Havertys Reports January Sales Decline

Furniture World Magazine

Haverty Furniture Companies, Inc. reported sales for the month ended January 31, 2008. Havertys' January sales decreased 5.4% to $61.3 million, compared with $64.9 million in January 2007. On a comparable-store basis, January sales decreased 8.4%. Comparable-store sales do not include stores or locations opened, closed or otherwise non-comparable during the last 12 months. Clarence H. Smith, president and chief executive officer, said, "Our total written business in January was down approximately 8%. We are carefully controlling our costs, managing our inventories and sustaining our gross margins during this challenging cycle." Havertys is a full-service home furnishings retailer with 123 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.