La-Z-Boy recently announced that one of its manufacturing facilities has broken the American Home Furnishings Alliance (AHFA) safety record. The facility went over 6.8 million hours without seeing an Occupational Safety and Health Administration (OSHA) recordable lost-time case.
La-Z-Boy Incorporated (NYSE: LZB) reported today that in the trial of a lawsuit pending in the U.S. District Court for the Southern District of Florida, the jury returned a verdict against the company finding damages of approximately $5.8 million.
La-Z-Boy Incorporated (NYSE: LZB) reports 2016 third-quarter sales increased 7.3 percent to $384 million, with retail operations, casegoods and upholstered furniture rising. La-Z-Boy started importing casegoods after closing its Hudson, North Carolina plant.
Residential furniture makers La-Z-Boy and Nova LifeStyle offered an upbeat forecast during their earning call, but office and contract funriture comglomerate HNI (Hon, Allsteel, etc.) is anticipating a slowdown on the horizon. A new ERP computer system at La-Z-Boy "helped us achieve a 12.1% operating margin," says its CEO.
La-Z-Boy Inc. announced that Steven Kincaid, senior vice president of La-Z-Boy Inc. and president, La-Z-Boy Casegoods, Inc., will transition to an advisory role within the business. Otis Sawyer, senior vice president of La-Z-Boy Inc. and president, England, Inc., will assume the additional responsibility as president of the Casegoods organization. The La-Z-Boy Casegoods segment consists of three brands: American Drew; Hammary; and Kincaid.
MONROE, MI - La-Z-Boy ended its year with 2015 fourth quarter sales of $374.9 million, up 6.2%; and $1.43 billion for the year, up 5%.But the strongest note was centered around the La-Z-Boy recliners, motion and other upholstered furniture, marketed as Made in America and produced at six manufacturing plants.
La-Z-Boy Incorporated today announced the appointment of Jeffrey Fink as Vice President, Real Estate. He will join the company on March 9, 2015, after working in real estate strategy for Jo-Ann Stores, LLC.
La-Z-Boy Incorporated (NYSE: LZB) reported its operating results for the fiscal 2015 third quarter ended January 24, 2015.
La-Z-Boy Incorporated (NYSE: LZB) today reported its operating results for the fiscal 2015 second quarter ended October 25, 2014.