HAVERTY FURNITURE COMPANIES, INC. (NYSE: HVT and HVT.A) announced that it is making outlays of $2.4 million for remodeling and improvements to ten of its showrooms in the Atlanta market. The initiative, called “Bright Inspirations,” is part of a company-wide visual merchandising and display program. Havertys partnered with Atlanta design firm Miller Zell to develop the concept. Clarence Smith, president and chief executive officer, said “We are very excited about the project which empowers our customer with an engaging, educational and friendly store allowing her to connect with her personal style preferences. The design emphasizes a brighter color palette and newer in-store signage. It is much more informative and organizes the merchandise presentation into appealing portions.” Elements of the concept include creating impact zones, merchandise stories and destination departments. Consumer input was used in the development and actual customer comments are incorporated as product ratings and reviews signage. Havertys Atlanta showrooms being refashioned are North Point, Cobb Parkway, Snellville, Gwinnett Place, Town Center, Stonecrest, Perimeter, Fayetteville, Athens and Mall of Georgia. The up-fitting process is underway, with some showrooms finished, and the last expected to be complete by the first quarter of 2012. “Since our company was founded in Atlanta 126 years ago, we felt it was very important that this market be the first completed in the Bright Inspirations style. “We are renovating additional stores to the Bright Inspirations design in our other major markets. The program should be completely rolled out to most of our locations by early 2013,” Smith concluded. Havertys, established in 1885, is a full-service home furnishings retailer with 118 showrooms in 17 states in the Southern and Midwestern regions providing its customers with a wide selection of quality merchandise in middle- to upper-middle price ranges. Additional information is available on the Company's website at www.havertys.com. News releases include forward-looking statements, which are subject to risks and uncertainties. Factors that might cause actual results to differ materially from future results expressed or implied by such forward-looking statements include, but are not limited to, general economic conditions, the consumer spending environment for large ticket items, competition in the retail furniture industry and other uncertainties detailed from time to time in the Company's reports filed with the SEC.
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