Ethan Allen Expanding with Design Centers
April 13 2009 - 5:36PM
Business Wire
Ethan Allen Interiors Inc. (�Ethan Allen� or the �Company�)
(NYSE:ETH), America�s leading interior design company and one-stop
shopping source for the well-designed home, continues its pursuit
of business opportunities with the opening of thirteen design
centers since the beginning of this fiscal year in July, 2008,
following a record twenty-three opened last fiscal year in the
United States and abroad. The Company also launched its new
state-of-the-art website, ethanallen.com, which was recently
awarded recognition as an Outstanding Website by the Web Marketing
Association.
�We are pleased that even during these challenging times we
continue to move our business forward in both domestic and
international markets,� said Farooq Kathwari, the Chairman,
President, and CEO of Ethan Allen. �We are refining and focusing
our retail presence, making sure we have the right locations and
the right size Design Center for each market. And the new website
offers clients the personal service of our interior design
professionals with the advantages of up-to-date technology.�
The thirteen new Design Centers opened this fiscal year include
four in China; Ethan Allen has plans to open at least another
fifteen locations at home and abroad by December, 2009, including
one in Dubai, U.A.E., scheduled for this summer.
As part of the expansion, Ethan Allen recently opened the first
of its new concept Design Centers in Springfield, Massachusetts,
followed by two others in Lansing, Michigan, and Davenport, Iowa.
The new concept Design Centers range in size from 3,000 to 6,000
square feet and offer clients access to all Ethan Allen products
and services.
�These Design Centers carry a sampling of products combined with
all the necessary interior design tools including unique
capabilities of our new website ethanallen.com and the personal
service of our design consultants,� said Mr. Kathwari. �We are
pleased to be able to provide access to the full range of our
products in the more intimate new concept Design Centers, which are
modeled after the classic professional interior design studio.�
Mr. Kathwari further stated, �We currently have 250 Design
Centers in North America. Now we will also reach many more markets
where our new smaller Design Centers are viable. We are having
conversations with furniture retailers, interior designers, and
other entrepreneurs around the country to grow this new
concept.�
Ethan Allen, which has a seventy-seven year history of fine
craftsmanship and quality, offers the lasting value of well-made
home furnishings as well as professional interior design advice and
guidance. More than sixty percent of Ethan Allen�s products are
made in America. All products are made to Ethan Allen high
standards.
�Now more than ever, people are making home and family a
priority,� said Mr. Kathwari. �We are proud to offer the style,
quality, interior design solutions, service, and products that make
that easy for people and save them time and money. Our aggressive
new business expansion plans will help to better serve and increase
our client base.�
Ethan Allen is pleased to have Dan Grow, the former President
and CEO of Drexel Heritage Furniture, as part of the management
team. As Vice President of International and Contract, Mr. Grow
will also spearhead the new concept Design Center initiative both
domestically and internationally.
About Ethan Allen
Ethan Allen Interiors Inc. is a leading interior design company
and manufacturer and retailer of high-quality home furnishings. The
Company sells a full range of furniture and decorative accessories
through a network of 290 Design Centers in the United States and
abroad, 159 of which are Company owned. Ethan Allen owns eight
manufacturing facilities in the United States, which include two
sawmills, and one cut-and-sew factory in Mexico. For more
information on Ethan Allen�s products and services, visit
ethanallen.com.
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