RH CEO thinks the U.S. is in a recession
September 12, 2022
Gary Friedman, CEO of RH, thinks that anyone who doesn’t believe the U.S. is in a recession is downright “crazy.” Mr. Friedman expects his company’s sales to take a major hit in the third quarter as the Federal Reserve raises rates. “I think the Fed finally really understands what they have to do. And it’s not going to be pretty when interest rates go up the way they are,” he said.
Recent News
Grocery Prices Have Finally Fallen for the First Time in a Year
Some grocery staples are seeing a decline in price.
Under Armour Layoffs Set Company up for Major Restructuring, Says CEO
Amid a decline in revenue, the brand is restructuring.
Almost 900,000 Yogi Tea Bags Recalled Over Pesticides
East West Tea Company, LLC has initiated a recall affecting almost 900,000 Yogi tea bags in 54,846 boxes sold nationwide.
McDonald’s Introduces Limited-Time $5 Value Meal & New McFlurry
McDonald’s will launch a $5 value meal in the U.S. starting June 25, available for roughly a month.