Early
September sales are trending better with total written business
for the Labor Day weekend off 3% compared to last year's
mid-teen percentage increase.
Clarence H. Smith, President and CEO, Havertys
The company's same store sales fell 10.1% in August. Sales for
the first eight months of 2007 decreased 9.4% to $516.7 million
compared with $570.6 million in 2006. On a comparable-store
basis, sales decreased 11.0% for the first eight months.
Clarence H. Smith, president and chief executive officer,
said,"Early September sales are trending better with total
written business for the Labor Day weekend off 3% compared to
last year's mid-teen percentage increase."
Smith added that there are signs of improvement. "In fact,
written business this Labor Day set an all-time record for any
single day at Havertys."
