Haverty’s furniture store to close in May
Haverty’s at Valley View will close in May. Photo by Amanda Codispoti
Haverty’s furniture store at Valley View in Roanoke will close in May, opening up a large retail space in an high-traffic commercial area that is mostly built-out and landlocked.
The 40,000 square-foot store next to Dick’s Sporting Goods will close May 20, just before its lease ends, according to Jenny Parker, a spokeswoman for the Atalanta-based company.
“We felt like it was a good time to evaluate where we were,” Parker said, adding that the store’s profit margin played into the decision to close.
“It just depends on the market and what we see,” she said.
Overall, the furniture company is growing.
Haverty’s reported its fourth quarter profits revenues rose to $182.3 million, a 8.4 percent increase from the same time period a year before. Comparable store sales increased 6 percent, according to the earnings report.
The company also added two new stores since fourth quarter 2011 and has plans to expand its showrooms in some markets.
“We will be adjusting our square footage during 2013, closing stores in certain markets and expanding showrooms in desirable locations,” Clarence H. Smith, president and CEO, said in the report.
The Roanoke showroom is one of three to close this year, Parker said. The others are in Jackson, Miss. and Tampa, Fla.
Haverty’s operates 121 showrooms in 17 states in southern and midwestern states.
The Roanoke showroom is owned by Abmar LLC, which has an Atlanta address, according to Roanoke city online real estate records. The ownership group could not be reached, so it remains unclear what will happen with the building.
February 27, 2013 - 6:30 AM
It’s kind of scary when you see a company that is experiencing sales growth and is expanding in other geographic areas yet, our location is closing. I think it says a lot about the state of the economy in this region.
Work is going on in the vacant Verizon building on Airport Rd. Any idea what is moving in?
Maybe a Trader Joe’s will go in its spot!
JD, I think opening a store almost in front of Grand’s flagship store may have been a major factor in their closing.
David: Let me check and get back to you.
david: I knew I’d seen something on this. We had this story last year about Delta Dental moving a new company it has created into the building.
Amanda, thanks for the update. Will Delta Dental move out of its Starkey Rd location?
I’m think the article should read “fourth quarter revenue rose to $182.3 million”, not profit.
@James: You are absolutely right! Big difference. I’ll make the correction. Thanks.
Amanda, your link to the story doesn’t work. I assume it’s due to the switch over to the beta site. Thought you might like to know for informational purposes.
@david: I don’t think so. The new office will be home to two new insurance companies Delta created, according to the story I linked to in the last comment.
Nevermind it seems to be working now.
While I like the “comments view” version of the blog, I can’t say the same for the site’s new front page layout. The blogs are difficult to access because they’re just in a sidebar that doesn’t exactly call attention to itself. For this one in particular I had to click “More Blogs”. Are the ones that actually appear all the time just arbitrary? I know there’s a “recently commented” section, but that didn’t appear to be clickable. Are you relegated to the “and the rest” section along with the Professor and Mary Ann?
Noticed the closing last weekend while at Dick’s. We went in once when it first opened…that was the only time we ever went in that place. We did walk through last weekend….same ol same ol. Why is it so hard to find decent furniture that isn’t brown, tan, black or white?
@Spiny: Thanks for your feedback on the site. As for finding the blogs, the blogs with the most recent posts show up in the side bar on the homepage. So every blog will get bumped down as other bloggers post content.
BOG I think you have to go to New York to find the kind of furniture you’re looking for! Just kidding. We actually found new furniture at Grand. It’s gray leather and isn’t like all the other boring choices.
As for Haverty’s I agree. I think I’ve been in there twice. The prices on their furniture were really high they didn’t really have anything you can’t find cheaper at Ashley’s.
@Spiny: One more thing regarding the blogs on the home page. The top three spots are reserved for blog posts that our editors and online team think are of the most interest. The blogs you see there will get rotated out, too.
Umm, Brian… it’s because avocado green and burnt orange couches went out in the ’70s. I’m sure you could find what you’re looking for at your local thrift shop.
Sorry to see it go. Ashley’s cheap- wish they were going- gone. !
Bring on pottery barn, William Sonoma and Bananna Republic baby.
do they have any nice matress at a good clearance price
any good matresses
@jo: Yes, they have mattresses.