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Market Watch

What you didn’t hear on the RH earnings call

market watch | April 4, 2018
Analysts and traders who follow RH, the company formerly known as Restoration Hardware, were given insights into the company’s performance in the fourth quarter on an earnings call last week. But while the call focused primarily on RH’s successes breaking into the hospitality business through it... By Dennis Scully

Williams Sonoma’s strong earnings fail to impress Wall Street

market watch | March 21, 2018
Williams Sonoma managed to surprise Wall Street last week by reporting stronger than expected sales results for the final quarter of 2017. CEO Laura Alber began last week’s quarterly conference call with analysts by delivering a rousing message of optimism and confidence in the company’s prospec... By Dennis Scully

Wayfair’s losses are mounting. Is there a takeover in its future?

market watch | February 28, 2018
On the morning of February 22, as Wayfair was preparing to release its fourth-quarter earnings report, shares of the company’s stock stood just a couple of points shy of their all-time closing high, which had been set just the week before. Traders were wagering that longstanding rumors of Way... By Dennis Scully

Houzz’s message to the design industry? We come in peace

market watch | February 14, 2018
Last week, as part of its ongoing effort to court the interior design industry, Houzz announced it had purchased the project management software company IvyMark for an estimated $30 to $40 million. On the surface, it seemed a relatively minor acquisition for a company that, just eight months ear... By Dennis Scully

As interest rates rise, home stocks get hit hard

market watch | February 7, 2018
Last week, shares of home stocks, including Restoration Hardware, Williams Sonoma and Ethan Allen, all fell, some by nearly 11 percent (compared to the 4 percent Dow Jones decline). In this week’s Market Watch column, Dennis Scully breaks down what this steep drop means for the home furnishings ... By Dennis Scully

Will building stores be spared from a retail apocalypse?

market watch | January 24, 2018
Over the past year as the Dow Jones Industrial Average has risen by over 30 percent, the prevailing wisdom on Wall Street has been to buy shares in the FANG stocks (an acronym for Facebook, Amazon, Netflix and Google) and avoid, at all costs, the so-called Retail Apocalypse stocks, like Macy’s, ... By Dennis Scully

How Modsy’s latest round indicates a tipping point

market watch | December 20, 2017
With a new $23 million Series B funding round* under her belt, Shanna Tellerman, founder and CEO of the revolutionary 3-D home design startup Modsy, sees the industry at a tipping point. *Series B is the second round of funding for a startup company. It is a sign that the business model appea... By Dennis Scully

Interior designers are part of RH’s arsenal against Amazon

market watch | November 21, 2017
E-commerce titan Amazon launched its inaugural two furniture collections on November 6. Ten days later, Gary Friedman, chairman and CEO of RH, the parent company of Restoration Hardware and Waterworks, held an investor day meeting at the site of RH’s newest brick-and-mortar, RH West Palm Beach. ... By Dennis Scully

Amazon takes aim at furniture retailers, profits be damned

market watch | November 15, 2017
Last week, another wave of low-priced, midcentury-inspired furniture came crashing down upon the online retail landscape, with enough force to sharply drive the shares of Wayfair, Restoration Hardware and the rest of furniture sector lower that same day. Amazon confirmed its long-rumored intenti... By Dennis Scully

Strong sales for Holly Hunt offset Knoll’s office struggles

market watch | November 1, 2017
In February of 2014, the office furniture giant Knoll announced that it had purchased Holly Hunt Enterprises for $95 million in cash, plus contingent future payments of up to $16 million. Fast-forward to 2017. In the most recent quarter, Holly Hunt’s stronger sales significantly helped to off... By Dennis Scully
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