RH 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.
About RH
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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150611006329/en/
Source: Restoration Hardware
Restoration Hardware
Cammeron McLaughlin, 415-945-4998
VP,
Investor Relations
cmclaughlin@rh.com