216085--3/16/2006--HAVERTY_FURNITURE_COMPANIES

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{product, market, service}

{condition, economic, financial}

{gas, price, oil}

{operation, international, foreign}

{customer, product, revenue}

A downturn in the economy may affect consumer purchases 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. The Company imports a substantial portion of its merchandise from foreign sources. Changes in exchange rates could impact the price the Company pays for these goods, resulting in potentially higher retail prices and/or lower gross profit on these goods. Our revenue could be adversely affected by a disruption in our supply chain. The continuing rise of oil and gasoline prices could affect our profitability.

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216085--3/16/2006--HAVERTY_FURNITURE_COMPANIES_INC