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Restoration Hardware bolsters board with tech exec

BY HBSDEALER Staff

Restoration Hardware has appointed Katie Mitic to its board of directors. Mitic, who will also serve on the board’s audit committee, has nearly 20 years of strategic product, marketing and business development experience.

“We are thrilled to have Katie join RH’s board. Her entrepreneurial mindset and digital expertise will be invaluable as we continue to evolve and enhance the ways in which we connect with our customers,” said Gary Friedman, chairman, creator, curator, and co-CEO. 

Mitic is currently the co-founder and CEO of Three Koi Labs, a mobile services startup. Previously, she led platform marketing for Facebook, where she is credited with advancing the growth of ground-breaking products for the developers and businesses that engage with Facebook’s community worldwide. Additionally, Mitic has served on the board of directors of eBay for the past two years and on the board of directors of Special Olympics International since May 2011. 

“I am excited to be joining an iconic brand in RH that is at the forefront of innovation in retail customer experiences,” said Mitic. “I look forward to working with the team to continue the tremendous business momentum that has already been created and contributing to the long-term success of the Company.”

Prior to joining Facebook, Mitic served as SVP product marketing at Palm, leading hardware and software product management and marketing and corporate development. Previously, she was VP and GM at Yahoo!, managing strategic global communities and communication businesses. She has also served as executive in residence at Kleiner Perkins Caufield & Byers and Elevation Partners. She began her career in the mergers and acquisitions group at Credit Suisse First Boston, before going on to become the product leader in a number of successful startups including Four11 (acquired by Yahoo!) and NetDynamics (acquired by Sun Microsystems).

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HCN Stock Watch: EXP soars above the rest

BY HBSDEALER Staff

Stocks were mostly depressed on Friday, with Eagle (EXP) taking the lead in percentage points with 2.21%.

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Expanding market for expandable hose

BY HBSDEALER Staff

The Pocket Hose, a Telebrands product with the “As Seen on TV” tag, is getting some competition, according to the merchants at Do it Best. 

During the co-op’s recent merchandise review at it’s Indianapolis market, lawn and garden merchant Gary Loosle pointed to the growing field of expanding hoses.

In addition to the 25-ft. and 50-ft. versions of the Pocket Hose — so named because it fits in a normal pants pocket when empty — hoses in the Do it Best warehouse lineup includes the Tristar Flex-Able hose and the Dap XHose and XHose Pro. 

The Dap XHose Pro, with its brass fittings, is expected to bring durability to bear on the category, Loosle said. 

According to research from Stevenson’s Traqline, the Pocket Hose rose from zero 16% market share in a year. 

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