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Restoration Hardware reports Q2 net loss on charges; same-store sales surge 26%
Corte Madera, Calif. -- Restoration Hardware Holdings reported a net loss of $17.8 million for the second quarter, compared with net income of $17.6 million in the same quarter a year earlier, due to charges linked to stock awards given to chairman and co-CEO Gary Friedman.
Net revenues for the second quarter of fiscal 2013 increased 30% to $382.1 million from $292.9 million last year.
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Best Buy, Office Depot top retail back-to-school brands
Mountain View, Calif. -- Best Buy was the most effective retail brand overall during the 2013 back-to-school advertising season for the second year in a row with an average Ace Score of 561, performing 15% higher than its retail peers, according to TV and video advertising data from Ace Metrix.
Office Depot was the second most effective back-to-school retail advertiser with an average Ace Score of 540.