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

Why Hollywood didn’t publicly fight Georgia’s ‘religious liberty’ bill

The film and television industry of today is very different than the one that existed when Gov. Deal vetoed the religious liberty measure in 2016.

Slowdown in global shipping will soon hit Georgia. Are layoffs, shortages next?

Global shipping is slowing a month after President Donald Trump’s “Liberation Day” escalation of the trade war. Georgia companies, workers and consumers could soon feel it.

Opinion: $160K BMW showed me combustion is essential to a performance car experience

In the BMW XM, once the 31 miles of electric range runs out, the gasoline engine is even more impressive than any electronic sound, gadget or software could ever be.

The Latest

Credit: Jason Getz / Jason.Getz@ajc.com

Atlanta’s recovering office market braces for potential tariff impact

55m ago

Air traffic control overhaul to improve safety, fix delays, Delta CEO says

Pepsi makes incursion into Coca-Cola territory on National Have a Coke Day

Featured

Credit: AP

‘MAGA warrior’ Buddy Carter jumps into Georgia Senate race against Ossoff

U.S. Rep. Buddy Carter launches Georgia Senate bid to unseat Jon Ossoff

$110M Ponzi scheme investors lose appeals against Oppenheimer

Retirees who invested their life savings in a Marietta man’s $110 million Ponzi scheme have lost their lawsuits against his former employer, Oppenheimer.

Dalton college student joins father in ICE detention after traffic stop

The back-to-back arrests of the Dalton father and daughter illustrate the risks of getting behind the wheel for immigrants living in the country without legal status.