Ethan Allen remarks on current business in Advance of Investor Conf
12 Sep '05
2 min read
One Stop Home Furnishings Resource Ethan Allen Interiors Inc is hosting an investor conference on September 13, 2005.
In anticipation of being asked to comment on current business trends, Farooq Kathwari, Chairman and CEO, Stated that they are pleased and gratified at the continuing progress that has been made at Ethan Allen. They have seen a continuation of the positive trends that began in fourth quarter ended June 30th.”
During the months of July and August, incoming orders at wholesale and written business at retail have both increased over 10 percent.
They believe this strong consumer response is the result of the many initiatives that they have undertaken to redefine Ethan Allen: over 70 percent of product has been newly introduced in the last few years; they continue to open inspirational stores in convenient, highly visible shopping areas; They have introduced Everyday Best Pricing so that consumers can shop with the confidence of knowing that they are getting the best possible price when the time is right for them; and, equally important, They have strengthened retail network by adding the support of project managers in stores to improve the efficiency of design consultants and to provide superior decorating solutions to customers.
Mr. Kathwari continued by stating, As previously indicated, they believe the current range of analyst estimates for the first quarter ended September 30, 2005 and for the fiscal year ended June 30, 2006, are reasonable and achievable.
marketing@alchempro.com
