Why Shares of RH Are Dropping Today
Shares of RH (NYSE: RH) were down sharply on Thursday afternoon, as a broad-based market sell-off stoked by virus fears hit retail stocks especially hard.
As of 1:30 p.m. EDT, RH's shares were down about 10.7% from Wednesday's closing price.
RH is the company formerly known as Restoration Hardware, a retailer of luxury home furnishings. While RH does have an online store, it's primarily a brick-and-mortar operation with over 100 stores worldwide, mostly in the U.S. and Canada.
Source Fool.com
