Restoration Hardware 2012 Annual Report Download - page 75

Download and view the complete annual report

Please find page 75 of the 2012 Restoration Hardware annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 180

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180

Regulation and Legislation
We are subject to labor and employment laws, laws governing truth-in-advertising, privacy laws, safety
regulations and other laws, including consumer protection regulations that regulate retailers and govern the
promotion and sale of merchandise and the operation of stores and warehouse facilities. We monitor changes in
these laws and believe that we are in material compliance with applicable laws.
Where You Can Find More Information
We are required to file annual, quarterly and current reports, proxy statements and other information
required by the Securities Exchange Act of 1934, as amended, with the SEC. You may read and copy the reports
and other information we file with the SEC at the SEC’s Public Reference Room at 100 F Street, N.E., Room
1580, Washington, D.C. 20549. You may also obtain copies of this information by mail from the public reference
section of the SEC, 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates. You may obtain information
regarding the operation of the public reference room by calling 1-800-SEC-0330. The SEC also maintains a
website that contains reports, proxy statements and other information about issuers, like us, who file
electronically with the SEC. The address of that website is http://www.sec.gov.
We maintain public internet sites at www.restorationhardware.com and www.rh.com and make available,
free of charge, through these sites our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current
Reports on Form 8-K, Proxy Statements and Forms 3, 4 and 5 filed on behalf of directors and executive officers,
as well as any amendments to those reports filed or furnished pursuant to the Exchange Act as soon as reasonably
practicable after we electronically file such material with, or furnish it to, the SEC. We also put on our websites
the charters for our Board of Directors’ Audit Committee, Compensation Committee and Nominating
Committee, as well as our Code of Business Conduct, our Corporate Governance Guidelines and Code of Ethics
governing our chief executive and senior financial officers and other related materials. The information on our
websites is not part of this annual report.
Our Investor Relations Department can be contacted at Restoration Hardware, Inc., 15 Koch Road, Suite J,
Corte Madera, CA 94925, Attention: Investor Relations; telephone: 415-945-3500; e-mail:
Item 1A. Risk Factors
Certain factors may have a material adverse effect on our business, financial condition, and results of
operations. You should consider carefully the risks and uncertainties described below, in addition to other
information contained in this Annual Report on Form 10-K, including our consolidated financial statements and
related notes. The risks and uncertainties described below are not the only ones we face. Additional risks and
uncertainties that we are unaware of, or that we currently believe are not material, may also become important
factors that adversely affect our business. If any of the following risks actually occurs, our business, financial
condition, results of operations, and future prospects could be materially and adversely affected. In that event,
the trading price of our common stock could decline, and you could lose part or all of your investment.
Risks Related to Our Business
Growth in our business may not be sustained and may not generate a corresponding improvement in our
results of operations.
We may not be able to maintain or improve the levels of growth that we have experienced in the recent past.
In addition, although we have recently experienced strong comparable store sales, if our future comparable store
sales fail to meet market expectations or decline, the price of our common stock could decline. Various factors
affect comparable store sales, including the number, size and location of stores we open, close, remodel or
expand in any period, the overall economic and general retail sales environment, consumer preferences and
19
Form 10-K