CORTE MADERA, Calif. — Shares in Restoration Hardware rose 14% on Friday, the company’s largest daily jump since June, as it continues to buck some of the most challenging trends for retailers today. The high-end furnisher’s growth shows no signs of abating, buoyed by strong Q4 earnings as winter weather ate at many retailers’ profits. At a time when small formats are all the rage, Restoration has moved into larger premises. In a Wall Street Journal interview, Hedgeye analyst Brian McGough says the firm is “doing to the home furnishings space what Ralph Lauren did to apparel in the 80s,” and predicts that its annual per-share profit will increase by as much as half over the next five years.
Restoration shows retail’s not dead
Most Recent
Most Read
AQMAT unveils its “Family Portrait” of the industry in Quebec
Wed, May 01st, 2024
Is the honeymoon ending for self-checkout?
Wed, May 01st, 2024
Amazon announces first quarter results, triples profits
Wed, May 01st, 2024
Peavey marks grand opening in Manitoba
Tue, April 30th, 2024
Hiring in Ontario? Legislation around job postings has changed
Tue, April 30th, 2024
Steffan Yantzi joins Home Hardware stores as shareholder
Mon, April 29th, 2024
Looking for your next new hire? Hardlines Classifieds can help
Mon, April 29th, 2024
RONA adds six new affiliate dealers
Fri, April 26th, 2024
King Marketing gathers national team, celebrates achievements of its reps
Fri, April 26th, 2024
Aaron Jarosz promoted to lead Home Depot Canada's pro services
Thu, April 25th, 2024