Welcome to our dedicated page for RH news (Ticker: RH), a resource for investors and traders seeking the latest updates and insights on RH stock.
RH (Symbol: RH) is a premier luxury retailer in the home furnishings marketplace, recognized for its innovative approach and rapid growth. Positioned as a lifestyle brand and design authority, RH offers an extensive range of high-quality products including furniture, lighting, textiles, bathware, decor, outdoor and garden items, as well as baby and child products. The company's collections feature timeless, updated classics and reproductions curated from the finest historical designs globally.
RH operates through a sophisticated multi-channel infrastructure, leveraging its significant scale and superior product development capabilities. This integration allows RH to deliver a unique combination of design and quality, positioning it on par with world-class interior designers. The company is also expanding its reach in the hospitality sector with 16 restaurant locations, offering a blend of retail and dining experiences.
As part of its growth strategy, RH is broadening its total addressable market by expanding internationally and enhancing its digital presence through the World of RH platform. This platform showcases offerings beyond home furnishings, including future ventures into color, bespoke furniture, architecture, media, and more.
RH's innovative culture and continuous pursuit of excellence make it a dominant player in the $134 billion domestic furniture and home furnishing industry. The company's integrated approach and consistent presentation across sales channels underscore its commitment to redefining the luxury home furnishings market.
RH (NYSE: RH) has announced the opening of RH Interior Design Palm Desert, marking the company's first standalone interior design destination. Located in El Paseo shopping district, this facility represents the initial phase of RH's comprehensive design ecosystem vision for the region.
The location will host RH's most experienced designers and offer three service levels: Foundational, Comprehensive, and Bespoke design services. The facility features North America's first RH Architecture & Design Library, a Waterworks Showroom, and private client presentation rooms with advanced technology.
Future plans include a Design Gallery opening in 2025, followed by a hospitality concept and outdoor oasis development.
RH (NYSE: RH) has announced the opening of RH Montecito, The Gallery at The Old Firehouse, transforming a historic 9,000-square-foot building in Montecito, California. The 1931 Mediterranean Revival style building has been reimagined as a luxury retail and dining destination.
The facility features The RH Firehouse Grill, an indoor-outdoor restaurant with fireplaces and fountains, a Wine & Barista Bar, and an Interior Design Atelier. The space includes a Great Room with 14-foot ceilings, reclaimed oak beams, and artistic installations. The restaurant offers signature dishes including Whole Grilled Branzino and what they claim might be 'the best Fried Chicken Sandwich in America.'
The gallery's design incorporates French sandstone courtyards, Japanese boxwood hedging, and silver date palm trees, blending indoor and outdoor spaces.
RH (NYSE: RH) has unveiled its largest gallery worldwide, RH Newport Beach, spanning 97,000 square feet across four floors. The new location features a 270-seat indoor-outdoor rooftop restaurant, RH Ocean Grill, specializing in seafood and caviar. The gallery showcases luxury home furnishings from RH Interiors, Modern, Outdoor, Baby & Child, and TEEN collections, alongside rare art and antiques.
The multi-level structure includes a 3,000-square-foot Waterworks Showroom, an 8,500-square-foot Interior Design Atelier, and extensive outdoor spaces. The building features a parchment-cream Venetian plaster exterior, glass-and-steel French doors, and garden courtyards with 100-year-old heritage olive trees. Two Wine Bars on the fourth floor complement the dining experience, serving international and Napa Valley wines.
RH (NYSE: RH) announced the release of its third quarter fiscal 2024 financial results, ended November 2, 2024. The results were communicated through a shareholder letter from Chairman and CEO Gary Friedman, available on the company's investor relations website. The company scheduled a live conference call and audio webcast at 2:00 pm Pacific Time to discuss the results. RH operates in the luxury lifestyle market as a curator of design, taste, and style, offering collections through retail galleries, sourcebooks, and various online platforms including RH.com, RHContemporary, RHModern.com, RHBabyandChild.com, RHTEEN.com, and Waterworks.com.
RH (NYSE: RH) has announced it will release its third quarter fiscal 2024 financial results on Thursday, December 12, 2024, after market close. The results will include a shareholder letter from Chairman and CEO Gary Friedman discussing the company's evolution and recent performance.
The company will host a live conference call and audio webcast at 2:00 pm Pacific Time (5:00 pm Eastern Time) on the same day. Investors can access the call by dialing 800.715.9871 (US) or 646.307.1963 (International) with conference ID 3000234. Both the call and replay will be available via audio webcast on the company's investor relations website.
RH (NYSE: RH) announced the opening of RH Raleigh, The Gallery at North Hills, a 60,000-square-foot luxury retail space spanning three levels. The new gallery features extensive collections of luxury home furnishings, including RH Interiors, Contemporary, Modern, and Outdoor collections. The facility includes a glass-encased Rooftop Restaurant, wine bar, and RH Interior Design offices. The structure showcases a parchment-cream exterior with glass-and-steel French doors, garden courtyards, and terraces. The gallery includes professional design services with private presentation rooms and a comprehensive design library.
RH (NYSE: RH), a curator of luxury lifestyle design, has released its second quarter fiscal 2024 financial results. The report, available on the company's Investor Relations website, was presented in a shareholder letter from Chairman and CEO Gary Friedman. RH leadership is hosting a live conference call and audio webcast to discuss the results. The call can be accessed by dialing 800.225.9448 (or 203.518.9708 for international callers) with the passcode RHQ2. An audio webcast is also available on the IR website. RH offers its collections through retail galleries, sourcebooks, and online platforms including RH.com, RHContemporary.com, RHModern.com, RHBabyandChild.com, RHTEEN.com, and Waterworks.com.
RH (NYSE: RH), a curator of luxury lifestyle design, announced it will report its second quarter fiscal 2024 financial results on September 12, 2024, after market close. The report will include a shareholder letter from CEO Gary Friedman, highlighting the company's evolution and recent performance. RH will host a live conference call and audio webcast at 2:00 pm Pacific Time on the same day. Investors can access the call by dialing 800.225.9448 (US) or 203.518.9708 (international) with passcode RHQ2. The call and replay will also be available via audio webcast on RH's investor relations website.
RH announced that Chairman & CEO Gary Friedman has purchased $10 million worth of RH stock in the open market at an average price of $216.10 per share, totaling 46,274 shares. This transaction increases Friedman's beneficial ownership to 5,051,337 shares, or 25.1% of RH's outstanding shares as of June 26, 2024. RH boasts its presence in the luxury lifestyle market, offering curated collections through retail galleries, sourcebooks, and various online platforms. This strategic move underscores Friedman's confidence in the company's future growth and stability.
RH (NYSE: RH) has unveiled its 2024 Modern Sourcebook, featuring over 50 exclusive collections from renowned designers. This is the most significant update since RH Modern's inception in 2015, showcasing iconic furniture, lighting, and décor pieces. Key highlights include the Boson chair by Patrick Norguet, reissues of Harvey Probber's modular seating, and new collections from designers like Filippo Piotti, Thomas Bina, Ronald Sasson, Emilie Ceriez, Pietro Franceschini, Claudio Bellini, Julie Lawrence, Line Svendsen, and the Condos brothers.
Each piece emphasizes simplicity, balance, and harmony between past and present styles. Notable designs include Probber's Deep Tuft, Cubo Raked, and Mayan collections, as well as Bellini's Bora and Trieste collections. RH invites customers to explore the Sourcebook online or in their galleries for a modern design experience.
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