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High-end home goods retailer.
15 Koch Road, Suite J
Corte Madera, CA 94925
CEO: Gary Friedman
Stock Symbol: RH
Restoration Hardware is a luxury home furnishings retailer selling furniture, home accessories, lighting, draperies, bath goods and rugs.
As of January 31, 2015, the Company operated a total of 67 retail stores, consisting of 57 legacy Galleries, 7 large format Galleries and 3 Baby & Child Galleries, as well as 17 outlet stores throughout the United States and Canada. This compares to a total of 70 retail stores, consisting of 62 legacy Galleries, 5 large format Galleries and 3 Baby & Child Galleries, as well as 17 outlet stores throughout the United States and Canada as of February 1, 2014.
In 2014, the company reported record revenues of $1.867 billion, up 20% from a year ago. Net income was $97.6 million.
Company CEO Gary Friedman said, "We are very pleased with the initial trends and performance of our first next generation Design Gallery, RH Atlanta - the Gallery at the Estate in Buckhead. RH Atlanta is the first Gallery that showcases all of our current concepts, RH Interiors, RH Small Spaces, RH Baby & Child, and RH Outdoor. Early indications are strong and we expect Atlanta's performance to accelerate further as we continue to add future new businesses, such as RH Kitchen, and two new yet to be disclosed concepts that we will announce later this year."
The company was originally founded by Stephen Gordon in 1979 when he was trying to restore his Queen Anne Victorian home in Eureka, CA. After spending endless days tracking down missing bits and pieces of authentic period hardware, lighting fixtures and finishes, Gordon found there were a lot of people with the same problems. He sensed a need in the marketplace, found his true calling in life, and opened the first Restoration Hardware store in his home in 1980.
In 2001, the company began to reposition Restoration Hardware from a nostalgic, discovery-items business to a leading home furnishings brand. In 2008, it was taken private by investment funds affiliated with Catterton, Tower Three and Glenhill.
Restoration Hardware went public on November 2, 2012 on the New York Stock Exchange and sold 5.2 million shares at $24 each.
*All of these benefits are offered to regular full-time associates and many are offered to regular part-time associates.
- Generous Associate Discount Program
- Competitive time off plan that includes vacation, sick and holiday time
- Company paid life insurance, and short-term and long term disability income protection programs
- Employee Assistance Program
- A flexible health plan that offers choice in providers that includes medical, dental and vision benefits for you, your spouse or domestic partner and children
- Health Care and Dependent Care Spending Accounts
- 401(k) Savings Plan
Updated March 27, 2015