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
Wolseley adds a store in British Columbia
Thu, April 18th, 2024
Canadian Tire voted one of Canada's most trusted brands
Thu, April 18th, 2024
Amazon's European shipments will ride the rails
Thu, April 18th, 2024
Throwback Thursday: Ten years ago we reported on the giant salaries that CEOs were paid
Thu, April 18th, 2024
Federal budget: Capital gains tax hike will hit business owners
Wed, April 17th, 2024
Retailers among Canada’s Greenest Employers
Wed, April 17th, 2024
Castle welcomes new member in Nova Scotia
Tue, April 16th, 2024
Home Depot loss prevention officer charged in theft investigation
Tue, April 16th, 2024
Housing starts rise in March
Tue, April 16th, 2024
HR Advisor looks at Gen Z, retention
Tue, April 16th, 2024