HAVERTY FURNITURE COMPANIES INC

Haverty Furniture Companies, Inc. is a specialty retailer of residential furniture and accessories. The business was founded by J.J. Haverty in 1885 in Atlanta, Georgia, starting with one store. The Company grew to 18 stores and was incorporated in September 1929, with its initial public offering occurring in October 1929. Its common stock ("HVT") and Class A common stock ("HVT-A") are traded on the New York Stock Exchange. Havertys operates 129 stores across 17 states in the Southern and Midwest regions of the U.S., all under the Havertys name, and does not franchise its stores. Havertys primarily serves women in middle to upper-middle income households who typically own homes in the suburbs. These customers are style-conscious, aware of current trends, and research products both online and in-store, often involving friends or family in their purchasing decisions. They seek furnishings that match their style without sacrificing quality or value. The company's marketing, merchandising, stores, online presence, and customer service are designed to meet these customer needs. Havertys employs a seasoned, commissioned-based sales team to assist customers with product knowledge. Additionally, the company offers a free design service, including in-home consultations, with the goal of having at least one design consultant available in each store. Customers utilizing the free design services generally have an average sales ticket that is twice the average sales ticket.