EA sales down 4.3%

McIntosh, Jay
April 2008
Furniture/Today;4/28/2008, Vol. 32 Issue 33, p1
Trade Publication
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.


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