Exhibit 99.1
| FOR IMMEDIATE RELEASE |
Ethan Allen Interiors Inc. Contact: Peg Lupton (203) 743-8234 |
Danbury, CT. September 5, 2007 — Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETH) Chairman and CEO, Farooq Kathwari, will be making a presentation at the Goldman Sachs Global Retailing Conference on September 6th at 8:45 a.m. eastern time. The live webcast can be accessed at www.ethanallen.com/investors.
In anticipation of being asked about
business trends, Mr. Kathwari commented, “As previously indicated, our retail written
sales on a comparable store basis were up modestly in June and July. This positive trend
has continued in August. However, we remain cautiously aware of the fact that consumer
confidence can be impacted by several factors that are beyond our control.”
Mr. Kathwari continued: “We continue to believe that the strong operating performance
that we have been able to sustain during what have been very challenging times for our
industry is the direct result of several initiatives that we’ve put in place that are
focused on providing solutions and service. These initiatives have included the continued
repositioning of our retail network; investments in recruiting and training to increase
the professionalism of our retail management team; the development of stylish,
high-quality products at good value; stronger advertising and marketing programs; and
faster delivery of our products to our customers. We believe that our focus on providing
service and solutions provides a distinct competitive advantage and an opportunity to grow
our business.”
Ethan Allen Interiors Inc. is a leading manufacturer and retailer of
quality home furnishings. The Company sells a full range of furniture products and
decorative accessories through a network of 311 design centers in the United States and
abroad, of which 157 are Company-owned. Ethan Allen has 9 manufacturing facilities in the
United States.
This press release should be read in conjunction with the Company’s
Annual Report on Form 10-K for the year ended June 30, 2007 and other reports filed with
the Securities and Exchange Commission. This press release and related discussions contain
forward-looking statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements reflect
management’s current expectations concerning future events and results of the
Company, and are subject to various assumptions, risks and uncertainties. Accordingly,
actual future events or results could differ materially from those contemplated by the
forward-looking statements. The Company assumes no obligation to update or provide
revision to any forward-looking statement at any time for any reason.