TITLE

Havertys posts loss of $1.5 million in 3Q

AUTHOR(S)
Engel, Clint
PUB. DATE
November 2008
SOURCE
Furniture/Today;11/10/2008, Vol. 33 Issue 10, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of Haverty Furniture in the U.S. during the third quarter of 2008. The company yielded a net loss of $1.5 million because of a continuing decline in consumer spending on big-ticket items. It posted a profit of $643,000. It also added that it has paid off debt, tightened up its inventory, outsourced new financing and reduced other capital expenditures to address the financial crisis.
ACCESSION #
35258907

 

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