Havertys Sales Gain for Q4, Fiscal Year
January 8, 2014,
ATLANTA-Havertys posted significant gains in net sales for both its fourth quarter and fiscal year, according to a preliminary report from the specialty retailer.
For the fourth quarter, net sales tallied $196.2 million, up 7.6 percent from the fourth quarter of last year. This brought the fiscal-year sales total to $746.1 million, an increase of 11.3 percent. Same-store sales registered gains of 9.5 percent for the quarter and 11 percent for the year.
Clarence Smith, Havertys chairman, president and CEO, said 2013 proved to be the retailer's best year since 2007. Havertys reported sales gains across its full line of home furnishings. "The quarter was marked by a continued expansion of our custom-order business, free in-home design service and higher average ticket," Smith said.
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: HFN Turns 90
We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.
ALSO IN THIS ISSUE:
- Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
- Omnichannel Retailing - In the Mobile App World, Time is Money