• (EDIT: 4/2/2015) The 2011 S-1 states: Based on total dollar volume of purchases for fiscal 2010, approximately 73% of our products were sourced in Asia, the majority of which originated from China, 16% from the United States, 8% from Europe and the remainder from other regions.
• The FY2013 10-K states: Based on total dollar volume of purchases for fiscal 2013, approximately 69% of our products were sourced in Asia, the majority of which originated from China, 26% from the United States and the remainder from other regions.
• The FY2014 10-K states: Based on total dollar volume of purchases for fiscal 2014, approximately 84% of our products were sourced in Asia, the majority of which originated from China, 10% from the United States and the remainder from other regions.

Adjusting for the lower domestic sourcing would suggest that RH’s total overall buying may have grown at less than 12% annualized.

See the image below for what this person stated on LinkedIn:

I really hope I don’t get this employee fired for some reason.  If you’re reading this, please do not ask management questions regarding this employee’s LinkedIn.

Some caveats and notes:

• It is possible that this employee is in charge of a slower-growing part of RH’s logistics.  RH apparently has other international logistics leaders.
• Feus = Forty-foot equivalent units (Wikipedia).
• I have no way of verifying if the person on LinkedIn is not an impostor (though I would be extremely surprised if that was the case).  Given that this employee’s name shows up in US ocean freight imports data, such a person with the same name likely works for RH.  This person’s LinkedIn skill recommendations show other RH employees.

*Disclosure:  Short RH.