Gary Friedman, the CEO of the upscale homeware store — formerly known as Restoration Hardware — admitted to investors that the company has become "too arrogant" and "too aggressive" in its pricing in recent years.

RH (formerly Restoration Hardware) is an upscale American home-furnishings company headquartered in Corte Madera, California.

From wool rugs to wooden sideboards, and concrete tables, Restoration Hardware uses a lot of pieces made of cool, natural materials. While a concrete slab coffee table could be rather cold on its own, they manage to make their spaces warm and inviting through the use of layered neutral tones.