Haverty Furniture Reports Record November Sales

Furniture World Magazine

Haverty Furniture Companies, Inc. reported record November sales for the period ended November 30, 2005. Havertys' November sales increased 7.5% to $77.9 million, compared with $72.4 million in November 2004. On a comparable-store basis, November sales increased 4.0%. Comparable-store sales do not include stores or locations opened, closed or otherwise non-comparable during the last 12 months. Sales for the eleven months of 2005 increased 6.1% to $748.6 million compared with $705.9 million in 2004. On a comparable-store basis, sales increased 2.0% for the eleven months. A new monthly sales record for November was set as the Company benefited from peak seasonal demand and one extra regular delivery day. Written sales orders increased slightly in total and were down by a low single-digit percent for comparable stores. Richard Gallagher has been promoted to vice president, merchandising, to fill the vacancy left by Robert Kirchmeyer who accepted a position with a flooring retailer. Mr. Gallagher has served the Company in a number of key roles, including assistant vice president of store operations, and brings excellent skills to the merchandising team. Havertys is a full-service home furnishings retailer with 117 showrooms in 17 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.