Restoration Hardware Holdings Inc. (RH), a seller of high-end home furnishings, fell 5 percent in late trading after cutting its annual revenue forecast.

Sales will be $1.85 billion to $1.87 billion in the fiscal year ending Jan. 31, the Corte Madera, California-based company said yesterday in a statement. Restoration Hardware had previously predicted as much as $1.89 billion.

The company mailed out its source books -- massive catalogs of its furniture and housewares -- seven weeks later than last year, hurting sales in the second quarter, Chief Executive Officer Gary Friedman said in the statement. Still, the company has seen business accelerate during the second half, he said.

Being in the retail business is like being at war -- you need to have a solid strategy that is constantly evolving, Friedman said on a conference call. No matter what your plan or forecast is, it is some degree of wrong and what matters is how quickly you improvise, adapt and overcome. That is what I believe we are very good at.

Restoration Hardware shares fell to $77.91 in extended trading after the results were released. The stock had climbed 22 percent to $82.05 this year through yesterdays New York close.

To contact the reporter on this story: Lindsey Rupp in New York at lrupp2@bloomberg.net

To contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net Stephen West, Ben Livesey

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Restoration Hardware Tumbles After Cutting Its Sales Forecast

SAN FRANCISCO (MarketWatch) Shares of Restoration Hardware Holdings fell in the extended session Wednesday after revenue results and forecasts fell below Wall Street consensus estimates.

Restoration Hardware RH, -3.70% shares fell 3.7% to $79 on heavy volume after the luxury home goods retailer reported fiscal second-quarter earnings of 66 cents a share on revenue of $433.8 million.

While the bottom line was above the 64 cents a share analysts surveyed by FactSet expected, the top line was below the estimated $454.3 million.

Restoration Hardware forecast earnings of 46 cents to 48 cents a share on revenue of $475 million to $485 million for the third quarter, and $2.29 to $2.33 a share on revenue of $1.85 billion to $1.87 billion for the year.

Here again, while the earnings forecast may have passed muster, the revenue one didnt. Analysts expect third-quarter earnings of 43 cents on revenue of $478 million, and for the year, earnings of $2.32 on revenue of $1.89 billion.

Back in June, shares of Restoration Hardware rallied after the luxury-home-goods retailer raised its outlook for the year.

JDS Uniphase Corp. JDSU, +11.28% shares surged 14% to $13.80 on heavy volume after the networking equipment maker announced plans to split the company in two.

Five Below FIVE, -1.25% shares declined 4.7% to $40.37 on moderate volume after the teen-themed discount retailers earnings outlook fell below consensus estimates.

The company sees third-quarter earnings of 5 cents to 6 cents on revenue of $136 million to $138 million for the third quarter, and 86 cents to 89 cents on revenue of $681 million to $687 million for the year.

Analysts estimate 7 cents a share on revenue of $137 million for the third quarter, and 90 cents a share on revenue of $684.8 million for the year.

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After Hours: Restoration Hardware shares fall after hours

By Sanjay Salomon

Boston.com Staff

September 10, 2014 10:05 AM

This incredible 18-room Georgian Colonial sits on more than 20 acres near the center of Weston. The home was built in 1929 and underwent a restoration in 2000 which retained many highlights of Georgian architecture, including distinctive brickwork, arches, and symmetry.

Located at 5 Concord Road in Weston, this $24 million estate consists of two building lots. The main home has nine bedrooms, six full and two partial baths, and almost 9,000 square feet of interior space. Amenities include a 4,000 bottle wine cellar, a Gentlemans Room, and more. The second home has four bedrooms and three baths. There is also a childrens cabin in the woods.

Priscilla Hindmarsh and Deena Powell of Coldwell Banker Residential Brokerage in New England are the listing brokers. Take a look inside. Next

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$24M Weston Estate for Sale

Who is Restoration Hardwares competition? CEO Gary Friedman dismissively referenced Pottery Barn, Crate & Barrel, Ethan Allen and Room & Board as competitors in the sense that they also sell better furniture and home furnishings. But in the 2nd Quarter 2014 earnings call earlier today, Friedman said the real opportunity for the retailer is hidden behind an iron curtain.

The CEO announced real upside for Restoration Hardware is the highly fragmented segment known as to-the-trade design centers, which are accessed nearly exclusively by interior design professionals or individuals with a resale license. Friedman explained that designers routinely receive industry discounts of 20-40%, but consumers need to hire interior designers to access design-center merchandise so any potential discounts may be lost to them. Friedman believes this target market is Restoration Hardwares big opportunity for future growth in both volume and margin. The retailers vision is to house disparate categories of a design district under one roof, giving access and pricing transparency to all consumers.

Perhaps articulation of this vision gives context to the 11-pound mega catalog Restoration Hardware mailed last June, receiving tremendous publicity, much of it not positive. Despite criticism, Friedman still considers the catalog a success, though one likely to be optimized in the future. Interestingly, Friedman himself admitted that his very own Restoration Hardware 12-book compendium remains on a counter in his kitchen, and that he hasnt had a chance to go through it all yet. Its easy to believe that Friedmans experience is consistent with many Restoration Hardware consumersthough they may be less likely than the companys CEO to keep the books on hand for future browsing.

Like the bold move of an epic hardcopy catalog in an increasingly digital world, Restoration Hardware sees their growth coming from aggressive expansion in retail space. Friedman asserts that when online/catalog items receive in-store presence, sales lift from 50 to 150%. It makes sense that merchandise perfectly displayed and lit in gorgeous environs are elevated from products to a lifestyle, likely increasing the desirability of attaining that lifestyle and increasing sales of those items.

When asked what specific line within the Restoration Hardware portfolio that Friedman was most excited for future growth, there was a Benjamin Braddock moment. However, Friedman sees the future not as plastics, but as leatherdistressed leather.

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Behind The Wrought Iron Curtain: Restoration Hardware's CEO Says True Competition Is Professional Designers

Matawan, NJ (PRWEB) September 09, 2014

"Are you looking to accomplish a home improvement project this year? Are you having second thoughts about being able to complete the project yourself? Stop by our booth number 605 and come visit us to see if we can help you, Diane one of our Sales/Business Manager will be there to assist you", said Mike Bruno owner of Stone Creek Builders.

"The show has become the go-to place for Shore Region homeowners to locate high caliber home improvement professionals to perform needed home improvements. The Home Improvement Show features companies that specialize in small home improvement tasks, routine maintenance chores, large renovations, and new construction", said a SCB representative. Stone Creek Builders will be exhibiting our expertise for the duration of the show. We will be available to answer home improvement questions, explain the benefits of specific renovations, offer estimates, and showcase previous home improvement work the company has accomplished.

The Fall Home Improvement show will be held on September 20th and September 21st at Monmouth University. Monmouth University is located in West Long Branch, New Jersey. The show will run from 10 a.m. to 6 p.m. on Saturday and from 11 a.m. to 5 p.m. on Sunday. Passes to the show are only 7 dollars for adults and 5 dollars for youth between the ages of 12 and 17. Children 11 and under can enter the show for free when accompanied by a parent. Seniors can attend the show at the reduced cost of 5 dollars on Friday only. Questions about the show can be answered by calling the information number 848-221-8074. Interested parties can also visit the event's website at http://www.macevents.com.

Stone Creek Builders is proud to attend an event with such a high concentration of professional contractors and home improvement specialists. We will be exhibiting at booth number 605 for the duration of the Home Improvement Show. Be sure to visit us to discover how our affordability and expertise can greatly improve your home. Our staff looks forward to meeting you at the show.

Don't procrastinate your home improvement projects any longer. If you have decided a certain project is above your skill level, attend the show to discover how your home improvement visions can be easily accomplished. Whether you are looking to repair a small problem or construct an entire luxury home, the Home Improvement Show is the place to be, said Mike Bruno.

About Stone Creek Builders

The founder of Stone Creek Builders has been a leading provider of building, remodeling and restoration services for over 20 years. Stone Creek Builders provides general contracting, remodeling, insurance restoration, house lifting, and storm reconstruction services to clients in central and shore regions of New Jersey. Contact us at (732) 566-0395 or visit our website at http://www.stonecreekbldrs.com for more information.

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Stone Creek Builders Will Be Exhibiting at the Fall Home Improvement Show

Marcus Lim: TV shows can serve as inspiration as well as entertainment.

The boom in TV home reno shows is proving to be a boon for home improvement industries, with data indicating a spike in demand for tradies after Channel Seven's House Rules went to air in April this year.

Rather than just sitting on their sofas watching the contestants battle it out for the grand prize, figures collected by local services marketplace Oneflare shows a surge in home industry related job requests across the board.

Some of the quotes posted on ServiceSeeking are definitely ideas from House Rules.

The upswing includes a 48 per cent rise in job postings for interior designers, a 35 per cent rise in requests for kitchen renovations, a 30 per cent increase in bathroom renovation job postings, and a 28 per cent increase in requests for architects.

Speaking about the data, Marcus Lim, co-founder and CEO of Oneflare says: "Usually there's a relatively steady amount of jobs in each service category, like people searching for cleaners, plumbers and electricians. But in April of this year, we were baffled as to why there was a sudden jump in people posting home improvement jobs specifically.

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"When we looked into it further, we realised there was a link between when the House Rules show went to air and our job request data. It suggests that TV shows can serve as inspiration as well as entertainment."

Oneflare's renovation and design planning tool, Scrapbooks, which lets home builders compare and hire the best value worker, and manage home improvement jobs from their home device or PC also experienced a spike in traffic.

Home reno dreams are even outstripping desire for a tropical holiday according to an online survey by interiors destination thehome.com.au. When asked what would you do with a spare $15 000, 72 per cent of respondents nominated home improvements over a holiday.

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The truth about home reno shows

Former Flint Police sergeant charged with CSC involving minors Former Flint Police sergeant charged with CSC involving minors

Updated: Friday, September 5 2014 6:28 PM EDT2014-09-05 22:28:09 GMT

Lawrence Bonett Woods was charged on Friday with 16 counts of CSC. We are told, so far police believe the crimes occurred between 1996 and 2000.

Lawrence Bonett Woods was charged on Friday with 16 counts of CSC. We are told, so far police believe the crimes occurred between 1996 and 2000.

Updated: Sunday, September 7 2014 12:34 AM EDT2014-09-07 04:34:45 GMT

(09/6/14) - The annual Genesee County Firefighters Memorial Service was held Saturday at the Flint Memorial Park Cemetery in Genesee Township.This is the 18th year of the service. The service wasn't very long, only about 45 minutes, but it was powerful. Each of the county's firefighters gathered along with family and friends around the memorial that lists the names of firefighters who sacrificed their lives protecting others. The memorial organizers are looking for surviving family members of...

(09/6/14) - The annual Genesee County Firefighters Memorial Service was held Saturday at the Flint Memorial Park Cemetery in Genesee Township.This is the 18th year of the service. The service wasn't very long, only about 45 minutes, but it was powerful. Each of the county's firefighters gathered along with family and friends around the memorial that lists the names of firefighters who sacrificed their lives protecting others. The memorial organizers are looking for surviving family members of...

Updated: Sunday, September 7 2014 12:32 AM EDT2014-09-07 04:32:00 GMT

(09/06/14) - Imagine coming home to a driveway full of firefighters, and your house suffocated in smoke.That is exactly what happened to a Burton family Saturday evening. The fire happened at a home in the 1200 block of Vassar Road, that is just off Lapeer in the city of Burton. It started around 4:00 p.m. "I pulled up and I saw the firefighters in my driveway, it scared me to death," said Cody Titswort, Burton. The fire started in the basement and that is where it stayed thanks to the fast a...

(09/06/14) - Imagine coming home to a driveway full of firefighters, and your house suffocated in smoke.That is exactly what happened to a Burton family Saturday evening. The fire happened at a home in the 1200 block of Vassar Road, that is just off Lapeer in the city of Burton. It started around 4:00 p.m. "I pulled up and I saw the firefighters in my driveway, it scared me to death," said Cody Titswort, Burton. The fire started in the basement and that is where it stayed thanks to the fast a...

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Family shocked to come home to fire, Burton firefighter injured while fighting the flames

Welcome to Platinum Real Estate Holdings!
Platinum Real Estate Holdings owners have over 40 years experience as Realtor Agents combined, and have sold over 1000 homes total. With our expertise and knowledge of investment real estate,...

By: Platinum Real

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Welcome to Platinum Real Estate Holdings! - Video

Media Release 5 September 2014

Barracks restoration begins

This morning iwi and Devonport-Takapuna Local Board marked the start of the barracks restoration project at Fort Takapuna Recreation Reserve.

The two barracks at Narrow Neck, built to house military personnel during World War Two, will be sympathetically restored in keeping with their heritage value by Construct Interiors NZ Ltd.

The site blessing is a major milestone for the project which has been a Devonport-Takapuna Local Board priority for three years.

We are very pleased to be starting work on restoring the barracks at a site which is so prominent in Aucklands military history, says Devonport-Takapuna Local Board Chair Mike Cohen.

Once restored, the two barracks will be available for community groups to use and hire space for meetings and other activities.

The restoration includes re-roofing, structural and insulation works, new kitchen and bathroom areas, and surrounding landscaping.

Work is expected to be complete in March 2015, in time for commemorations of the Battle of Passchendaele. ENDS

Scoop Media

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Barracks restoration begins

RUSSIAVILLE, Ind. (AP) It's been more than eight decades since the last interurban passenger train passed through Russiaville.

Between 1912 and 1932, the rail line connected Russiaville with Kokomo, Frankfort and Marion.

"The track line actually started in Marion and went to Kokomo in 1907," said Marsha Berry, president of the Russiaville Historical Society.

"The rail extended to Russiaville and Frankfort after that."

Since the passenger lines halted, the station has been home to freighters, a lumberyard and most recently apartments.

The once gutted and abandoned Interurban Station on the town's east side is now getting a restoration thanks to the Russiaville Historical Society.

The plan is to transform the building into a museum dedicated to the history of western Howard County, Russiaville and the station itself, Berry said.

"We've replaced missing brick, cleaned the cement work around the windows," she told the Kokomo Tribune (http://bit.ly/1pDVFBv ).

"Some of the windows had to be re-manufactured or replaced completely. We want to have the historically correct widows and have the building restored to original condition. We hope this will keep people aware of what our heritage is. We have a lot of transportation history in Russiaville. The first trolley came through Russiaville and we had the first county fair, which later shut down and went to Greentown."

Berry also said that auto maker Jonathon Dixon Maxwell, who made one of the first automobiles, lived near Russiaville.

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Russiaville works to restore old train depot