TITLE

Havertys earnings up

PUB. DATE
May 2008
SOURCE
Furniture/Today;5/5/2008, Vol. 32 Issue 34, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the increased earnings of Haverty Furniture Cos. Inc. in Atlanta, Georgia. The increased earnings were due to the company's credit strategies, including a shift to more promotions and away from price discounting. The company has increased its earnings of about 24.2% gain despite a 3% sales decline. According to Clarence Smith, president and chief executive officer (CEO), the gross margin improved to 52.1% from 49.9%, which reflects the effects of such strategies.
ACCESSION #
32066085

 

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