I was always under the–apparently incorrect–impression that when you pay the prices that places like Restoration Hardware command for their furniture, you get some kind of guarantee along with that. Say, that if you drop eighteen grand on some beautiful weathered-finish patio furniture, that beautiful finish isn’t going to just weather itself right off the furniture in under a year. Dennis has learned that this isn’t the case. [More]
The Wall Street Journal says that big discounts and hilarious bailout-themed marketing has failed impress consumers, and retailers are expecting sales to worsen before they get better. Restoration Hardware launched a “bailout” themed promotion offering $100 off purchases of $400 or more at the home furnishings chain, while Steve Madden posted signs depicting “a declining stock chart and implored shoppers to “Sell Stocks, Buy Shoes.”
If what this alleged Restoration Hardware employee says is true, the home furnishings chain may have just sacrificed its last remaining claim to distinction—high quality, American-made furniture—in an effort to increase profits. Supposedly, shoppers will see the effect of outsourced furniture through lower prices. RH furniture was always known to be fairly good stuff, if not cheap—can we now expect cheap but not good?
Restoration Hardware has rejected a takeover bid by Sears and will be bought out by a private equity firm, Catterton Partners.
Amy, who had a dangerous soot spread through her house after a candleholder melted, has a few responses to reader comments.
Everyone knows not to leave the house with a candle burning. Most people also assume that a candleholder will not melt and release a noxious cloud and cause $17,000+ in damage, especially one sold by such a fancy pants place like Restoration Hardware.