Search
 

Ethan Allen Interiors Remains on Track With New Store Openings

DANBURY, CT-Despite a recent slowdown in sales, Ethan Allen Interiors reports that its planned store openings for this fiscal year are "on track." The chain already proceeded with much expansion throughout 2000.

By John Jordan | Updated on January 02, 2001

DANBURY, CT-Ethan Allen Interiors is shrugging off what it sees as a recent slowdown in sales. It plans to continue to grow its business and open new stores in major markets in North America.

Commenting on the firm’s expected second quarter 2001 earnings (for period ended Dec. 31, 2000), Farooq Kathwari, chairman and CEO of Ethan Allen Interiors said, “While the company has seen some slowdown in retail sales during the last few months, we continue to focus on implementing our strategies to grow the business and to service the business.”

The company estimated its second quarter sales would be 4% to 6% above last year’s second quarter and earnings per share would be in the $0.56 to $0.59 range. He later added that in addition to offering new wood products and increasing its production facilities, Ethan Allen is “on track to open about 15 new stores during fiscal 2001.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.