RH Focuses on Overseas Expansion

RH (Corte Madera, Calif.) plans to focus on overseas openings this year. The luxury home furnishings retailer outlined its plans along those lines in the Form 10-K it filed with U.S. Security and Exchange Commission:

“We believe that our luxury brand positioning and unique aesthetic have strong international appeal and that global expansion will provide RH with a substantial opportunity to build a projected $20 billion to $25 billion global brand in terms of annual revenues. Our view is that the competitive global environment is more fragmented and primed for disruption than the North American market, and there is no direct competitor of scale that possesses the product, operational platform and brand strength of RH.”

The document then sketched out RH’s overseas moves in recent years, including galleries in England (in Aynhoe Park, which is about 70 miles northeast of London); Munich and Düsseldorf, Germany; Brussels; Madrid; and, most recently, Paris.

As for 2026, “We expect to open RH Milan, The Gallery on Corso Venezia, and RH London, The Gallery in Mayfair, which we believe will be inspiring spaces that celebrate the heritage of the historic structures and integrate full expressions of our hospitality experiences,” the retailer disclosed in 10-K. “In addition, we plan to open RH Sydney, The Gallery in Double Bay, in Australia in the coming years.”

Coinciding with its 10-K filing, the retailer reported its financial results for the fiscal year ended Jan. 31, 2026. That release showed the company’s revenues for that period totaled $ 3.4 billion, up from just under $3.2 billion a year earlier, and net income of about $125 million, up from just over $72 million a year earlier.