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Restoration Hardware Inc

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BUSINESS
June 20, 1998 | From Bloomberg News
Restoration Hardware Inc., an upscale home-furnishing retailer, made a splash in its first day of trading Friday. The Corte Madera, Calif.-based company sold 3.33 million shares, a 21% stake, in its initial public offering priced at $19, the high end of the expected range of $18 to $19. The shares climbed $7.25 to end the day at $26.25 in Nasdaq trading. Restoration Hardware's substantial trading gain sets it apart from many recent initial public offerings, which have suffered in a rough market.
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BUSINESS
November 27, 2007 | From the Associated Press
Sears Holdings Corp. said Monday it was prepared to buy out the rest of retro-themed retailer Restoration Hardware Inc. for a nickel-a-share premium over a competing offer, a move that could help the iconic chain spruce up its merchandise lines. Sears, which already owns 13.7% of the home-goods company, said it had repeatedly asked for access to Restoration Hardware's confidential financial information and would make a binding offer if those details are provided.
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BUSINESS
March 20, 2003
said it had a fourth-quarter profit of $9.69 million as sales rose 7.4% to $155 million. Net income of 26 cents a share contrasted with a net loss of $11.6 million, or 42 cents, a year earlier.
BUSINESS
March 31, 2006 | From the Associated Press
Restoration Hardware Inc. posted a net loss for its fiscal fourth quarter as results were weighed down by a $27.9-million tax charge. The Corte Madera, Calif.-based retailer reported a net loss of $19.5 million, or 52 cents a share, contrasted with earnings of $10.6 million, or 28 cents, a year earlier. Sales climbed 2% to $191 million.
BUSINESS
December 24, 2002
Restoration Hardware Inc. restated fiscal-year 2001 results, narrowing its loss by 4 cents a share, after finding accounting errors in inventory balances and accounts payable. The net loss was $35.8 million, or $1.53 a share, instead of the previously reported $36.7 million, or $1.57, the hardware and home-furnishings retailer said.
BUSINESS
December 19, 2002 | From Bloomberg News
Restoration Hardware Inc. said it will restate results for the fiscal year ended in February and for the first two quarters of the current year, because of accounting errors. The fiscal-year loss would narrow by about 2 cents to 5 cents a share, the retailer said. The company said it had overestimated accounts payable, and understated merchandise inventories. Shares of Corte Madera, Calif.-based Restoration Hardware fell as low as $4.05 in after-hours trading. They closed at $4.
BUSINESS
May 20, 1999 | From Reuters
Specialty home furnishings retailer Restoration Hardware Inc. posted a first-quarter loss Wednesday as its results were hurt by a furniture sale that proved to be too popular. The Corte Madera, Calif.-based company, which warned earlier this month it would post a greater-than-expected loss for the quarter, posted a net loss of $2.7 million, or 16 cents a share, for the quarter ended May 1, compared with a net loss of $1.
BUSINESS
August 26, 2005 | From Associated Press
Restoration Hardware Inc. said Thursday that it posted a wider second-quarter loss as higher costs offset a sizable revenue increase, and that its third-quarter deficit might be larger than analysts were expecting. In previewing third-quarter results, the Corte Madera, Calif.-based home furnishings retailer said it expected a loss of 3 cents to 5 cents a share, smaller than its loss of 9 cents a share a year earlier but a wider range than the loss of 3 cents a share that analysts were expecting.
BUSINESS
January 20, 2005
* Stephen Gordon, founder and chairman of Corte Madera, Calif.-based Restoration Hardware Inc., resigned to become chief executive of Sundance Catalog Co. Restoration Hardware Chief Executive Gary Friedman was named interim chairman. * A lawyer specializing in freedom of speech and the Internet said he would defend free of charge a 19-year-old publisher of a website accused in a lawsuit of revealing trade secrets about a new computer from Cupertino, Calif.-based Apple Computer Inc.
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