'Being overly reactive and moving sourcing around in product categories like ours can present massively more risk,' RH CEO Gary Friedman says.
Trade tensions between the United States and China have been escalating for more than a year, leading both countries to slap billions of dollars worth of duties on one another. Companies with exposure to China, including RH, have been hit hard on the market.
Friedman said the company was hesitant to expend energy on relocating operations if a trade deal could be agreed upon at any given time. Since its Wednesday close just shy $95, RH stock has surged more than 17% to finish the week at $111.37. Friedman thinks the stock should be trading at $200 a share.
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