Haverty Notes August Sales Increase

September 5, 2006  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on September 2006 Haverty Furniture Cos. reported August sales increased 12.7 percent to $77.1 million, compared with $68.4 percent during the same month last year today reported sales for the month ended August 31, 2006.

Same-store sales for the month increased 10.3 percent.

The Atlanta-based retailer also said sales for the first eight months of the year increased 6.7 percent to $570.6 million, compared with $535 million during the first eight months of 2005.

“Our August results mark the fourth consecutive month of strong comparable-store sales,” said Clarence H. Smith, president and chief executive officer. “We believe our Havertys Collections merchandise has made a strong connection with our target customer and combined with an improved in- stock position are the driving factors in our sales performance. August total written sales increased approximately 7 percent over last year and September is off to a very good start as total written business for the first four days, which includes the Labor Day weekend, is up by a mid-teen percentage.”