Introducing Modern, Restoration Hardware Announces the Launch of an Innovative New Retail Concept for the Modern Home
CORTE MADERA, Calif.–(BUSINESS WIRE)–Jun. 11, 2015– RH, Restoration Hardware, today introduced RH Modern, a carefully curated collection that combines the clean lines and minimalist aesthetic of modernism with the comfort and quality that defines the RH brand. RH Chairman and CEO, Gary Friedman, unveiled the new concept during the Company’s first quarter fiscal 2015 earnings video. The video can be viewed at the Company’s Investor Relations website, ir.restorationhardware.com.
Mr. Friedman commented, “RH Modern represents a fresh and compelling aesthetic that we believe will define a new way to live and redefine how to shop for modern furnishings.”
RH Modern will launch this Fall with a 300 page Source Book, a dedicated website, and a significant retail presence, including a freestanding RH Modern store on Beverly Boulevard in Los Angeles, the entire ground floor of its Flatiron gallery in New York City, plus entire floors in its next generation Design Galleries in Atlanta, and those opening later this year in Chicago, Tampa, Denver and Austin. In total, RH Modern is expected to have over 120,000 square feet of selling space in its first year of operation.
For additional information on RH Modern, please see the Company’s first quarter fiscal 2015 earnings video at ir.restorationhardware.com.
RH (Restoration Hardware Holdings, Inc. – NYSE:RH) is a curator of design, taste and style in the luxury lifestyle market. The Company offers collections through its retail galleries, Source Books, and online at RH.com.
Forward Looking Statements
This release and the accompanying video presentation contain forward-looking statements within the meaning of the federal securities laws including statements related to the anticipated timing of launching RH Modern this Fall; the expectation that RH Modern will launch with a 300 page Source Book, a dedicated website, and a significant retail presence, including a freestanding RH Modern store on Beverly Boulevard in Los Angeles, the entire ground floor of its Flatiron gallery in New York City, plus entire floors in its next generation Design Galleries in Atlanta, and those expected to open later this year in Chicago, Tampa, Denver and Austin as well as the anticipated timing of those Design Gallery openings; the expectation that RH Modern will have over 120,000 square feet of selling space in its first year of operation; and any statements or assumptions underlying any of the foregoing. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “will,” “should,” “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future events. We cannot assure you that future developments affecting us will be those that we have anticipated. Important risks and uncertainties that could cause actual results to differ materially from our expectations include, among others, our ability to retain key personnel; successful implementation of our growth strategy; strikes and work stoppages affecting port workers and other industries involved in the transportation of our products; general economic conditions and the impact on consumer confidence and spending; changes in customer demand for our products; factors affecting our outstanding convertible senior notes; our ability to anticipate consumer preferences and buying trends, and maintaining our brand promise to customers; changes in consumer spending based on weather and other conditions beyond our control; risks related to the number of new business initiatives we are undertaking; our ability to obtain our products in a timely fashion or in the quantities required; our ability to employ reasonable and appropriate security measures to protect personal information that we collect; our ability to support our growth with appropriate information technology systems; risks related to “conflict minerals” compliance and its impact on sourcing, if any, as well as those risks and uncertainties disclosed under the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Restoration Hardware Holdings’ Form 10-K filed with the Securities and Exchange Commission on March 27, 2015, and similar disclosures in subsequent reports filed with the SEC, which are available on our investor relations website at ir.restorationhardware.com and on the SEC website at www.sec.gov. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Source: Restoration Hardware