Restoration Hardware Needs Some Resuscitation

The 10-year note hit its lowest level since late 2017 in recent days. Lower mortgage rates have given the housing market a boost, but the macro view is still showing signs of bearishness. For example, February’s housing starts dropped a more-than-expected 9% and home price growth slowed in January to the slowest pace in 6 1/2 years…which brings me to the post at hand.

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Restoration Hardware (RH), together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bath ware, décor, outdoor and garden, tableware, and child and

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