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From Home Furnishing Business

Havertys 4Q Business on Track; Plans 3 Stores in 2014

Furniture retailer Havertys  (NYSE: HVT)  reports it is tracking toward a strong fourth quarter.

The company said its written business for the fourth quarter though November is up about 7.9 percent over the 13.9 percent increase in the same period last year.

Havertys previously reported plans to increase its net selling square footage by 3 percent in 2014 and today announces details on the openings of three stores.

"We are pleased to announce our securing of these great new Havertys locations," said Clarence Smith, chairman, president and CEO. "They represent our commitment to strengthen our presence in key markets with additional or repositioned stores."

Havertys will open its first location in a high density area in the third quarter of 2014. The 19,000-selling-square-foot store will be in the Buckhead Square shopping center in Atlanta at the corner of Peachtree Road and Piedmont Road, one of the most heavily traveled intersections in the Southeast.  

The company will also open a store in Alliance, Texas, an 18,000-acre master-planned, mixed use community in North Fort Worth. The 30,000-selling-square-foot store will be located in Alliance Town Center and is scheduled to open in the fourth quarter of 2014.

Havertys will also relocate one of its four Orlando, Fla., stores. The 30,000-selling-square-foot store is expected to open in the fourth quarter of 2014 and will replace a location on S. Orange Blossom Trail in Orlando.

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