Atlanta-based furniture retailer Havertys announced its plans to shut down its Buckhead store this summer. The popular home furnishing retailer decided not to renew its expiring lease and end operations on June 30.
Highlights
- Havertys plans to close its Buckhead store on June 30, 2025.
- The furniture and home decor retailer has decided not to renew its lease when its sales values are dropping.
- By 2024, Havertys had 129 stores in 17 U.S. states, with 15 of them being in Georgia.
Havertys’ Journey Comes to an End in Buckhead
Havertys opened its Buckhead location in 2014, featuring a 23,000-square-foot style studio that served as an anchor in the local market.
However, after 10 years of serving the crowd at the Peachtree location, the public company of Atlanta is set to say goodbye to the area. It should be noted that Haverty’s lease is also ending at this establishment.
In this backdrop, Brendan McGill, the General Counsel of the home furnishing retailer, stated that it will not renew the lease. Instead, Havertys will offer its last service at Peachtree (3255 Peachtree Rd #101, Atlanta, GA 30305, United States) on June 30.
McGill added, “We look forward to providing our Buckhead customers with excellent service and quality products that they have come to expect from Havertys at our Perimeter location and nine other stores serving the Atlanta market.”
About Atlanta’s 140-year-old Furniture Company
The home furnishing retailer started serving the Atlanta crowd about 140 years ago. It then became a public organization in the late 1920s.
As of 2024, Havertys provided furniture as well as home decor items to upper-middle/middle-income households through its 129 stores in 17 U.S. states. 15 of the stores are in Georgia.
Sales Dip Prompts Havertys’ Closure
The news of the furniture retailer’s Buckhead store closure has come at a time when its sales are dropping. Citing “housing slowdown,” Steven G. Burdette, the company’s CEO and President, said that the consolidated sales dropped by 16.1%. This led to Haverty’s sales figure of $722.9 million.
Strategic Store Launch and Closure Decisions of Havertys
In recent times, the furniture brand has been implementing strategic store launches and closure-related decisions. Havertys shut down its one store in Pine Bluff, Arkansas. Right after this, it opened more new shops in Houston and Miami.
Explaining the strategy, the home furnishing and furniture retailer stated that it continuously looks for potential relocations. This helps Havertys to close retail outlets in underperforming locations.
The shutdown of Havertys’s Buckhead outlet signals the end of its 10-year service at the prime Atlanta location. Facing the troubles of lowering sales, its final decision to renew its lease highlights its broader goals of evaluating and repositioning its stores across the U.S.
