NEW YORK (TheStreet) --Restoration Hardware (RH - Get Report) shares rallied in trading today, closing up 4.06% to $96.92, after falling in after-hours trading yesterday following the release of its quarterly results after the closing bell.

The luxury home goods retailer said that the launch of two different businesses in the second half of this year hurt its revenue growth outlook as it guided revenue growth between 14% and 16%, or between $2.13 billion and $2.17 billion, short of analysts $2.24 billion expectations.

CompanyCEO GaryFriedman responded to the stock's swoon yesterday by cautioning against looking at the company's short term prospects as opposed to looking to the growth that it could experience after the company completes its expansion later this year, according to theWall Street Journal.

"We have to look beyond these (trading) bumps... (and) short-term thinking. What we are building here is a really durable building, that will stand the test of time and that will dominate its marketplace," said Friedman.

TheStreet Ratings team rates RESTORATION HARDWARE HLDNGS as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate RESTORATION HARDWARE HLDNGS (RH) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

Continued here:
Restoration Hardware (RH) Stock Rebounds From Weak Guidance

The Ayr Gaeity has received a 500,000 loan from the Social Growth Fund and a grant of 90,000.

The planned refurbishment of the B listed theatre, originally built in 1902, is now around 300,000 short of its 2.4m funding target.

The 90,000 comes from the Scottish Government through the People and Communities Fund for 2015/16.

The 500,000 loan is one of the first allocations of funds through the 16m Social Growth Fund, a fund established to provide assistance to charities and social enterprises.

The Gaiety Theatre is an historic venue, a former stage for comedians, singers, variety acts and icons such as Sir Harry Lauder, the jazz violinist Stephane Grappelli, Jimmy Logan and a host of other stars.

Alex Neil, Scotland's social justice secretary, said: "This loan will help the Ayr Gaiety Partnership regenerate its fantastic historic building.

"By renovating the theatre and improving the experience for audiences I'm confident that this will have a knock-on effect on the local economy, encouraging more people to visit and spend money in Ayr.

"This Fund encourages our entrepreneurs and enterprising organisations to think of innovative ways to tackle inequalities and help us to deliver a better Scotland."

Since re-opening the theatre more than two years ago, the Ayr Gaiety Partnership has sold more than 120,000 tickets.

It has also launched a skills and employment initiative, established work with young people across Ayrshire and taken on the programming of four more venues.

Read more:
Restoration of landmark theatre in 'home straight' after Government funding boost

By Stephanie Cavanaugh March 27 at 7:25 AM

Its amazing what good lighting can do. Besides making you look more attractive, and dare we say sexier, it can be energizing, relaxing or simply illuminating accentuating a rooms best features, minimizing the unsavory and making your home a more enjoyable living and entertaining space.

With the plethora of lighting gadgets and gizmos available everywhere from Ikea to Home Depot to Restoration Hardware, just about any effect is possible, and can be done with minimal expense.

Judith Capen, an architect at Architrave Architects in Washington, said there are plenty of inexpensive sources of light that are plenty effective.

Fluorescent fixtures, which can be harsh, are great when used indirectly. Put them on top of cabinets where you dont see the fixture, she said.

This is not just a kitchen trick. Consider fluorescents on top of an armoire, or a tall bookcase, anywhere the source is unseen. Puck lights, little round battery- powered LED disks that require no wiring, are also handy for inside cabinets, under shelves and in dark corners. Its not about an expensive fixture, but what you can do with it to shape a space, Capen said.

It is possible to have it all an ambiance that invites pleasure, relaxation, stimulation and charm and even disguise a few of a homes flaws by redirecting the eye to something more pleasing.

What you want to do is layer the light, said San Francisco lighting designer Randall Whitehead. People try to do everything with one fixture, but you want different types of light to successfully illuminate the room. The best rooms use various sources of illumination to create a subtle design.

The language of light is pretty straightforward. Whitehead, who is also a columnist and author of seven books on residential lighting, said there are four lighting terms everyone should know:

Task lighting can brightly illuminate your desk, your closet, your kitchen counter, or your bathroom mirror so you dont slice your throat shaving.

Link:
Designer tricks that will let you see your home in a whole new light

CINCINNATI -- The story passed down through previous owners about Beth McDaniels and Clint Woods Mount Auburn house is that it had the first telephone in the neighborhood and William Howard Taft used to walk five blocks up Auburn Avenue to use it.

Flash forward 125 years or so and that once treasured landline is out of operation, made obsolete by the cellular technology of our digital world.Yet what has survived in the house that Superior Court of Cincinnati Judge Hiram David Peck had built in 1886 is phenomenal:

There are south-facing, Art Nouveau stained glass windows in the front door and living room. Hardwood oak flooring with inlaid walnut trim in the entry hall, dining and living rooms interlocks in the corners in a different pattern in each room.

There are massive pocket doors between the entry hall and living room, wood window trim throughout and a structurally solid wood staircase.

Five fireplaces add warmth. The two downstairs feature glossy Victorian tiles with figureheads under the corner of the mantels. Two on the second floor are faux-painted in marble with Art Nouveau line designs and made of iron and stone. The fifth features plainly colored ceramic tiles.

A collection of Pecks law books are on the first-floor librarys built-in shelves, as well as the original property warranty and deed from 1885.

Isnt it really great that the past owners kept these things and passed them on, said Beth.

Plans to Renovate and Restore

Read more here:
Home Tour: House built by judge being restored

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