Jim Cramer Discusses RH and the Challenges of Reviving American Furniture

RH (NYSE:RH) is one of the stocks that Jim Cramer shared insight on. Cramer was of the opinion that, despite the administration’s attempts to bring back the furniture industry, it might not lead to fruitful results. He mentioned the company and commented:

“Let’s talk about Wayfair, Williams-Sonoma, and RH, the old Restoration Hardware… I know both Williams-Sonoma and RH are a different story. They make some fine furniture here, and they’d like to make more furniture, but it’s difficult to find skilled workers to make high-quality merchandise. I’m not slagging our workers. The people who used to make furniture simply moved on to other things, or they retired. … Tariff wouldn’t go far enough to make them come back. At the end of the day, I’m skeptical that we can bring back the American furniture industry as we remember it, and even if we could… would it be worth the cost? I don’t know… Unless the federal government wants to get into the business of making furniture, forcing the hand of RH and Williams-Sonoma, it won’t make a difference to the industry as a whole. There will most likely not be a revival of those great furniture cities.”

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RH (NYSE:RH) is a retailer and lifestyle brand offering home furnishings across categories such as furniture, lighting, textiles, bathware, décor, and outdoor products. The company sells through multiple channels, including websites, sourcebooks, physical locations, and design services.

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Disclosure: None. This article is originally published at Insider Monkey.