Thursday, March 31, 2016

Restoration Hardware slips in Q4; sees new brand as $1 billion business

Production and shipping delays related to its new collection of modern furniture, which it also has launched as a standalone business, are taking a toll on Restoration Hardware Holdings Inc. as the high-end retailer issued a weak outlook for the current quarter.

Restoration Hardware reported its fourth-quarter earnings slid to $33.3 million from $42.5 million a year earlier. Revenue rose 11% to $647.2 million, less than expected. Comparable store sales increased 9%.. . . more

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