RH
For the period ended Feb 1, 2025. Filed Apr 2, 2025.
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FY2025 · Filed Apr 2, 2025
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Item 2. Properties
Leased Properties
Gross square footage of our leased properties as of February 1, 2025 was as follows:
| | | | | |
|---|---|---|---|---|
| | | | | LEASED GROSS |
| | | | | SQUARE FOOTAGE |
| · COUNT · (approximate, in thousands) | ||||
| Retail locations(1)(2) | | 80 | | 2,321 |
| Outlets | | 40 | | 1,274 |
| (1) | Retail locations include the Design Galleries, Legacy Galleries, Modern Gallery, Baby & Child and TEEN Galleries, Interior Design Office and Waterworks Showrooms. Refer to “Retail Locations” within Item 1—Business. |
| (2) | Excludes location count and leased gross square footage for owned properties. |
Our leased fulfillment centers, home delivery center locations and corporate facilities occupied as of February 1, 2025 were as follows:
| | | |
|---|---|---|
| · LEASED SQUARE FOOTAGE | ||
| LOCATION | | (approximate, in thousands) |
| RH Fulfillment Centers | ||
| Patterson, California | 1,501 | |
| Baltimore, Maryland | 1,788 | |
| Ontario, California | | 1,001 |
| West Jefferson, Ohio(1) | 1,224 | |
| Home Delivery Center Locations(2) | 1,317 | |
| Waterworks Fulfillment Center | ||
| Brookfield, Connecticut | 160 | |
| Corporate Facilities | ||
| Corte Madera, California(3) | 263 | |
| Pinole, California(4) | 200 | |
| Danbury, Connecticut(5) | 40 | |
| Other(6) | 355 | |
| (1) | Customer service center and home delivery operations are also performed at this location. |
| (2) | Includes total approximate leased square footage for 21 separate home delivery center locations. |
| (3) | Location of RH Headquarters and certain customer service operations. Also includes approximately 10,000 square feet of warehouse space. |
| (4) | Represents warehouse space. |
| (5) | Location of Waterworks Headquarters. |
| (6) | Includes a number of other operational facilities, including primarily manufacturing operations, as well as customer service operations and storage. |
We believe that our current offices and facilities are in good condition, are being used productively and are adequate to meet our requirements for the foreseeable future.
For additional information regarding leases, refer to “Lease Accounting” within Note 3—Significant Accounting Policies and Note 10—Leases in our consolidated financial statements within Part II of this Annual Report.
In addition to the above, we have one third-party fulfillment center and five third-party home delivery center locations in Europe.
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Owned Property
We own ten properties, seven of which are owned through our consolidated variable interest entities. Eight locations represent current or future RH locations and are included in the RH Segment, three of which are operational as of February 1, 2025. Two locations represent properties for the purpose of use by RH or others related to developing, operating and selling such properties, and are part of the Real Estate segment. Refer to Note 7—Variable Interest Entitiesin our consolidated financial statements within Part II of this Annual Report.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.