DANBURY, Conn. – In advance of meetings with investors, vertically integrated manufacturer and retailer Ethan Allen reported continued written-order increases.
Written orders showed a 10% increase for the two-month fiscal quarter-to-date period ending Aug. 31, including a 26% increase in August alone.
According to the company’s announcement, those numbers reflect significant growth from its e-commerce business. Ethan Allen expects that orders in its wholesale segment, while benefiting from strong retail growth, will be negatively impacted by the timing of General Service Administration and other government orders due to pandemic-related disruptions that are delaying issuance of new orders. The delayed orders are expected to be issued in the coming months.
Wholesale segment orders from the company’s U.S. independent retailers have trended strong during the period, while orders from its international independent retailers have trended negative due to COVID-19 related economic disruptions in many of the international markets.