Shares of RH jump as luxury retailer takes steps to blunt tariff impact
1. RH shares jumped over 15% after reaffirming sales forecast. 2. The company expects 10%-13% revenue growth for the full year. 3. CEO noted decline in costs with reduced reliance on China production. 4. RH plans to open new store in Paris by early September. 5. Year-to-date, RH shares have dropped nearly 55%.