Leggett & Platt said it may divest its store fixtures operations as the business unit continues its financial struggles. An investment banker has been retained to explore strategic alternatives.
La-Z-Boy announced it will close its Hudson, NC, plant, moving all casegoods production overseas as part of its restructuring efforts. The furniture company also said it will sell its Lea furniture brand.
La-Z-Boy Incorporated (NYSE: LZB) announced it will restructure its casegoods business, which represents approximately 10% of revenue, by transitioning to an all-import model for its wood furniture.