WASHINGTON - The U.S. Department of Commerce (DOC) is giving itself an additional six months to complete its administrative review of the antidumping duty order on wooden bedroom furniture imported from China in 2010.
La-Z-Boy announces the launch of PowerReclineXR by La-Z-Boy, the latest innovation in reclining.
Two major furniture manufacturers topped this week's news with Linwood Furniture filing for bankruptcy and La-Z-Boy receiving $16MM in antidumping duties for its wooden bedroom furniture.
La-Z-Boy Inc. will partner with Kuka Home, one of China's largest furniture producers and retailers, for distribution and manufacture of La-Z-Boy recliners and motion furniture in China.The deal includes U.S.-made furniture to ship to China.
La-Z-Boy Incorporated reported its operating results for the fiscal third quarter 2012.
La-Z-Boy Inc. announced sales for the fiscal second quarter increased 5.0%, compared to the same period last year. Sales for the second quarter were $307.7 million, while the company reported net income of $7.9 million, compared with $3.9 million in 2011.
La-Z-Boy Incorporated (NYSE: LZB) today reported its operating results for the fiscal first quarter ended July 30, 2011.