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Furniture

Fight Brewing For Control of Ethan Allen at Annual Meeting

Ethan Allen Chairman and CEO Farooq Kathwari has responded to a shareholder letter sent August 26 questioning the management of the company. Thomas Sandell, whose group owns 5.5% of Ethan Allen, stated in his latest letter, "sub-optimal fiscal policies and inefficient allocation of shareholder capital has resulted in the Company`s stock trading at a significant discount to its intrinsic value and has contributed to years and years of stock price underperformance." Sandell had also been upset that the annual meeting was being moved up to October 15, but then Ethan Allen moved it later to November 25.

Furniture

Residential Furniture Orders Are Steadily Rising

New orders in June 2015 increased 10 percent over July 2014 orders and were down from May 2015, according to the latest survey of manufacturers and distributors by High Point accounting and consulting firm Smith Leonard. In June 2014, Smith Leonard noted that there was a 5 percent increase in new orders over the previous year.

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