LYCOS RETRIEVER 
Hardware: Restoration Hardware
built 485 days ago
Restoration Hardware is a specialty retailer of home furnishings, functional and decorative hardware and related merchandise. They offer a broad but carefully edited selection of merchandise that provides a consistent point of view throughout the stores. The collection of merchandise include classic American styled furniture, home furnishings, lighting, functional and decorative hardware and discovery items. The company markets its merchandise through retail locations, mail order catalogues and on the world-wide web at www.restorationhardware.com.
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Restoration Hardware has a deal with Catterton Partners to take itself private. But that deal now appears as though it may be in jeopardy after Sears Holdings recently bought nearly 14 percent of Restoration Hardware's stock while signaling it is considering making a bid for the entire company.
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CORTE MADERA, Calif., Aug. 23 /PRNewswire-FirstCall/ -- Restoration Hardware, Inc. (Nasdaq: RSTO) today announced that it will release second quarter 2007 financial results on Thursday, August 30, 2007, after market close. Following the release via the wire services, the Company will host a conference call beginning at 5:00 p.m. Eastern Time on August 30, 2007. The call will be available through a live audio webcast at http://www.restorationhardware.com under "investor relations." A replay of the call will be archived on the Restoration Hardware web site beginning at approximately 7:00 p.m. Eastern Time the same day. The call can ... be accessed by dialing 800.862.9098 or via live webcast at http://www.videonewswire.com/event.asp?id=42048. A telephone replay will be available at 888.567.0045 until September 6, 2007.
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CORTE MADERA, Calif., Aug. 8 /PRNewswire-FirstCall/ -- Restoration Hardware, Inc. (Nasdaq: RSTO) today announced that it has signed a 15 year lease for a new distribution center in West Jefferson, Ohio. Construction is expected to begin in Fall 2007 with operations commencing in Summer 2008. The new facility will complement Restoration Hardware's existing distribution centers in Hayward and Tracy, California and Baltimore, Maryland, and will allow the Company to phase out of its current third party operations in Nashville, Tennessee.
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CORTE MADERA, Calif., Jan 11, 2008 /PRNewswire-FirstCall via COMTEX/ -- Restoration Hardware, Inc. (RSTO) today announced sales results for the nine-week holiday period ended January 5, 2008. Net revenue was $171.5 million versus $173.2 million in the year-ago period. This reflects a decline of 1% in the 2007 Holiday selling season compared to a 22% increase in the 2006 season. During the period, the Company's circulated page count declined 17% versus a year ago, driven by a commensurate reduction in the number of books mailed and reflecting management's long-term strategy to reduce costs and improve productivity.
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Restoration Hardware rejects revised Sears Holdings bid Corte Madera, Calif. Struggling home specialty chain Restoration Hardware said it for a merger/acquisition by an investment group led by Catterton Partners, even after Sears Holdings claimed its revised bid was richer than Cattertons. Restoration Hardware said it had determined that the Sears bid was not reasonably likely to result in a superior proposal under the terms of the [Catterton] agreement and plan of merger because, among other considerations, the proposal was subject to significant uncertainties compared to the agreement and plan of merger. Sears waited until the last day of the RH go-shop period, Feb. 28, to make its most recent offer, which pegged the buyout at $4.55 per share plus other considerations. Cattertons latest bid was $4.50.
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