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The company had 47 stores when it went public in 1998, ending the year at over 65 stores. It then expanded to over 100 stores in 31 states, with $369.5 million in net sales [4] by 2001. Restoration Hardware location in the former Museum of Natural History building, Boston
Gary Friedman was born in San Francisco to a Jewish family. When he was five years of age, his father died and he was raised by his mother in Sonoma, California. [2] While attending community college, he worked part-time at The Gap, in 1977. [2]
There may be fewer hardware stores in the US now than in the past, but according to the US Census Bureau, there were still 14,300 hardware stores in the US in 2005, employing on average 10 employees each. [6] Despite competition from large chain stores (commonly referred to as big-box or destination hardware stores, e.g.,
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Over the past week, Restoration Hardware's stock has fallen 11%. Over the past year, however, the stock is up 80%. Just looking at the stock, it's clear that something went very right, but that ...
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