RH Remains Stalled In Its Climb Up ‘Luxury Mountain'
RHRH(RH) Forbes·2024-06-15 22:37

For years, CEO Gary Friedman has defined the long-term vision for RH to climb the luxury mountain. ... [+] RH Toronto Gallery at Yorkdale pictured (Photo by GP Images/WireImage)WireImageIn RH’s first quarter 2024 report to Wall Street, CEO Gary Friedman tried to put a positive spin on otherwise depressing news – the lipstick-on-a-pig metaphor comes to mind.For years, Friedman has defined the long-term vision for RH to “climb the luxury mountain,” but it reached its peak in fiscal 2021 with revenues of $3.8 ...