RH Stock Sinks as Furniture Retailer Says Tariffs Hurt Results, Outlook
RH said its performance was hurt by "the polarizing impact of tariff uncertainty and the worst housing market in almost 50 years." A bright spot was its RH Gallery location in England, which saw demand up 76%, and online demand 34% higher. Close The company noted that because of the tariffs, it has continued to move production out of China, and was now "aggressively responding" to the 50% duties the Trump administration has slapped on imports from India, which constitutes 7% of RH's business. In addition, t ...