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From Home Furnishing Business

Havertys 3Q Sales Climb 11.6%

Home Furnishings retailer Havertys  (NYSE: HVT)  reported sales of $192.7 million for the third quarter ended Sept. 30.
That's an 11.6 percent increase from sales of $172.7 million reported in the third quarter of 2012. The retailer said same-store sales increased 11.8 precent in the quarter.
"We are pleased with our third quarter sales as we generated double-digit growth against last year's sales increase of 11.1 percent," said Clarence Smith, chairman, president and CEO. "Our average ticket was up, the 11th consecutive quarterly increase, due to our merchandising and sales initiatives. Traffic was down modestly but was offset by better closing rates as most of our target customers pre-shop online and that engagement is reinforced by their positive in-store experience. We believe our marketing and operating strategies will continue to deliver sales growth and market share gains."

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