Havertys says business remains challenging

Atlanta furniture chain Havertys is continuing to update its showrooms and consider expansion, even as the business faces difficulties.

The company's middle to upper-middle class target customer is likely to continue spending cautiously, Havertys president and CEO Clarence Smith said in a statement. He said he expects that to be the case until the housing market improves and the economy shows signs of stability.

"The retail home furniture business remains challenging," he said.

The company's net sales decreased 1.1 percent in the third quarter of the year, and same-store sales decreased .6 percent. Bedding sales grew, but the company did not say how much.

Havertys made $118,000 for the quarter, compared to $1.2 million for the same quarter last year.

About the Author

Norfolk Southern sale puts major Atlanta philanthropic force in question

For metro Atlanta philanthropic causes that enjoy Norfolk Southern's support, there are unanswered questions about how committed the company will be after it is acquired.

Home Depot cuts outlook amid housing slump and consumer uncertainty

Home Depot said its net income dipped to $3.6 billion during the third quarter, down 1.3% from the same period last year.

Global software firm announces Atlanta expansion with 250 new jobs

Sales software company Salesforce announced Tuesday it will invest $15 million to expand its Georgia operations, adding 250 new jobs to Fulton County by the end of 2028.

The Latest

Credit: Special

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

OPINION

Saying goodbye to the Porsche 718 Cayman — for now

Featured

Credit: Ben Gray

Donor leaves WABE $3 million, largest individual gift in station’s history

An Atlanta resident has bequeathed WABE a $3 million donation, the largest one-time individual donation in the nonprofit media operation’s 76-year history.

Usher sues business partners over failed Buckhead restaurant plan

Atlanta singer Usher wants his money back after loaning $1.7 million to music producer Bryan-Michael Cox and others to buy a Buckhead restaurant property for $6.3 million.

Braves’ original ‘Freeze’ is retired. But you probably still can’t catch him.

As the Atlanta Braves prepare to find their next sprinting mascot, Nigel Talton is enjoying his new career coaching high school athletes at McEachern High.