Richmond

Richmond Market Overview

Richmond is a value-oriented brand from Rheem Manufacturing, a privately held company, and according to Grips Intelligence in-store data covering January 1 to June 30, 2026 across offline retail channels, the brand's revenue declined 11.9% over the period. The average product price rose meaningfully, climbing 8.8% overall and reaching $317.05 in the most recent month—an increase of 10.4% versus the prior month. During the April 1 to June 30, 2026 timeseries window, revenue effectively stabilized, edging up 0.7% month-over-month. Grips Intelligence data shows Richmond's sales are almost entirely concentrated on a single retailer, with menards.com accounting for 99.4% of channel revenue share. The overall average product price across the tracked period stood at $292.81, reflecting the brand's positioning at accessible price points despite the recent upward pricing momentum.