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Report: New retail building planned for Queens
Queens, N.Y. — A new retail building is reportedly planned for the site of a former adult entertainment club in the Rego Park neighborhood of Queens. According to the Queens Chronicle, a 20,000-sq.-ft. building will occupy the location once occupied by the Goldfingers nightclub, which has been shuttered since 1999. -
Restoration Hardware posts strong 1Q
Corte Madera, California — Furniture and housewares retailer Restoration Hardware reported a profit of $1.8 million in the quarter ended May 3, compared with a loss of $161,000 last year. Results topped Wall Street expectations and prompted the company to raise its outlook for the year.
Revenue grew 22% to $366.3 million, from $301.3 million in the year-ago period. Wall Street predicted $346.7 million.