TITLE

EA sales down 4.3%

AUTHOR(S)
McIntosh, Jay
PUB. DATE
April 2008
SOURCE
Furniture/Today;4/28/2008, Vol. 32 Issue 33, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the declining sales and income of Ethan Allen as of April 2008. The firm reported that their sales decreased by 4.3 percent due to weak economy, resulting to income decline of 49.7 percent in the third fiscal quarter of 2008. The firm's $2.5 million after-tax restructuring and impairment charge as a result of closing seven stores and two distribution centers were part of the reason of the firm's earning decline.
ACCESSION #
31910855

 

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