Leased Properties
−Removed: The following table summarizes the total leased gross square footage of our leased properties as of February 3, 2024:
+Added: Gross square footage of our leased properties as of February 1, 2025 was as follows:
SQUARE FOOTAGE
1 unchanged sentence
Retail locations (1)(2)
−Removed: (1) Retail locations include the Design Galleries, Legacy Galleries, Modern Gallery, Baby & Child and TEEN Galleries and Waterworks Showrooms.
+Added: (1) Retail locations include the Design Galleries, Legacy Galleries, Modern Gallery, Baby & Child and TEEN Galleries, Interior Design Office and Waterworks Showrooms.
Refer to “Retail Locations” within Item 1 — Business .
(2) Excludes location count and leased gross square footage for owned properties.
−Removed: The following table summarizes the location and size of our leased fulfillment centers, home delivery center locations and corporate facilities occupied as of February 3, 2024:
+Added: Our leased fulfillment centers, home delivery center locations and corporate facilities occupied as of February 1, 2025 were as follows:
LEASED SQUARE FOOTAGE
(approximate, in thousands)
−Removed: RH Furniture Fulfillment Centers
+Added: RH Fulfillment Centers
Patterson, California
1 unchanged sentence
Ontario, California
−Removed: RH Small-Parcel Fulfillment Center
West Jefferson, Ohio (1)
8 unchanged sentences
(2) Includes total approximate leased square footage for 21 separate home delivery center locations.
−Removed: (3) Location of RH Headquarters.
−Removed: Includes approximately 10,000 square feet of warehouse space.
+Added: (3) Location of RH Headquarters and certain customer service operations.
+Added: Also includes approximately 10,000 square feet of warehouse space.
(4) Represents warehouse space.
(5) Location of Waterworks Headquarters.
+Added: (6) Includes a number of other operational facilities, including primarily manufacturing operations, as well as customer service operations and storage.
We believe that our current offices and facilities are in good condition, are being used productively and are adequate to meet our requirements for the foreseeable future.
For additional information regarding leases, refer to “Lease Accounting” within Note 3— Significant Accounting Policies and Note 10— Leases in our consolidated financial statements within Part II of this Annual Report.
−Removed: In addition to the above, we have one third-party fulfillment center and three third-party home delivery center locations in Europe.
+Added: In addition to the above, we have one third-party fulfillment center and five third-party home delivery center locations in Europe.
FORM 10-K | 37
Owned Property
−Removed: We own ten properties, eight of which are owned through our consolidated variable interest entities.
−Removed: Eight locations represent current and future RH locations and are included in the RH Segment, two of which are operational as of February 3, 2024.
−Removed: Two locations represent properties for the purpose of use by RH or others related to developing, operating and selling such real estate, and are part of the Real Estate segment.
+Added: We own ten properties, seven of which are owned through our consolidated variable interest entities.
+Added: Eight locations represent current or future RH locations and are included in the RH Segment, three of which are operational as of February 1, 2025.
+Added: Two locations represent properties for the purpose of use by RH or others related to developing, operating and selling such properties, and are part of the Real Estate segment.
Refer to Note 7— Variable Interest Entities in our consolidated financial statements within Part II of this Annual Report.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.