Tag Archives: Gary Friedman

Restoration Hardware Q3 Net More Than Doubles

Restoration Hardware

CORTE MADERA, Calif.-As the company’s top line continued on its growth trajectory, Restoration Hardware (RH) posted a 103.5 percent increase in third-quarter net income, which totaled $19.4 million. Net revenues for the quarter, which ended on Nov. 1, reached $484.7 million, a 22.4 percent gain over the third quarter of last year. As Gary Friedman,More »

Last updated: December 11, 2014

RH Marches Into Atlanta

RH head Gary Friedman

ATLANTA–It’s the largest, most complete and outright clearest definition of what RH–the retailer formerly known as Restoration Hardware–stands for, and it’s now open for business. Last Friday, RH opened the doors–all 119 of them–to its latest Gallery location, in the upscale Buckhead section of Atlanta, with a six-story, 70,000-square-feet store that looks as much likeMore »

Last updated: November 24, 2014

Restoration Hardware Moves from Loss to Profit in Q2

Restoration Hardware

CORTE MADERA, Calif.-With revenues climbing and expenses plummeting, Restoration Hardware posted net income of $27.3 million in its second quarter ending on Aug. 2, as opposed to its second-quarter net loss of $17.8 million last year. Net revenues gained 13.5 percent to finish the quarter at $433.8 million. This included an increase of 13 percentMore »

Last updated: September 11, 2014

Restoration Hardware: In the Black

Duke_Ratliff

Gary Friedman, Restoration Hardware’s CEO, owes me $5. Upon returning from my vacation, I found a massive, black block wrapped in plastic on my dining room table. My dogsitter had left it there with the rest of the mail. After quite a bit of effort to rip apart the wrapping, I discovered the approximately 12More »

Last updated: July 24, 2014

Restoration Hardware Goes from Loss to Profit in Q1

Restoration Hardware Rebrands Itself as RH

CORTE MADERA, Calif.-Strong gains in revenues, especially on a comparable-brand basis, led Restoration Hardware from red ink to black ink on its bottom line for the first quarter, which ended on May 3. Net income for the quarter totaled $1.8 million, compared to a net loss of $161,000 for last year’s first quarter. Net revenuesMore »

Last updated: June 12, 2014

Restoration Hardware Posts Profit, Appoints Diemoz Development Chief

Restoration Hardware

CORTE MADERA, Calif.-Substantial gains in revenues propelled Restoration Hardware to net income for both its fiscal year and fourth quarter, reversing losses in both periods from one year ago. The company also announced the appointment of a chief development officer. Net income for the quarter totaled $26.6 million, against a fourth-quarter loss of $28.4 millionMore »

Last updated: March 28, 2014

Restoration Hardware Boosts Q2 Sales 30.5 Percent

Restoration Hardware

CORTE MADERA, Calif.-In what the company described as a record second quarter, Restoration Hardware posted net sales of $382.1 million, up 30.5 percent over the second quarter of last year. The retailer reported both non-adjusted and adjusted figures for its bottom line in the quarter, which ended on Aug. 3. On a non-adjusted basis, RestorationMore »

Last updated: September 11, 2013

Friedman Reappointed Chairman, Co-CEO of Restoration Hardware

Gary Friedman

CORTE MADERA, Calif.-Gary Friedman has reassumed the roles of chairman and co-CEO of Restoration Hardware. Friedman, previously chairman emeritus, creator and curator, serves as co-CEO along with Carlos Alberini, who has been named co-CEO as well. The two men previously served as co-CEOs from June 2010, when Alberini joined Restoration Hardware, to October 2012. AtMore »

Last updated: July 3, 2013