CORTE MADERA, Calif.--(BUSINESS WIRE)--Oct. 25, 2017--
RH (NYSE: RH) today announced that Gary Friedman, Chairman and Chief
Executive Officer, and the RH Leadership Team, will be presenting their
transformation and growth strategy, plus plans to revolutionize physical
retailing at an investor day on Thursday, November 16 at 2:00 pm EST in
West Palm Beach, Florida.
The investor day will include a tour and dinner in the rooftop
restaurant of the Company’s latest next generation Design Gallery, RH
West Palm, opening on Sunday, November 19.
Blurring the lines between residential and retail, indoors and outdoors,
home and hospitality, RH West Palm is a physical expression of the RH
brand that cannot be replicated online. Prominently situated in the
center of Okeechobee Boulevard, and serving as a central focal point
along the city’s main artery, the four-story structure features 80,000
square feet of interior and exterior space that seamlessly integrates
all of the RH businesses – Interiors, Modern, Outdoor, Baby and Child,
Teen, Interior Design and Hospitality.
You realize this is no ordinary retail store when you valet park your
car in front of a 14 foot high wall of falling water inspired by the
famous fountain in New York’s Paley Park, and admire the dramatic
installation by the renowned contemporary artist RETNA that canvases the
entire eastern façade of the building with his iconic ancient text-based
imagery. You can wander through 10,000 square feet of lush gardens
featuring the brand’s vast collection of outdoor furniture, or navigate
the three floors of interior installations while imagining the home of
your dreams with one of RH’s design professionals. Dine under a soaring
glass atrium in the rooftop restaurant while listening to the sound of
trickling fountains. Enjoy a glass of Rose in the romantic wine vault,
or order your favorite coffee drink, and pick up a pastry from the
pantry and barista bar.
RH West Palm features the Company’s continued foray into hospitality
with a seamlessly integrated culinary offering by celebrated
restaurateur and founding president of RH Hospitality, Brendan Sodikoff,
which includes the RH Rooftop Restaurant, Wine Vaults & Tasting Rooms,
plus a Pantry & Barista Bar.
Webcast
A live webcast of the investor day presentation and question and answer
session can be accessed on Thursday, November 16 at ir.rh.com
at 2:00 pm EST (11:00 am PST).
About RH
RH (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, RHModern.com, and
Waterworks.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of
the federal securities laws, including statements related to including
statements related to the customer experience when visiting RH West
Palm, the presentation and layout of the RH West Palm location and the
Company’s merchandise and business offerings within this location,
including Interiors, Modern, Outdoor, Baby and Child, Teen, Interior
Design, Hospitality, the RH Rooftop Restaurant, Wine Vaults & Tasting
Rooms as well as the Pantry & Barista Bar. 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 or the assumptions set forth in this release include,
among others, our ability to retain key personnel; successful
implementation of our growth strategy; our ability to leverage
Waterworks; uncertainties in the current performance of our business
including a range of risks related to our operations as well as external
economic factors; general economic conditions and the impact on consumer
confidence and spending; changes in customer demand for our products;
our decisions concerning the allocation of capital; decisions concerning
the allocation of capital including the extent to which we repurchase
additional shares of our common stock which will affect shares
outstanding and EPS; factors affecting our outstanding convertible
senior notes or other forms of our indebtedness; 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; strikes and work
stoppages affecting port workers and other industries involved in the
transportation of our products; 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; risks related
to the successful opening of RH West Palm and the successful
implementation of the investor day 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 RH’s most recent Form 10-K and Form 10-Q filed with
the Securities and Exchange Commission, and similar disclosures in
subsequent reports filed with the SEC, which are available on our
investor relations website at ir.rh.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/20171025006321/en/
Source: RH
RH
Cammeron McLaughlin, 415-945-4998
SVP, Investor Relations &
Strategy
cmclaughlin@rh.com
