Haverty Furniture Posts 3Q Sales Decline

Atlanta Haverty Furniture Cos. said Tuesday its third-quarter same-store sales fell 14.9% as the housing downturn continued to weigh on results.

Total sales for the quarter ended Sept. 30 fell 12.5% to $175.6 million from $200.7 million in the prior-year period. Sales for the first nine months of 2008 declined 8.6% to $529.2 million from $578.8 million, while same-store sales declined 11.3%.