Restoration Hardware Posts Lackluster December Sales

Restoration Hardware Inc. experienced flat holiday sales, the firm said Friday.

Revenue for the nine-week period ending on Jan. 5 fell by 1% to $171.5 million. Last year, Corte Madera, CA company reported a 22% increase during the same period.

The retailer and direct marketer reduced its circulated catalog page count by 17%.

"The seasonal sales we anticipated in gift items during the final days of Holiday did not materialize as expected, contributing to softness that was concentrated in our decorative accessories business," said CEO Gary Friedman in a statement.