Ethan Allen (ETH) Said Sales Slowed Further in August

Ethan Allen Interiors Inc. (NYSE: ETH) Chairman and CEO Farooq Kathwari said, "As indicated in our July 27th earnings press release, sales did start slowing in July and have slowed further in August. This quarter we are being impacted by both lower consumer confidence and our initiative, started last July, to reduce the lead time in filling customer orders. As we previously indicated, the faster backlog turnover reduces the forward visibility of delivered sales, and we are subject to more volatility as demand levels fluctuate."

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