Havertys (HVT) Reports Q3 Written Comps Rose ~3.5%

Havertys (NYSE: HVT) 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 setting Labor 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 the Rogers, 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 growing Waco, Texas market as part of a new phase of the Central 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 in Boca Raton and the Sawgrass area and, as previously announced, a store in Coconut Creek is slated to open late this year. Havertys' expansion in this area also includes a 40,000-selling-square-foot store in Fort Lauderdale scheduled to open in the second quarter of 2015.

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