Core Insights - RH has launched its new gallery, RH Newport Beach, which is designed to be a transformative retail experience for the Southern California market [1][6] - The stock of RH experienced a decline of 7% during a recent trading session [2] - The new gallery spans 97,000 square feet and features multiple floors with various lifestyle installations and dining options [3][5] Gallery Features - The first two floors showcase artistic lifestyle installations, including the largest assortment of RH Outdoor collections in North America, along with collections for RH Baby & Child and RH TEEN [4] - The third floor includes the first fully integrated Waterworks Showroom and an interactive RH Interior Design Atelier [4] - The fourth floor features two Wine Bars and a rooftop restaurant, RH Ocean Grill, which offers a seafood menu and luxury specialties [5] Strategic Initiatives - RH aims to expand its physical retail platform by opening large, immersive Design Galleries that blend retail and hospitality [7] - Upcoming openings include RH Montecito Gallery and RH Interior Design Studio in Palm Desert, CA, with plans for seven additional North American Galleries and two international locations in 2025 [8][9] Market Performance - Over the past three months, RH shares have increased by 25.4%, outperforming the Hoya Capital Housing ETF, which declined by 5% [11] - The ongoing investments in product line transformation and platform expansion are expected to support RH's growth prospects [11]
RH Boosts Retail Platform Expansion, Opens RH Newport Beach Gallery