.
Restoration Hardware (RH) has appointed Jack Preston as chief financial officer.
For the third quarter ended November 3, Restoration Hardware (RH) added two design galleries and beat a Wall Street earnings estimate by 46 cents as it posted a comp gain of 4%.
Restoration Hardware (RH) has opened a new-model design gallery in New York City, locating it in Manhattan’s now-trendy Meat Packing District as a showcase for its latest thinking about store design.
As it plans to expand in 2019, Restoration Hardware (RH) experienced a profit surge in the second quarter.