From Home Furnishing Business
Havertys 1Q Sales Climb 5.3%
First quarter sales for home furnishings retailer Havertys (NYSE: HVT) climbed 5.3 percent to $191.3 million compared to $181.7 million for the same quarter last year.
The retailer’s same-store sales climbed 3.8 percent. Written sales for the quarter increased 6.3 percent.
"Our written business was slightly better than our expectations at the beginning of the first quarter,” said Clarence Smith, chairman, president and CEO. “Higher average tickets drove the sales increase as our design staff were involved in more sales transactions. We are experiencing some imported product availability issues resulting from the West Coast port slowdown which contributed to our written business exceeding our delivered sales for the quarter.”
The company is opening a store in Rogers, Ark., this week and has a planned opening for Waco, Texas, in mid-May.
“This expansion into two new markets for Havertys and the strengthening of our position in southeast Florida, with the opening in Coconut Creek in early January and Ft. Lauderdale slated for July, provide growth opportunities in the near and long term,” Smith said.