Sep 03, 2014 5:04 PM
Atlanta, Georgia ,September 3, 2014 -HAVERTYS (NYSE: HVT and HVT.A) reports its total written business for the third quarter to date of 2014 is up approximately 3.1% over the same period last year and written comparable store sales are up approximately 3.5%. This increase was driven by a record settingLabor Day holiday weekend for which total written business was up approximately 7.4% over the same four day period last year. The company has previously reported plans to expand into new markets within its distribution network and strengthen its presence in key markets. The planned changes will increase Havertys' net selling square footage by 2.5% in 2015 and details on the openings of three stores are announced today. Havertys will enter theRogers, Arkansas market with a new store scheduled to open in the second quarter of 2015. The 29,700-selling-square-foot showroom will be located in the Pinnacle Hills Promenade. The company will also enter the growingWaco, Texas market as part of a new phase of theCentral Texas Marketplace development. The 31,500-selling-square- foot store is scheduled to open in the third quarter of 2015. Havertys is expanding and strengthening its position in southeast Florida. The company currently has locations inBoca Raton and theSawgrass area and, as previously announced, a store inCoconut Creek is slated to open late this year. Havertys' expansion in this area also includes a 40,000-selling-square- foot store inFort Lauderdale scheduled to open in the second quarter of 2015. "The diversity of locations of these new stores highlights one of Havertys' competitive advantages, the ability to merchandise and flow product for regional tastes and needs," saidClarence Smith , chairman, president and CEO. About HavertysHavertys (NYSE: HVT and HVT.A), established in 1885, is a full-service home furnishings retailer with 119 showrooms in 16 states in the Southern and Midwestern regions providing its customers with a wide selection of quality merchandise in middle to upper-middle price ranges. Additional information is available on the company's website at www.havertys.com. News releases include forward-looking statements, which are subject to risks and uncertainties. Factors that might cause actual results to differ materially from future results expressed or implied by such forward-looking statements include, but are not limited to, general economic conditions, the consumer spending environment for large ticket items, competition in the retail furniture industry and other uncertainties detailed from time to time in the company's reports filed with theSEC . Contact:Haverty Furniture Companies, Inc. , 404-443-2900Dennis L. Fink EVP & CFOJenny Hill Parker SVP, Finance, Secretary and Treasurer SOURCE: Havertys This announcement is distributed byGlobeNewswire on behalf ofGlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source:Haverty Furniture Company viaGlobeNewswire [HUG#1853642]