From Home Furnishing Business
Havertys March Sales Drop
By Home Furnishings Business in Furniture Retailing on April 2007
Atlanta-based Haverty Furniture Cos. reported March sales dropped 11.6 percent to $66.1 million compared with $74.7 million during March 2006.
Same-store sales decreased 13.5 percent. Sales for the first quarter of 2007 decreased 8.6 percent to $191.1 million compared to $209.1 million in the same quarter in 2006.
Same-store sales for the first quarter dropped 10.4 percent.
Our March sales were indicative of the persistent weakness in the retail furniture sector, said Clarence Smith, president and chief executive officer. Havertys has endured many challenging cycles over its 122-year history, and as we have in past difficult times, we continue to sharpen our focus on those aspects of the business within our control.