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Restoration Hardware Store

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BUSINESS
March 23, 2001 | ABIGAIL GOLDMAN, TIMES STAFF WRITER
Quirky home store chain Restoration Hardware, which during the last two years has gone from market darling to Wall Street dud, is looking to remodel its business by putting former Williams-Sonoma Inc. President Gary Friedman in the top job. The question Thursday was whether Friedman, long known as the brilliant merchandiser behind Williams-Sonoma and Pottery Barn stores, is the best choice to lead a company that many say has great products but a disappointing financial performance.
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BUSINESS
November 28, 2007 | From Times Wire Services
Restoration Hardware Inc., a Corte Madera, Calif.-based home-furnishings chain, said it might consider Sears Holdings Corp.'s $269-million takeover bid and provide confidential financial data if Sears agreed not to start a tender offer for its shares. Sears has so far refused to sign an agreement precluding that from happening, Restoration Hardware said. Sears' revised bid of $6.75 a share is a "vast improvement" over its previous offer of $4, Restoration Hardware said.
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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
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.
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
November 23, 2005 | From Associated Press
Restoration Hardware Inc. said its fiscal third-quarter loss widened by more than 35% even as revenue grew nearly 9%. The upscale home furnishings retailer, based in Corte Madera, Calif., said it lost $4.2 million, or 11 cents a share. That compared with a net loss of $3.1 million, or 9 cents, a year earlier. Revenue for the quarter ended Oct. 29 was $128.4 million, up from $118.2 million a year earlier. Sales at stores open at least a year fell 2.1%.
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
August 31, 2007 | From Times Wire Services
Restoration Hardware Inc., a home-improvement and furnishings retailer, said it swung to a loss in the fiscal second quarter, hurt by weak sales and more promotional selling as housing market problems persist. For the quarter that ended Aug. 4, the company lost $7.9 million, or 20 cents a share, versus a year-ago profit of $236,000, or a penny a share. Revenue rose nearly 3% to $183.8 million.
BUSINESS
June 1, 2007 | From Times Wire Services
Home furnishings retailer Restoration Hardware Inc. posted a wider first-quarter loss because of a shortfall in outdoor and seasonal sales and the slowdown in home building. The firm reported a loss of $13.8 million, or 35 cents a share, for the quarter ended May 5, compared with a loss of $4.9 million, or 13 cents, a year earlier. Sales rose 7% to $142.1 million. The results matched the expectations of analysts polled by Thomson Financial.
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.
BUSINESS
November 20, 2007 | From Times Wire Services
Sears Holdings Corp., the department store company run by investor Edward Lampert, said it bought a 13.7% stake in Restoration Hardware Inc. Sears disclosed the stake in a regulatory filing and said it held talks with company executives regarding a possible business combination. Restoration Hardware, a Corte Madera, Calif.-based home furnishings chain, agreed to be acquired last week by buyout firm Catterton Partners for $267 million.
BUSINESS
August 31, 2007 | From Times Wire Services
Restoration Hardware Inc., a home-improvement and furnishings retailer, said it swung to a loss in the fiscal second quarter, hurt by weak sales and more promotional selling as housing market problems persist. For the quarter that ended Aug. 4, the company lost $7.9 million, or 20 cents a share, versus a year-ago profit of $236,000, or a penny a share. Revenue rose nearly 3% to $183.8 million.
BUSINESS
June 1, 2007 | From Times Wire Services
Home furnishings retailer Restoration Hardware Inc. posted a wider first-quarter loss because of a shortfall in outdoor and seasonal sales and the slowdown in home building. The firm reported a loss of $13.8 million, or 35 cents a share, for the quarter ended May 5, compared with a loss of $4.9 million, or 13 cents, a year earlier. Sales rose 7% to $142.1 million. The results matched the expectations of analysts polled by Thomson Financial.
BUSINESS
August 29, 2006 | From the Associated Press
Furniture, hardware and bath ware retailer Restoration Hardware Inc. said Monday that it climbed into the black in its fiscal second quarter as sales grew. For the quarter ended July 29, the company earned $236,000, or a penny a share, compared with a net loss of $2.5 million, or 7 cents, a year earlier. Quarterly sales rose 24% to $179.3 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
November 20, 2007 | From Times Wire Services
Sears Holdings Corp., the department store company run by investor Edward Lampert, said it bought a 13.7% stake in Restoration Hardware Inc. Sears disclosed the stake in a regulatory filing and said it held talks with company executives regarding a possible business combination. Restoration Hardware, a Corte Madera, Calif.-based home furnishings chain, agreed to be acquired last week by buyout firm Catterton Partners for $267 million.
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