RH's European Business Continues to Accelerate -- Market Talk

Dow Jones

06-13

1740 ET - RH's business in Europe is accelerating, CEO Gary Friedman says in a letter to shareholders. Demand grew 60% in 1Q across its two comparable locations in Germany. Its store in England saw a 47% jump in 1Q, with online demand up 44%. Demand is also accelerating in its non-comparable galleries in Brussels and Madrid, the CEO says. The company is set to open a Paris storefront in early September and has plans to open locations in London and Milan next year. "We believe post each opening we will begin to have the scale to support the necessary advertising investments to accelerate our growth in Europe," the CEO says. (dean.seal@wsj.com)

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June 12, 2025 17:40 ET (21:40 GMT)

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Demand grew 60% in 1Q across its two comparable locations in Germany. Its store in England saw a 47% jump in 1Q, with online demand up 44%. Demand is also accelerating in its non-comparable galleries in Brussels and Madrid, the CEO says. The company is set to open a Paris storefront in early September and has plans to open locations in London and Milan next year. \"We believe post each opening we will begin to have the scale to support the necessary advertising investments to accelerate our growth in Europe,\" the CEO says. 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Demand grew 60% in 1Q across its two comparable locations in Germany. Its store in England saw a 47% jump in 1Q, with online demand up 44%. Demand is also accelerating in its non-comparable galleries in Brussels and Madrid, the CEO says. The company is set to open a Paris storefront in early September and has plans to open locations in London and Milan next year. \"We believe post each opening we will begin to have the scale to support the necessary advertising investments to accelerate our growth in Europe,\" the CEO says. (dean.seal@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 12, 2025 17:40 ET (21:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAQC","symbol_name":"Accelerate Acquisition Corp","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2543540707","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2543540707","pubTimestamp":1749764400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1740 ET - RH's business in Europe is accelerating, CEO Gary Friedman says in a letter to shareholders. 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The company is set to open a Paris storefront in early September and has plans to open locations in London and Milan next year. \"We believe post each opening we will begin to have the scale to support the necessary advertising investments to accelerate our growth in Europe,\" the CEO says. (dean.seal@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 12, 2025 17:40 ET (21:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}