Havertys Q4 Sales Up, Plans Square-Footage Increase

HavertysATLANTA-In a preliminary report on its fourth-quarter results, Havertys said written business for the quarter through November has gained 7.9 percent over the same period last year.

The specialty retailer also said it is planning to boost its net selling square footage by 3 percent in 2014. It will open a store with 19,000 square feet of net selling space in the Buckhead Square shopping center here in the third quarter of 2014, which the company said will be its first location in a high-density area. It will also open a store in the AllianceTexas community of North Fort Worth, Texas, in next year's fourth quarter, a location that will measure 30,000 square feet of selling space.

Havertys will also relocate one of its four stores in Orlando, Fla., to a location that will have 30,000 square feet of selling space, to a development in the nearby city of Kissimmee.

Clarence Smith, Havertys' chairman, president and CEO, said the new locations "represent our commitment to strengthen our presence in key markets with additional or repositioned stores."

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

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