Restoration Hardware has opened RH Manhasset, The Gallery at Americana, a Long Island, NY, store spanning three levels and 19,000 square feet.
Located in an upscale shopping center in Manhasset, NY, the new store features furniture, antiques, artifacts and art in one of RH’s gallery-style stores. The Manhasset location is part of a smaller tier of galleries as compared to the recently opened RH Montreal at 49,000 square feet, RH Paris at 42,000 square feet and RH Oklahoma City at 45,000 square feet.
Crate & Barrel operates a location near the RH Manhasset. Other retailers in the Americana Center include Bluemercury, Burberry, Prada, and Tesla.
As the company announced the latest gallery debut, RH chairman and CEO Gary Friedman stated, “RH Manhasset represents our ongoing quest to elevate and expand the brand with immersive spaces that deliver an extraordinary sensory experience that cannot be replicated online. We are proud to introduce The Gallery at Americana to this vibrant destination for luxury retail.”
In the recently completed second quarter, RH posted net revenues of $899.2 million, operating income of $128.9 million and net income of $51.7 million, or $2.62 per diluted share, or adjusted for one-time events, $57.8 million, or $2.93 per diluted share versus, respectively, $829.7 million, $96.1 million, $29 million, or $1.45 per diluted share, or, adjusted, $33.5 million, or $1.69 per diluted share.
