MILAN — Since taking over RH , then a trusted furniture business in 2001, chief executive officer Gary Friedman has navigated many a storm. During the course of his career, however, none have been as chaotic as the current one, he admitted.
He contended that RH, due to its magnitude and sales momentum, will be able to weather further tariffs better than most. Inflation remains a top concern. “We think interest rates are high now. Lose control of inflation, and you can have chaos. So what do I worry the most about? Just kill inflation. I’m more motivated about killing inflation than getting an interest rate cut right now,” he told analysts during the Corte Madera, Calif.-based firm’s second-quarter conference call.
RH shares extended losses in early Friday trading, dropping 3.84 perce