Restoration Hardware Inc. profits slump 18 percent.
Home Textiles Today, March, 2004
CORTE MADERA, CALIF. -- With margins thinning out and costs rising, fourth-quarter profits at Restoration Hardware Inc. fell by 18.7 percent, to $7.9 million from $9.7 million last year. Acting as a drag were low-or-than-expected holiday sales and higher markdowns to clear the shelves of holiday merchandise, the retailer said.
Helped by a surging catalog and Internet business, overall sales increased by 6.3 percent, to $165 million from $155.2 million. In a big lift to the top line, direct-to-consumer sales shot up by 50.8 percent, to $26.6 million from $17.6 million last year. The company's store sales were relatively flat, however, edging up just 0.6 percent, to $138.4 million from $137.6 million. Same-store sales decreased by 0.7 percent. ...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
