Havertys' sales decline 5.4% in January
By Furniture Today Staff -- Furniture Today, February 11, 2008
Atlanta — Havertys' January sales slumped 5.4% from the same month a year ago as the Top 100 company worked to control costs in a tough business climate.
Total sales for the month came to $61.3 million, compared with $64.9 million in January 2007. Same-store sales were off 8.4%.
Total written business for the month was down about 8%, said President and CEO Clarence Smith.
"We are carefully controlling our costs, managing our inventory and sustaining our gross margins during this challenging cycle," he said.
The midpriced retailer operates 123 stores in 17 Southern and Midwestern states.
