Ethan Allen reports increased July sales
“Modest positive trend” continues
By Furniture Today Staff -- Furniture Today, August 15, 2007
DANBURY, Conn. — Ethan Allen reported increased sales in July in anticipation of investor meetings in upcoming weeks.
“Our retail written sales on a comparable stores basis were modestly up in June and that modest positive trend has continued in July. We remain cautiously aware of the fact that consumer confidence can be impacted by several factors that are beyond our control,” said CEO Farooq Kathwari.
Kathwari said the strong performance was due to initiatives that included repositioning of its retail network, investments in recruiting and training to increase the professionalism of its retail management team, the development of stylish, high quality products at good value, stronger advertising and marketing programs, and faster delivery of products to customers.
On July 24, the company’s board of directors increased the authorization to repurchase shares of the company’s common stock to 2.5 million shares and increased the regular quarterly cash dividend by 10% to 22 cents. From July 1 through Aug. 14 the company has repurchased 1,075,800 shares and has a remaining authorization to purchase 2.1 million shares.
-
La-Z-Boy posts $8.7M loss as sales drop 12.6%
Aug 15, 2007 -
Clarke ups stakes in Amisco, Liquidation World
Jun 23, 2008 -
Havertys’ sales decline 4.3% in December
Jan 4, 2008 -
Havertys' same-store sales plummet 22.6% in 4Q
Jan 8, 2009
Featured Company
-
FurnitureCore.com
FurnitureCore.com is a dynamic web application aimed at the furniture industry. Retailers and manufacturers alike will find our deep reserve of tools to be exactly what their furniture business needs.www.furniturecore.com... more
VIEW ALL GALLERIES
