BNET Industries

Market Cap:$228.3M
Last Fiscal Year Sales:$787.0M
- Public
- US
Dow Jones Description
Unless the context indicates otherwise, references to Havertys, the Company, we, us, and our refer to the consolidated operations of Haverty Furniture Companies, Inc. and its subsidiaries. General Havertys is a specialty retailer of residential furniture and accessories. We provide our customers with a wide selection of products and styles primarily in the middle to upper-middle price ranges. As an added convenience to our customers, we offer financing through an internal revolving charge credit plan as well as a third-party finance company. Havertys originated as a family business in 1885 in Atlanta, Georgia with one store and made deliveries using horse-drawn wagons. The Company grew to 18 stores and accessed additional capital for growth through its initial public offering in October 1929. Havertys has grown to over 120 stores in 17 states in the Southern and Midwest regions. All of our stores are operated using the Havertys name and we do not franchise our stores. Based on 2007 revenues and as reported by Furniture Today , we were one of the top 20 largest retailers of furniture in the country. We believe that we are an effective and significant competitor in our markets.
Director
Mangum MylleNumber of Employees 3,560
Peer Companies
NAICS Code Wood Kitchen Cabinet and Countertop Manufacturing: 337110
Recent Events
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Haverty Furniture sales dip 15% in 2009
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Havertys Reports Third Quarter Profit
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Market Report -- In Play HVT
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Haverty HVT Shares Rise as Raymond James Upgrades to Outperform
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Haverty sales slip at stores open more than a year
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Havertys Reports Loss for Second Quarter 2009
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Haverty Furniture Companies Q2 sales down 23%
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Havertys Reports Results for First Quarter 2009
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Haverty lowers chairmans total comp
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Havertys Reports Fourth Quarter and 2008 Results
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Havertys Announces Retirement of Tony Wilkerson as EVP, Merchandising - Quick Facts
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Havertys Announces Retirement of Tony Wilkerson, EVP, Merchandising and Promotions
News & Analysis
Filter by
haverty furniture companies inc. - All News and Analysis
Havertys posts 11.9% same-store decline in 3Q.(Haverty Furniture Companies Inc.'s financial news)(Financial report)(Brief article)
By Furniture Today Staff ATLANTA - Havertys said its third-quarter same-store sales declined 11.9%, but the Top 100 company saw business improve as it moved deeper into the summer. Total sales for the third quarter decreased 13.5% to...
Havertys' profits decline $7.3 million in first quarter.(Haverty Furniture Companies Inc.)(Financial report)
By Clint Engel ATLANTA - Havertys reported a first-quarter loss of $7.3 million or 34 cents per share as it continued to squeeze costs out of its operations and promote heavily in the face of weak demand. In...
Havertys' Ridley shifts to non-executive role.(Clarence Ridley has retired from Haverty Furniture Companies Inc. )(Brief article)
Staff ATLANTA -- Havertys Chairman Clarence Ridley will retire as an employee of the Top 100 company in May but will remain non-executive chairman and consultant for the Atlanta-based retailer. Ridley, who earned a base salary of $420,000...
Havertys' 4Q same-store sales fall 21.3%.(Haverty Furniture Companies Inc.)(Financial report)(Brief article)
By Clint Engel ATLANTA -- Havertys said its fourth-quarter same-store sales were down 22.6% from the same period a year ago, and the Top 100 company continued to tighten the reins on debt to weather the downturn. Total sales for...
Havertys posts loss of $1.5 million in 3Q.(Haverty Furniture Companies Inc.)(Financial report)
By Clint Engel ATLANTA - Havertys posted a third-quarter net loss of $1.5 million last week, citing a continuing decline in consumer spending on big-ticket items. To counter what the Top 100 company called a 'historic down cycle,' Havertys...
Progressive Following on Haverty Furniture Companies Inc.
M2 PRESSWIRE-7 March 2008-MarketMinute: Progressive Following on Haverty Furniture Companies IncC1994-2008 M2 COMMUNICATIONS LTD RDATE:07032008 InvestorIM has been created as a tool for the average investor. The idea is simple, a website where the world can communicate. Do you have a ...
Progressive Following on Haverty Furniture Companies Inc.
M2 PRESSWIRE-6 March 2008-Streetinvesting.com: Progressive Following on Haverty Furniture Companies IncC1994-2008 M2 COMMUNICATIONS LTD RDATE:06032008 Streetinvesting.com has now resumed our progressive review of Haverty Furniture Companies Inc (NYSE:HVT) after it traded down 6% Thursday, early in the morning,...
Havertys earnings down 48% in 4Q.(Haverty Furniture Companies Inc.)(Financial report)
By Clint Engel Atlanta- Havertys reported a 48.4% decline in fourth quarter earnings to $1.6 million from $3.2 million for the same period a year ago as a weak economy continued to weigh on business. For the year ended Dec....
Frank McGaughey dies.(Haverty Furniture Companies Inc.)(Obituary)
By Clint Engel Longtime Havertys leader, director Atlanta- Frank McGaughey Jr., longtime leader and director of Top 100 store Havertys, has died. He was 84. McGaughey devoted his entire career to Havertys and served in several...
Global Market Progressive Review on Haverty Furniture Companies Inc.
M2 PRESSWIRE-7 February 2008-The Street Corner: Global Market Progressive Review on Haverty Furniture Companies IncC1994-2008 M2 COMMUNICATIONS LTD RDATE:07022008 Streetinvesting.com has now resumed our progressive review of Haverty Furniture Companies Inc (NYSE:HVT) after it traded down 1% Thursday,...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Mangum Mylle | Director |
| Clarence H. Smith | President |
| Myldred H. Mangum | Director |
| Allan J. Deniro | Chief People Officer |
| Dennis L. Fink | Executive Vice President |
| J. Edward Clary | Chief Information Officer and Senior Vice President, Distribution |
| M. Tony Wilkerson | Executive Vice President, Mdsg |
| Steven G. Burdette | Executive Vice President, Stores |
| Tony Wilkerson | Executive Vice President |
| Dewey Gallagher Richard | Senior Vice President |
| Thomas P. Curran | Senior Vice President, Marketing |
| Bart Iest | Vice President, Audit |
| Bart J. Vander Iest | Vice President, Internal Audit |
| Bartel J. Vander Iest | Vice President, Internal Audit |
| Janet E. Taylor | Vice President and General Counsel |
| Justin P. Seamonds | Controller |
| Matt C. Scalf | Vice President, Import Services |
| Rhonda J. Wolf | Vice President, Merchandising |
| Scott T Miles | Vice President, Stores |
| Steven M. Langer | Vice President, Supply Chain |
| Bart J Vander | |
| Betty H Smith |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Mylle H. Mangum | Chairman |
| L. Phillip Humann | Board of Directors |
| Vicki R. Palmer | Board of Directors |
| Fred L. Schuermann | Board of Directors |
| Rawson Haverty Jr. | Board of Directors |
| Jenny Hill Parker | Board of Directors |
| Clarence H. Ridley | Chairman of the Board |
| John T. Glover | Chairman of Audit Committee |
| Al Trujillo | Board of Directors |
| Ben M. Haverty | Board of Directors |
| Frank S. McGaughey | Board of Directors |
| Terence F. McGuirk | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Director | Current |
| Scientific-Atlanta, Inc. | Director | Current |
| Philips Respironics | Director | Current |
| Emageon Inc. | Director | Current |
| The Doctor Dalai | Director | Current |
| Holiday Inn Worldwide | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| International Banking Technologies | Chairman and CEO | Current |
| Design Build Concepts, Inc. | Chief Executive Officer | Current |
| Ibt Enterprises, LLC. | CEO | Current |
| Possible Woman Enterprises, Inc. | Current | |
| Haverty Furniture Companies, Inc. | Director | Current |
| Collective Brands Inc. | Compensation, Nominating and Governancecommittee, Chairman | Current |
| Ibt Enterprises, LLC. | Chairman | Current |
| Haverty Furniture Companies, Inc. | Chairman | Current |
| Scientific-Atlanta, Inc. | Board of Directors | Current |
| Matria Healthcare, Inc. | Director | Current |
| Philips Respironics | Director | Current |
| Emageon Inc. | Director | Current |
| Barnes Group Inc. | Board of Directors | Current |
| IBT, Inc. | Chief Executive Officer | Former |
| Ibt Holdings | CEO | Former |
| BellSouth International | President | Former |
| Holiday Inn Worldwide | President, Strategic Management | Former |
| Carlson Wagonlit Travel | Senior Vice President of Strategic Planning and Expense Management | Former |
| BellSouth Corporation | Director, Corporate Planning and Development | Former |
| Ibt Holdings | Chairman | Former |
| Collective Brands Inc. | Board of Directors | Former |
| Emory University | Bachelor of Arts Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Equifax Inc. | Board of Directors | Current |
| Haverty Furniture Companies, Inc. | Board of Directors | Current |
| Coca-Cola Enterprises Inc. | Board of Directors | Current |
| SunTrust Bank, North Florida, N.A. | President | Former |
| SunTrust Banks, Inc. | Chairman | Former |
| SunTrust Banks, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Chief Executive Officer | Current |
| Haverty Furniture Companies, Inc. | President | Current |
| Marist School | Board of Directors | Current |
| Oxford Industries, Inc. | Director | Current |
| Haverty Furniture Companies, Inc. | Board of Directors | Current |
| Marist School | Trustee | Current |
| Haverty Furniture Companies, Inc. | Chief Operating Officer | Former |
| The Limited Stores | Senior Vice President, General Manager | Former |
| Haverty Furniture Companies, Inc. | Senior Vice President | Former |
| Haverty Furniture Companies, Inc. | General Manager, Stores | Former |
| Organization | Position | Status |
|---|---|---|
| Matria Healthcare, Inc. | Chief Executive Officer of Ibt Enterprises | Current |
| Barnes Group Inc. | Director | Current |
| Haverty Furniture Companies, Inc. | Director | Current |
| Matria Healthcare, Inc. | Board of Directors | Current |
| Emageon Inc. | Director | Current |
| Philips Respironics | Director | Current |
| Holiday Inn Worldwide | President, Strategic Management | Former |
| Carlson Wagonlit Travel | President | Former |
| Holiday Inn Worldwide | Executive Vice President | Former |
| Carlson Wagonlit Travel | Senior Vice President, Strategic Planning and Expense Management | Former |
| Organization | Position | Status |
|---|---|---|
| Coca-Cola Enterprises Inc. | Executive Vice President, Financial Services & Administration | Current |
| First Horizon National Corporation | Board of Directors | Current |
| Spelman College | Board of Directors | Current |
| Woodward Academy | Board of Directors | Current |
| Haverty Furniture Companies, Inc. | Board of Directors | Current |
| Coca-Cola Enterprises Inc. | Special Assistant To the CEO | Former |
| Spelman College | trustee | Former |
| Coca-Cola Enterprises Inc. | Special Assistant | Former |
| First Horizon National Corporation | Committee Chair for Audit Committee | Former |
| Coca-Cola Enterprises Inc. | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | President | Current |
| Haverty Furniture Companies, Inc. | Board of Directors | Current |
| La-Z-Boy Incorporated | Team Member | Former |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Chief People Officer | Current |
| Haverty Furniture Companies, Inc. | Vice President, Human Resources | Former |
| Brach's Confections, Inc. | Vice Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Chief Financial Officer | Current |
| Haverty Furniture Companies, Inc. | Executive Vice President | Current |
| Haverty Furniture Companies, Inc. | Board of Directors | Current |
| Horizon Industries Limited | Chief Financial Officer | Former |
| Horizon Industries Limited | Senior Vice President | Former |
| Horizon Industries Limited | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Chief Information Officer and Senior Vice President, Distribution | Current |
| Haverty Furniture Companies, Inc. | Vice President, Management Information Services | Former |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Executive Vice President, Mdsg | Current |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Executive Vice President, Stores | Current |
| Haverty Furniture Companies, Inc. | Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Senior Vice President, Real Estate | Current |
| Serenbe Community | Current | |
| The Center for Ethics | Board of Directors | Current |
| High Museum of Art | Board of Directors | Current |
| Haverty Furniture Companies, Inc. | Board of Directors | Current |
Senior Vice President, Marketing since 2005. Vice President, Advertising and Internet Strategies, from 2000 to 2005. Vice President, Advertising, from 1987 to 2000. His focus has been almost exclusively on advertising since joining the Company in 1982.
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Senior Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Vice President, Audit | Current |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Vice President, Internal Audit | Current |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Vice President, Internal Audit | Current |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Vice President and General Counsel | Current |
| King & Spalding LLP | Partner | Former |
| Haverty Furniture Companies, Inc. | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Vice President, Secy. & Treasurer. | Current |
| Haverty Furniture Companies, Inc. | Board of Directors | Current |
| KPMG International | Senior Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Vice President | Current |
| Haverty Furniture Companies, Inc. | Controller | Current |
| Haverty Furniture Companies, Inc. | Board of Directors | Current |
| Haverty Furniture Companies, Inc. | Chief Financial Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Vice President, Import Services | Current |
| Haverty Furniture Companies, Inc. | Director of Import Services | Former |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Vice President, Merchandising | Current |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Vice President, Stores | Current |
| Haverty Furniture Companies, Inc. | Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Vice President, Supply Chain | Current |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Current | |
| Havertys | Former |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Roark Capital Group, Inc. | Current | |
| Havertys | Chairman of the Board | Current |
| Haverty Furniture Companies, Inc. | Chairman of the Board | Current |
| High Museum of Art | Board Member | Current |
| Health System | Board of Directors | Current |
| Saint Joseph's Health System | Board of Directors | Current |
| The Carter Center | Board Member | Current |
| Crawford & Company | Director | Current |
| King & Spalding LLP | Partner | Former |
| Emory University | Chairman | Former |
| Haverty Furniture Companies, Inc. | Board of Directors | Former |
| Havertys | Vice Chairman | Former |
| Haverty Furniture Companies, Inc. | Vice Chairman | Former |
| University of Virginia | J.D. | Former |
| Harvard Business School | MBA | Former |
| Yale University | Bachelor of Arts degree | Former |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Chairman of Audit Committee | Current |
| Emory University | Board of Directors | Current |
| Haverty Furniture Companies, Inc. | Director | Current |
| Emory Healthcare | Director | Current |
| Post Properties, Inc. | Vice Chairman | Former |
Mr. Trujillo has served as President and Chief Executive Officer of Recall Corporation, a global information management company, since February 2002. Recall Corporation is a subsidiary of Brambles Industries, Ltd. located in Sydney, Australia. Prior to his current position he was President of Recall Americas, a division of Recall Corporation. Mr. Trujillo is an Advisory Board Member of the College of Engineering at Georgia Tech Institute of Technology. He currently serves on Havertys Governance Committee.
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Haverty Furniture Companies, Inc. | Board of Directors | Current |
| Haverty Furniture Companies, Inc. | Reg Manager | Former |
Mr. McGaughey has served as a partner in the law firm of Bryan Cave LLP (formerly Powell Goldstein LLP) since 1980. Mr. McGaughey is a member of the Board of Trustees of the Woodruff Arts Center and chairman of the Sara Giles Moore Foundation. He currently serves as chairman of Havertys' Governance Committee and as a member of the Executive Committee.
| Organization | Position | Status |
|---|---|---|
| Bryan Cave Llp | Partner | Current |
| The Sara Giles Moore Foundation | Chairman | Current |
| Haverty Furniture Companies, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Atlanta National League Baseball Club, Inc. | Chairman & CEO | Current |
| Atlanta Braves | President | Current |
| Atlanta Braves | Chairman | Current |
| The Westminster Schools | Board of Directors | Current |
| Haverty Furniture Companies, Inc. | Board of Directors | Current |
| Scientific-Atlanta, Inc. | Director | Current |
| Sea Island Company | Director | Current |
| Turner Broadcasting System, Inc. | Chief Executive Officer | Former |
| Turner Broadcasting System, Inc. | Chairman | Former |
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