When it comes to retail, RH doesn’t know the meaning of the word “small.”
The effort recalls RH’s landmark opening in Manhattan’s Meatpacking District four years ago. The space has become a notable New York destination since then, and it’s clear that the company hopes to repeat that success in its native Bay Area by hewing to the CEO’s longstanding vision.in 2018, RH’s commitment is “to create a deeper connection and experience,” with less emphasis on selling home furnishings than making people feel at home.
The sector boomed during the pandemic, as people stuck at home focused on fixing up their spaces. Spending for furniture, appliances and equipment jumped $12.1 billion — and that was just for the second quarter of 2020 alone, according to a Comscore e-Commerce and m-Commerce Measurement study. Research firm Earnest pegged five-fold growth from pre-pandemic levels, at up to 50 percent during that period.But these days, demand appears to be softening.
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