FORT LAUDERDALE, Fla., August 14, 2014/ABCVM - Atlanta-based Havertys Furniture confirmed that it has signed leases for the recently closed Carl’s Furniture stores here and in Coconut Creek, Fla., thereby boosting its presence in Southeast Florida.
The Top 100 company acquired the lease on Carl’s former 60,000-square-foot showroom headquarters located in Coconut Creek with plans to reopen as Havertys Furniture in December after completing all renovation works of the said showroom.
In Fort Lauderdale, Havertys also signed a lease for the former 50,000-square-foot Carl’s Furniture store projected to be open next spring, said Clarence Smith, Havertys chairman, president and CEO.
Both will be a significant additions to the retailer’s store count. Havertys already operates a Fort Lauderdale store in the Sawgrass area, Smith said, noting that the new store would brings it closer to the coast, in a central area. Acquiring the Fort Lauderdale store will become three former Carl’s stores that Haverty’s will operate in the Southeast Florida because “we also took over the Boca (Raton, Fl.) Carl’s a couple of years ago,” Smith said.
He though declined to disclose sales projections for the new stores.
Carl’s, once a Top 100 company, filed for Chapter 11 bankruptcy protection in 2011 and emerged a year later, but eventually only to liquidate all its remaining three stores.
Havertys is listed at No. 15 on Furniture/Today’s Top 100 with sales of $746.1 million in furniture, bedding and accessories last year in its 119 stores. The company has made plans to open six more stores in existing markets this year with the coconut Creek store as part of its growth, including the projected three relocations, Smith said.
Havertys already relocated its Fayetteville, N.C., store and is also in the process of moving to a new Winston-Salem, N.C., location in a former Sports Authority space near its existing showroom. The third plan relocation will be in Kissimmee, Fla., to commence in a month’s time.
In the fall, the retailer will open a new store in the Buckhead area of Atlanta - a smaller-format 23,000-square-foot store, in a space it occupied years ago, Smith said.