Restoration Hardware CEO Gary Friedman believes RH Modern, a new business set to launch this fall, will boost brand loyalty and support the company’s innovative, out-of-the-box thinking.
During Thursday’s first-quarter earnings conference call, Friedman explained to investors during a 21-minute presentation the company’s plans for RH Modern and goal of increasing revenue from $1.9 billion last year to $4 billion or $5 billion.
RH Modern’s “next-generation design galleries” will open in some major cities....