Restoration Hardware is an American furniture chain of home furnishings, bath fixtures and bathware, functional and decorative hardware and related merchandise. The company defines its wares as classic and authentic American. Restoration Hardware, Inc. sells its merchandise offering through its retail stores, catalog and online. As of June 17, 2008, The Company currently operates 100 retail stores and 10 outlet stores in 30 states, the District of Columbia and Canada.
The company is not owned by any other home furnishing brands and is not affiliated in any way with others like Pottery Barn or Ethan Allen. However, in mid-2006 they established a new brand, Brocade Home, that is currently offered only through the website and catalog.
Most of Restoration Hardware's products are of a style that recalls an early-Twentieth Century New York, but they have recently added more modernistic products such as the German-designed Spritz series of bath faucets that recall the Bauhaus designs. They also carry their own line of paint with a selection of thirty-three colors, grouped into four shades each of yellow, green, blue, purple, brown, rose, three shades of white, and four shades of the company's signature Silver Sage. Silver Sage is painted throughout all 100+ stores nationwide.
Popularly known for their wide range of hardware knobs, pulls, hinges, and hooks, Restoration Hardware has expanded their selection to include bathware, textiles, furniture and gallery lighting to appeal to a larger demographic. Lines are designed to match or complement one another in color and style. The company also carries an eclectic variety of toys, gardening tools, gadgets, and seasonal holiday decor, which maintain an overall 1920s period theme.
Today, Restoration Hardware is currently straying away from the tools, toys and gadgets market and has focused on furniture quality and customer service. A newly expanded selection of living, bedroom, dining, office, bath, and outdoor furniture, bath textiles, and bed linens are the core of Restoration Hardware. Most Restoration Hardware furniture is made in the USA, bed linens are made in Italy, and bath textiles are made in Turkey.
In November 2007, Sears Holdings Corporation announced the purchase of a 13.7% share of Restoration Hardware, prompting speculation that Sears Holdings may attempt a full takeover.
In the slowing housing market, Restoration Hardware is slated to close 2 stores in 2008, and open one in Canada.
In June 2008, Restoration Hardware completed the transaction without Sears Holding, but instead with Catterton Partners. As of June 18th, 2008, the company is no longer public on the stock market.
Also in June 2008, RH Baby & Child was officially launched via the website & catalog channels.
SEARS MAKES BID FOR RESTORATION HARDWARE THE BID IS SLIGHTLY HIGHER THAN A BID FROM EQUITY FIRM CATTERTON PARTNERS.(BUSINESS)
Nov 27, 2007; Byline: ASHLEY M. HEHER Associated Press CHICAGO -- Sears Holdings Corp. said Monday it was prepared to buy out the rest of...