The retailer formerly known as Restoration Hardware has selected a chief real estate and development officer to lead the latest installment of its evolution into a "design gallery": a 70,000-square-foot store in Las Vegas.
A decrease in same-store sales and losses resulting from Destination Maternity’s continued efforts to close underperforming stores fueled a net sales decline in the fourth quarter — just two months after Anthony Romano came on board as CEO.
Restoration Hardware is a company one tends to associate with high-end home furnishings, but the company is expanding into new territory. RH recently launched Hierarchy — an apparel, accessories and footwear brand — and has edited its executive leadership team as a result.
An astonishing 41% first quarter same store sales increase at Restoration Hardware propelled the company to significantly improved profitability and made the specialty retailer an increasingly desirable tenant.
Tomra of North America Inc., a wholly owned subsidiary of Tomra Systems ASA and leading global provider of advanced recycling solutions, today announced the appointment of Harald Henriksen as the new president and CEO of Tomra of North America.