La-Z-Boy's sales are up 13 percent for the fiscal 2019 third quarter over the same period last year - largely thanks to recent acquisitions and core business growth, the company said.
La-Z-Boy Inc. has acquired Joybird, an e-commerce retailer and manufacturer of upholstered furniture.
England Furniture will invest $31 million to expand its New Tazewell, Tennessee, residential furniture operation, creating 202 jobs.
Furniture giant La-Z-Boy Inc. reported a 15.16 percent decrease in net income for the first quarter of its 2018 fiscal year compared to last year’s first quarter.
MONROE, Mich. -- La-Z-Boy Inc. has announced that Mark S. Bacon Sr., senior vice president and president, La-Z-Boy Branded Business, has resigned from the company, effective April 30, 2017. Kurt L. Darrow, chairman, president and chief executive officer of La-Z-Boy, said, “Mark made a significant contribution to La-Z-Boy. In his nine years with the company, he played a pivotal role in leading the successful turnaround of La-Z-Boy’s company-owned retail business and strengthening the overall performance of the company’s Branded operations.
La-Z-Boy's 1.2 million-square-foot Dayton, Tennessee facility is its only branded plant that makes furniture in all three upholstery categories.
La-Z-Boy's revenue remained essentially unchanged from this quarter last year. Casegoods revenue rose 7 percent, and the new American Drew AD Modern casegoods line is expected to take off.
La-Z-Boy launched a rechargeable lithium-ion battery pack for its power recliner. Batteries last about a week, and eliminate the need for a cord to run to the chair - giving more flexibility in room layout. The battery is the size of a hand, and can also be charged wirelessly.