RH Diversifies Supply Chain Away From China Amid Tariff Uncertainty
RH, the luxury home decor retailer, is diversifying its supply chain away from China due to tariff uncertainties. Meanwhile, Los Angeles Apparel, founded by Dov Charney, has opened its first standalone retail store in New York City's SoHo neighborhood. Speculation is rife about a potential sale of Puma, with several major players showing interest.
RH's strategic shift in sourcing is expected to result in a significant decrease in receipts from China, down to just 2% in the fourth quarter. This move comes amidst ongoing tariff uncertainties. The company's net revenues have been performing well, with an 8.4% year-over-year increase to $899.2 million in the latest quarter. Net income also surged by 79% during the same period, reaching $51.7 million.
RH's strategic shift in sourcing and strong financial performance demonstrate the company's adaptability in the face of changing market conditions. Los Angeles Apparel's expansion into standalone retail signals a new chapter for the brand. Meanwhile, the potential sale of Puma and the departure of a long-serving executive at Saks Fifth Avenue highlight significant changes in the retail landscape. Lush Cosmetics' creative marketing approach showcases the industry's continued innovation.
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