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Last Wednesday, Restoration Hardware CEO Gary Friedman was on a call with Wall Street analysts when he asked an associate to share a “live read” on the how the company’s share price was doing.
“Oh really? Oh shit,” Friedman said.
Stocks in the company were tanking as investors reacted to Trump’s “Liberation Day” tariff announcement, which imposed hefty duties on the company’s key sourcing countries in Asia. By Thursday shares in Restoration Hardware were trading down 41…
