Havertys May Sales Decrease 3.9 Percent

June 3, 2008  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on June 2008 Havertys, which operates 124 stores in 17 states, said sales during May decreased 3.9 percent to $61.6 million. On a same-store basis, the Atlanta-based chain saw a decrease of 6.3 percent.

For the first five months of the year, sales decreased 2.6 percent to $300.8 million. Same-store sales declined 5.7 percent over the five-month period.

“With the exception of Memorial Day weekend, our written business was weaker than expected for most of the month and was down 13 percent in total compared to May of Last year,” said CEO Clarence Smith.

He said June sales are hard to predict, but the company expects total delivered sales in the full second quarter to be down by a high single-digit percentage compared to last year.