Retail

How once-quirky homeware store RH became a skyrocketing luxury stock

0


Many retail stocks are struggling, but RH is thriving.

Shares of the upscale home goods store have more than doubled over the past year.

CEO Gary Friedman has said the company is benefitting from the droves of homebound shoppers who are looking around their dwellings all day long and finding plenty of opportunities for sprucing up.

The pandemic is a global catastrophe, but it has brought some blessings to companies like RH. The company began life in 1980 as a quirky and highly specialized store that sold retro-looking furniture, fittings and other housewares. But it is now a luxury brand that serves wealthy customers who have been far less hurt by the economic fallout of the Covid-19…



Source cnbc.com

GameStop frenzy was the beginning of digital investing

Previous article

BlackRock has ‘started to dabble’ in bitcoin, says Rick Rieder

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Retail