By Inti Pacheco
Restoration Hardware CEO Gary Friedman was on a call with analysts Wednesday afternoon talking about the furniture retailer's clearance strategy and how the housing market could slow in this economic environment. Then he asked colleagues to get a "live read" of his business and checked how the company's stock was doing.
"Oh really? Oh, shit, OK," Friedman said. "It got hit when I think the tariff came out and everybody can see in our 10-K where we're sourcing from so it's not a secret."
Shares of Restoration Hardware were down 41% in Thursday's trading. The furniture company said in its annual report that 72% of its products were sourced from Asia in 2024, including 35% from Vietnam and 23% from China.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
April 03, 2025 12:14 ET (16:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。