CEO Farooq Kathwari said Ethan Allen is concentrating on "opening of new design centers, introduction of an improved website this coming fall and a major focus of expansion of our North American manufacturing." Ethan Allen manufactures the majority of its furniture in the U.S. or at its Honduran manufacturing plant.
Ethan Allen’s fiscal year ended June 30 with a 2.4 percent increase in net sales of $746.7 million compared to fiscal 2013. Wholesale sales also increased during the quarter by 8.8 percent.
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During the final quarter of the fiscal year, Ethan Allen reported retail division net sales increased 7.1 percent. Written sales, howeever, decreased 5.5 percent compared to the 2013 fourth quarter - which
Kathwari said Ethan Allen is in the process of introducing new products, opening new design centers and improving the projection of the design centers - which allow customers to configure rooms and specify furniture orders electronically. Kathwari said floor samples will be sold through the beginning of fall in order to make way for new products made in its North American factories.
Last month Ethan Allen launched its framed Modern Masters Collection of 81 rare and collectible lithographs created by legendary 20th century artists, including Pablo Picasso, Henri Matisse, Georges Braque, Alexander Calder, Salvador Dalí, Marc Chagall, Fernand Léger, and Joan Miró, produced by the leading lithographer of the time, Atelier Mourlot.
Some pieces are signed by the artist, and each comes with a certificate of provenance that is dated and numbered, then hand-signed and stamped. All are framed by hand in Ethan Allen's American workshop, using acid-free materials and conservation-quality, UV-filtering glass.
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