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Market Report

Williams Sonoma’s plan to compete with Amazon: Great service, great stores

market watch | October 11, 2017
It’s plain to see that Laura Alber, the CEO of Williams Sonoma, is getting tired of answering questions about the declining state of the retail industry, and how her company hopes to compete with Amazon. Laura Alber Alber, who was in New York recently for an appearance at Recode’s ... By Dennis Scully

Goldman Sachs conference casts a spotlight on RH’S showman founder

market watch | September 20, 2017
As Matthew Fassler of Goldman Sachs took to the microphone to wrap up the final session of the Goldman Sachs Global Retail Conference on September 7, he expressed his delight in being able to end the afternoon by hearing from a company “that is having a great day.” The company was RH, the parent... By Dennis Scully

Gary Friedman’s RH wins the latest round against the short sellers

market watch | September 13, 2017
On the afternoon of September 6, as the regular session trading on the floor of the New York Stock Exchange drew to a close, after-hours traders sat waiting for RH, the parent company of Restoration Hardware and Waterworks, to release its financial results for second quarter of fiscal year 2017.... By Dennis Scully

What does Wayfair and Home Depot share price decline mean for the industry?

market watch | August 23, 2017
Recently, two leading companies in the home world, Wayfair and Home Depot, released strong earnings reports, only to see their share prices fall in response. Such counterintuitive price action is often an early sign of a change in the market’s mood; the bigger question is whether it is pointing ... By Dennis Scully

On a busy day for Amazon, Ethan Allen launches digital storefront

market watch | August 2, 2017
On the afternoon of July 27, Ethan Allen chairman and CEO Farooq Kathwari was preparing to make an appearance on the financial news channel CNBC. He was there to discuss his company’s new partnership with Amazon. The deal would mark the first time in Ethan Allen history that the company’s produc... By Dennis Scully

Ballard Designs parent company gets a buyout. Now what?

market watch | July 26, 2017
Ballard Designs has made the news recently for its new collection with design industry favorite Miles Redd. What readers might not know is that the company has also been in the news because its parent company, Cornerstone Brands, which is owned by HSN Inc., is being acquired. Greg Maffei, p... By Dennis Scully

Restoration Hardware borrows $1B to repurchase shares

market watch | July 19, 2017
RH, the parent company of Restoration Hardware and Waterworks, appears to have executed a partial leveraged buyout of itself, borrowing more $1 billion (nearly half the value of the entire company) to repurchase its own shares. Gary Friedman, CEO and chairman of RH Indicating that it h... By Dennis Scully

Is Blackstone’s acquisition of IMC a vote of confidence in the furniture industry?

market watch | July 11, 2017
Last week, Blackstone Real Estate Partners and Blackstone Tactical Opportunities acquired the International Market Centers, Inc., the world’s biggest owner-operator of showroom space including 10 buildings at High Point Market and the entire Las Vegas World MarkET CENTER. At a time when busin... By Dennis Scully

Wayfair shares soar, as profits prove elusive

market watch | July 6, 2017
The home furnishings industry is hardly one known for producing billionaires, but on May 9 of this year it managed to produce two of them. Niraj Shah and Steve Conine are the cofounders of the online home furnishings juggernaut known as Wayfair. Together they control almost all the Class B votin... By Dennis Scully

Note to RH shareholders: The ride is going to be a little bumpy

market watch | June 29, 2017
In RESTORATION HARDWARE’s most recent earning report, company chairman and CEO Gary Friedman described his team as one “willing to march into hell, as we did last year, for a heavenly cause.” If you’ve been a shareholder of RH stock over the past two years, you might well think you’ve been to he... By Dennis Scully
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