216085--3/16/2009--HAVERTY_FURNITURE_COMPANIES

related topics

{condition, economic, financial}

{product, market, service}

{customer, product, revenue}

{system, service, information}

{operation, international, foreign}

{cost, contract, operation}

{debt, indebtedness, cash}

{gas, price, oil}

{cost, regulation, environmental}

{cost, operation, labor}

Changes in economic conditions could adversely affect demand for our products. The financial crisis could adversely affect our business and financial performance. 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. Fluctuations and volatility in the cost of raw materials and components could adversely affect our profits 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 business depends on our ability to meet our labor needs. Because of our limited number of distribution centers, should one become damaged, our operating results could suffer. Our information technology infrastructure is vulnerable to damage that could harm our business. We may incur costs resulting from security risks we face in connection with our electronic processing and transmission of confidential customer information. Significant differences between actual results and estimates of the amount of future funding for our pension plans and significant changes in funding assumptions or significant increases in funding obligations due to regulatory changes, could adversely affect our financial results. The terms of our revolving credit facility impose operating and financial restrictions on us, which may constrain our ability to respond to changing business and economic conditions. This constraint could have a significant adverse impact on our business.

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216085--3/16/2009--HAVERTY_FURNITURE_COMPANIES_INC