216085--3/13/2008--HAVERTY_FURNITURE_COMPANIES

related topics

{product, market, service}

{customer, product, revenue}

{condition, economic, financial}

{operation, international, foreign}

{system, service, information}

{gas, price, oil}

A downturn in the economy may affect consumer purchase of discretionary items, which could reduce our net sales. We face significant competition from national, regional and local retailers of home furnishings. We may not be able to compete successfully against existing and future competitors. Some of our competitors have financial resources that are substantially greater than ours and may be able to purchase inventory at lower costs and better sustain economic downturns. Our competitors may respond more quickly to new or emerging technologies and may have greater resources to devote to promotion and sale of products. If new products are not introduced or consumers do not accept new products, our sales may decline. If we fail to anticipate changes in consumer preferences, our sales may decline. We import a substantial portion of our merchandise from foreign sources. Changes in exchange rates or tariffs could impact the price we pay for these goods, resulting in potentially higher retail prices and/or lower gross profit on these goods. As a result of our reliance on foreign sourcing our ability to service customers could be adversely affected and result in lower sales and earnings. Our revenue could be adversely affected by a disruption in our supply chain. The rise of oil and gasoline prices could affect our profitability. Our information technology infrastructure is vulnerable to damage that could harm our business. Because of our limited number of distribution centers, should one become damaged, our operating results could suffer.

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216085--3/13/2008--HAVERTY_FURNITURE_COMPANIES_INC