CEO Farooq Kathwari told CNBC on Tuesday the company expects its production backlogs to catch up by early next year after a series of pandemic-induced supply issues.One of the advantages we have is that first of all, you know, we have the right kind of product lines. And then secondly, we have the opportunity of combining the personal service of about 1,500 interior designers with technology ...
Ethan Allen produces custom-made products, while the majority of the furniture industry relies on its stock products, he said, adding that 75% of Ethan Allen items are made in North America. The company sells furniture and decorative home products online and through about 300 design centers in the U.S. and abroad.
Kathwari said the current service issues include delays in fabrics and raw materials such as foam and lumber. He said the company was affected by a myriad of issues including severe storms in its Texas plants, which delayed production of foam used in upholstery and couches, and an initial lack of workers in its original Vermont plant.
That has always been an average delivery time for most furniture stores.
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