LYCOS RETRIEVER 
Restoration Hardware: Companies
built 612 days ago
Ray Hemming, chairman of Restoration Hardware’s committee of independent directors, has been quoted saying Sears’ interest in the company is flattering. “Sears is an American icon,” he told Furniture Today, owned by Reed Business Information.
Source:
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.
Source:
CORTE MADERA, Calif., Jan. 11 /PRNewswire-FirstCall/ -- Restoration Hardware, Inc. (Nasdaq: 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.
Source:
Restoration Hardware’s facility is just the first project to get under way in Duke’s development plans in West Jefferson. The realty company ... has landed Kellogg, the national cereal/convenience food producer, which plans to build a 1,142,000 square-foot distribution center on 75 acres adjacent to Restoration Hardware’s facility.
Source:
Restoration Hardware, Inc., incorporated in June 1987, is a specialty retailer of hardware, bathware, furniture, lighting, textiles, accessories and gifts. The Company operated 103 stores and eight outlet stores in 30 states, the District of Columbia and Canada as of February 3, 2007. In addition to its retail stores, Restoration Hardware, Inc. operates a direct-to-customer (direct) sales channel, which includes both catalog and Internet, and a wholly owned furniture manufacturer. The Company is a multi-channel business and its catalog distribution drives sales across Restoration Hardware, Inc.'s retail, catalog and Internet businesses. The Company uses its catalog as the primary marketing vehicle, marketing to new customers and return customers, both in and outside the retail trade area. It is organized into two segments: the Retail segment and the Direct-to-Customer segment
Source:
Restoration Hardware found success in selling to both men and women. Unlike most housewares stores, men accounted for about 30 percent of Restoration Hardware's sales. Analyst Dave Ricci at Chicago's William Blair & Company noted in Business Week that "other stores are focused on tabletop or kitchen. That's not as appealing to men. Restoration Hardware combines tabletop with nickel-plated hammers." In 1998 furniture and lighting brought in 43 percent of the firm's sales.
Source:
MORE ABOUT
Companies