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May 12, 2020
Wayfair was struggling. Then came the virus
In March, shares of Wayfair had fallen to a five-year low. Then the coronavirus decimated brick-and-mortar competition, and the online furniture retailer’s stock price has hit an all-time high. But can Wayfair turn a profit?
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March 2, 2020
What does a haywire stock market mean for home brands?
Last week, the stock market saw the biggest weekly selloff since the financial crisis in 2008. The S&P 500 index had fallen by nearly 12 percent—and shares of many home-related companies fared far worse. Dennis Scully explains what the market fluctuations mean and explores what might come next.
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January 15, 2020
2019 was a great year for home stocks. What does 2020 hold?
Last year was great for the stock market in general, and home retailers in particular. But it’s a new year, and with January earnings starting to come in, it’s a good time to take a look at what lies ahead for companies like Williams Sonoma, RH and Pier 1.
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December 6, 2019
How high can RH shares climb?
On Wednesday, shortly after the market closed for trading, RH reported earnings results for the third quarter. The numbers were strong—and so was the market’s response. Market Watch columnist Dennis Scully unpacks why traders, after years of shorting the company’s stock, find themselves chasing RH shares to record highs.
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November 4, 2019
How much longer can Wayfair keep losing money?
Wayfair’s third-quarter results revealed a widening gap between revenue growth and operational losses, leading to the company’s fifth significant share drop since 2014. With an accumulated deficit of more than $1.7 billion, Wayfair’s path to profitability looks increasingly obscure.
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September 16, 2019
RH is on top of the world
Following positive earnings news—adjusted earnings came in at $3.20 a share, up 59 percent from last year, on revenue of nearly $707 million for the quarter—and a stock price that had nearly doubled in the past three months, RH chairman and CEO Gary Friedman was ebullient as he treated the team of Wall Street analysts who cover the company to a post-earnings conference call that spanned nearly two hours.
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June 17, 2019
Is RH on the verge of becoming a global luxury goods brand?
Heading into last week’s earnings announcement, RH shareholders had every reason to be nervous. But after reporting stronger than expected results, the company’s shares jumped by over 20 percent in after-hours trading. On the earnings call with investors, RH chairman and CEO Gary Friedman also spoke of how the business he is building will be centered around global expansion and the opportunity to capitalize on the company’s in-house interior design firm.
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May 15, 2019
Change at the top for Bed Bath & Beyond, RH pays out, and more
Market Watch columnist Dennis Scully analyzes the ups—and mostly downs—at retailers Bed Bath & Beyond, RH and Wayfair. From new leadership to a major settlement with an investor group, here’s everything you need to know about these publicly traded brands.
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April 16, 2019
Is winter coming to Bed Bath & Beyond?
If, like Bed Bath & Beyond CEO Steven Temares, you’ve been making millions of dollars a year while driving your company’s share price into the ground, the last thing you want to hear is that a Schedule 13D with your company’s name on it has been filed with the Securities & Exchange commission. Dennis Scully breaks down the business news.
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