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325:. Grandson of J.J. Haverty, Clarence (Clancy) H. Ridley, elected to the board of directors in 1979, took Rawson's place as chairman of the board. Clancy provided continuity and guidance when J.J.'s great-grandson Clarence H. Smith, who spent his entire career experiencing all facets of the company, became president and CEO in 2002. Rawson Haverty continued to attend board meetings until his death in 2007 at the age of 86. Frank MaGaughey, Jr. also died soon after in 2008 at the age of 84.
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271:. A year and a half after the first Rhodes-Haverty store opened, J.J. Haverty moved westward to St. Louis, Missouri with his family to expand, and soon after bought interest in a number of smaller showrooms. It wasn't until 1894 that J.J. returned his family back to Atlanta and went on the road to open more stores. By 1908, 17 stores were open and thriving.
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In
December 1941, the United States entered World War II and the company faced hard times brought on by the rationing of furniture production materials. When the war ended, pent-up demand for consumer goods caused sales to surge. The company seized the opportunity to remodel older stores and open new
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As
Havertys witnessed the turn of another century, the company underwent many changes. An initiative began to develop Havertys' own brand of furniture, starting with just a few items in February 2000. Most of the company's sales volume is now of merchandise exclusively designed, sourced and produced
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The company continued to prosper during the 1950s. By 1955, there were 38 stores across ten states. Clarence
Haverty decided to step down as president and Rawson took on the role. By 1960, the year of the company's 75th anniversary, Havertys added four more locations. That year also saw the passing
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J.J. Haverty's son
Clarence, who first began in the business by sweeping floors, rose to a leadership position and wished for a larger role in the business. The partnership with Rhodes was dissolved amicably and, with the flip of a coin, 16 of the stores were divided between Rhodes and Haverty. The
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In the late 1980s, Havertys embarked upon a comprehensive revitalization program, upgrading most of the company's stores. Enhanced lighting and display areas were the primary improvements, with some stores also expanding in size. The revitalization included closing the last downtown
Atlanta store.
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By the end of the 1960s, retail trends were changing and downtown stores were replaced by stores closer to the growing suburban populations. Rawson
Haverty led the company through this transition as president and chief executive officer until 1984, when he was elected as chairman of the board.
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Havertys has invested $ 750,000 in equipment that recycles approximately 4,000 tons of corrugated material and 120 tons of
Styrofoam each year. A line of eco-friendly furniture with innovative elements designed to leave a smaller environmental footprint was introduced in 2009.
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Following the split with Rhodes, the company expanded across the South. The
Atlanta headquarters outgrew their facility and moved to a larger six-story building in 1924. Also during this period, J.J. Haverty and Amos Rhodes formed another partnership, this time to erect the
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In the late 1920s, the company took advantage of the booming stock market and went public. The stock sale took place on
October 1, 1929. Four weeks later, the market crashed. Havertys' strong financial positions enabled the company to weather the difficult years ahead.
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Frank McGaughey, Jr. added CEO to his title in addition to president in 1990. He held this post until his retirement in 1994, when John E. Slater was named president and CEO. Slater joined the company in 1956 and had spent his entire career with
Havertys.
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Clarence Haverty, who had run the business for many years, was officially named president in 1938, at which time his father J.J. became chairman of the board. In October 1939, just short of his 81st birthday, founder J.J. Haverty died.
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In 2012, President and CEO Clarence H. Smith, who had been a member of the board of directors since 1989, succeeded L. Phillip Humann as chairman of the board. Mr. Humann remains a member of the board, as lead director.
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Over the years, Havertys has contributed time, labor, money and furnishings to national causes such as United Way, American Red Cross, the American Cancer Foundation, the American Heart Association and many more.
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Progress continued and 100 stores were in business by the beginning of 2001, when the furniture retailer saw another change in leadership. Rawson Haverty retired from the board and took the title
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Growth of the internet presented Havertys with another opportunity and in 2007 the company revamped the website. By March 2008, customers could browse through products and make purchases online.
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Furnishings and accessories were donated to families featured on Extreme Makeover: Home Edition. In several instances, local employees volunteered their time to help in the process.
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In the Atlanta area, Havertys has made an impact on the High Museum of Art, MARTA, Saint Joseph's Hospital and many charities associated with the Catholic Archdiocese of Atlanta.
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The year 2010 marked yet another change for company leadership as L. Phillip Humann succeeded Clancy Ridley as chairman of the board. Clancy was elected chairman emeritus.
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Another one of the founder's grandsons, Frank McGaughey, Jr., who had been with the company since 1947, accepted the title of president.
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main Atlanta location was purchased outright by J.J. Haverty and the business took back its original name of Haverty Furniture Company.
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and his brother Michael in 1885. The first store was located at 14 East Hunter Street (now 117 Martin Luther King Jr. Drive) in
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In 2010, the company became a national sponsor of The American Cancer Society: Making Strides Against Breast Cancer walk.
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Havertys remained the area's largest furniture retailer, with locations distributed throughout the metropolitan area.
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locations. Clarence Haverty's son, Rawson, returned from war and assumed the position of Corporate Secretary.
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In August 1998, the company's stock listing moved from the NASDAQ Exchange to the New York Stock Exchange.
240:, Havertys has grown to become one of the top furniture retailers in the south and central United States.
236:("Havertys") is an American retail furniture company founded in 1885. Beginning with a single store in
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In 1889, J.J. and Michael entered a partnership with the owner of a neighboring furniture store,
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Havertys has expanded to three distribution centers to support over 100 showrooms in 16 states.
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1908: J.J. Haverty and son Clarence split with Rhodes and re-establish Haverty Furniture Co
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Villa Clare: The Purposeful Life and Timeless Art Collection of J.J. Haverty.
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http://sec.gov/Archives/edgar/data/216085/000021608520000011/hvt10k123119.htm
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1889: Partnership with Amos G. Rhodes to form Rhodes-Haverty Furniture
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1984: J.J. Haverty's grandson, Frank McGaughey, Jr., named President
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656:"Havertys furnishes entire home for Extreme Makeover: Home Edition"
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In 2002, Havertys built their southeastern distribution center in
260:. By the third year, the new company moved to a larger location.
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1885: First store opened by J.J. Haverty and his brother Michael
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2001: Clarence H. Smith, J.J.’s great-grandson, named president
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1929: Company went public as Haverty Furniture Companies, Inc
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1955: Clarence Haverty's son, Rawson, appointed President
335:. Since then, it has grown to more than 800,000 sq. ft.
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594:"Phil Humann officially becomes Havertys chairman"
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129:Clarence H. Smith, Chairman, President and CEO
643:"Havertys commits of American Cancer Society"
369:1998: Stock moves to New York Stock Exchange
729:1885 establishments in Georgia (U.S. state)
534:"Haverty Furniture Companies, Inc. profile"
493:"Haverty Furniture Companies, Inc. profile"
691:
25:
137:John L. Gill, Executive VP, Merchandising
714:Furniture retailers of the United States
361:1938: Clarence Haverty becomes President
133:Steven G. Burdette, Executive VP and COO
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734:American companies established in 1885
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373:2000: Launch of own brand of furniture
299:of Clarence Haverty at the age of 79.
367:1994: Jay E. Slater becomes President
135:J. Edward Clary, Executive VP and CIO
131:Richard B. Hare, Executive VP and CFO
719:Retail companies established in 1885
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667:Haverty Furniture Companies, Inc.
621:Haverty Furniture Companies, Inc.
474:Haverty Furniture Companies, Inc.
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605:Haverty Furniture Companies, Inc.
508:"Top 25 U.S. furniture retailers"
481:Haverty Furniture Companies, Inc.
234:Haverty Furniture Companies, Inc.
20:Haverty Furniture Companies, Inc.
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269:Rhodes-Haverty Furniture Company
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484:Smith, William Rawson (2006).
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77:; 139 years ago
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671:Retrieved December 6, 2010.
658:Retrieved December 6, 2010.
645:Retrieved December 6, 2010.
632:Retrieved December 6, 2010.
609:Retrieved December 6, 2010.
596:Retrieved December 6, 2010.
583:Retrieved December 6, 2010.
572:Home Furnishings Business.
563:Retrieved December 6, 2010.
554:"Keeping between the lines"
552:Home Furnishings Business.
543:Retrieved December 6, 2010.
523:Retrieved December 6, 2010.
510:Retrieved December 6, 2010.
495:Retrieved December 6, 2010.
479:There’s no place like home.
250:James Joseph (J.J.) Haverty
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724:Companies based in Atlanta
318:under the Havertys brand.
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532:New York Stock Exchange.
521:"Rhodes-Haverty Building"
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184:US$ 560.07 million (2019)
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167:US$ 21.865 million (2019)
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150:US$ 802.29 million (2019)
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488:Mercer University Press.
477:Haverty, Rawson (2006).
470:Haverty, Rawson (1989).
377:2008: First online sale
371:1999: 100th store opened
248:Havertys was founded by
201:US$ 260.5 million (2019)
281:Rhodes-Haverty Building
472:Ain't the Roses Sweet.
119:121 (16 states) (2019)
519:The City of Atlanta.
399:Environmental impact
623:"Community Service"
574:"Havertys sales up"
207:Number of employees
115:Number of locations
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628:2010-12-29 at the
579:2011-07-11 at the
559:2011-07-11 at the
539:2012-10-17 at the
333:Braselton, Georgia
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16:Furnishing company
592:Furniture Today.
506:Furniture Today.
381:Community service
323:chairman emeritus
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100:Headquarters
34:Company type
703:Categories
408:References
157:Net income
125:Key people
349:Key dates
223:.havertys
66:Furniture
46:Traded as
626:Archived
577:Archived
557:Archived
537:Archived
62:Industry
258:Georgia
254:Atlanta
244:History
216:Website
142:Revenue
90:Founder
80: (
72:Founded
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654:CNBC.
38:Public
225:.com
108:U.S.
82:1885
75:1885
52:NYSE
221:www
56:HVT
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614:^
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84:)
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