RH, the luxury lifestyle company, has recently appointed Lisa Chi as President and Co-Chief Merchandising & Creative Officer. Lisa will be responsible for leading Product Development, Merchandising, Inventory Planning, Sourcing, Manufacturing, and Marketing across the company's Physical, Print, and Digital Platforms.
Lisa has a wealth of experience in the retail industry, having previously served as the Chief Merchandising Officer at Arhaus, where she led the merchandising organization during a period of rapid growth, exceeding the billion-dollar mark during her tenure.
Prior to her role at Arhaus, Lisa was the Senior Vice President of Merchandising for Upholstery at RH, where she led Merchandising, Inventory Planning, Sourcing, and Manufacturing. She has also held senior merchandising roles at Talbots, Kohl’s, and Lucky Brand, and began her retail career at Gap Inc.
RH believes that Lisa's appointment will contribute to the continued elevation and expansion of their product and platform, as commented by RH Chairman & CEO Gary Friedman. Lisa herself expressed her excitement about rejoining Team RH and collaborating with the leadership team to build an inspiring brand.
Furthermore, the company believes that no major furniture or outdoor furniture retailer has any material sourcing advantages based on the current announcements. RH also believes it has more transparent reporting regarding countries it sources from than other public furniture retailers, indicating that it does not have more market or financial risk than other higher-end furniture-based retailers.
RH's stock is listed on the NYSE under the ticker symbol RH, and it offers collections through its retail galleries, sourcebooks, and online platforms. Following these announcements, the company's shares moved 2.81%, and are now trading at a price of $190.07. If you want to know more, read the company's complete 8-K report here.
