Restoration loses $15.2M

December 2007
Furniture/Today;12/17/2007, Vol. 32 Issue 15, p1
Trade Publication
The article reports on the net loss of $15.2 million of Restoration Hardware Inc. in the third quarter of 2007 in Corte Madera, California. The company lost $12.9 million on operations in the quarter including the $1.4 million in expenses related to its agreement with Catterton Partners. According to Gary Friedman, president and chief executive officer (CEO) of Restoration, weakening consumer spending and traffic levels affect the business.


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