Retail sales
for big-ticket home furnishings remain difficult as consumers
look to conserve cash because of continued economic uncertainty.
Clarence Smith, President and CEO, Haverty
Clarence H. Smith, president and chief executive officer,
said, "Retail sales for big-ticket home furnishings remain
difficult as consumers look to conserve cash because of
continued economic uncertainty. We are carefully managing our
business during this time and have no term debt or amounts
outstanding under our revolving credit facility. We expect that
as stability returns to the marketplace we will capitalize on
our solid position with our target customer," Smith concluded.
Havertys operates 121 retail furniture showrooms in 17 states
in the Southern and Midwestern regions.
