How La-Z-Boy Stays Ahead of Changing Consumer Trends With Insights Ecosystem Investment

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28 April, 2023

Ninety-five-year-old furniture brand La-Z-Boy has been in the midst of a major overhaul since 2021, when the company launched its Century Vision approach for strategic growth. Among the many goals is building a robust consumer insights ecosystem by 2027 that will allow the company to quickly adapt to changing shopping behavior and trends, remaining relevant and timely with consumers.

To do so, the company first needed to establish a consumer insights division, tapping two experts to lead the charge: Megan Battig, senior consumer insights manager, and Jorge Calvachi, director of consumer insights. They created a growth learning plan, identifying a strategy to learn who the consumer is, what they want, and how they shop.

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IKEA announces $2.2 billion investment to reach more consumers in the U.S.

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27 April, 2023

Most consumers know IKEA for their giant stores, cafeteria snacks, and furniture that can be difficult to put together.

Now, the Swedish company will invest $2.2 billion into generating more business in the United States – the biggest investment since it started operating in the U.S. nearly 40 years ago. The goal of the investment is to make it easier for shoppers in the U.S. to get deliveries from IKEA, open more stores across the country, and offer home decor and goods at a price point that’s friendly for more customers.

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Flexsteel Industries (NASDAQ:FLXS) Now Covered by StockNews.com

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27 April, 2023

StockNews.com began coverage on shares of Flexsteel Industries (NASDAQ:FLXS) in a report released on Thursday. The brokerage set a “buy” rating on the stock.

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Comerica Bank Trims Stake in La-Z-Boy Incorporated (NYSE:LZB)

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26 April, 2023

Comerica Bank cut its stake in shares of La-Z-Boy Incorporated (NYSE:LZB) by 22.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,113 shares of the company’s stock after selling 7,670 shares during the period. Comerica Bank owned approximately 0.06% of La-Z-Boy worth $695,000 as of its most recent SEC filing.

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Tony Brown remembered for Bisley success

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26 April, 2023

TONY Brown, the chairman and owner of home office and workplace furniture manufacturer Bisley, has died at the age of 86.

Bisley’s website paid tribute to Mr Brown as “a remarkable person of great integrity, who built the hugely successful manufacturing businesses on a foundation of hard work and investment, coupled with enormous respect and care for the some 1,000 people he ultimately employed

Comerica Bank Reduces Stake in La-Z-Boy by 22.7%

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26 April, 2023

Comerica Bank has announced a 22.7% reduction in its stake in shares of La-Z-Boy Incorporated (NYSE:LZB). The holding was cut to 26,113 shares from the initial purchase of 33,783. The move was made during the fourth quarter of the company, which ended on December 31st, 2020, and was detailed in its latest filing with the Securities & Exchange Commission (SEC). According to the same document, Comerica Bank owned approximately 0.06% of La-Z-Boy worth $695,000 as of its most recent SEC filing.

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A week after MillerKnoll drama, a new study shows Americans want brands to ‘fess up

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26 April, 2023

ZEELAND — In the wake of controversy at MillerKnoll, a new study shows Americans “want brands to fess up when they’ve messed up.”

The study comes from Attest, a consumer research platform based in London and New York. The total sample size included 2,000 working-age consumers in the U.S. The survey concluded February 15.

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Brant Basics welcomes TCB customers to downtown Peterborough store

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24 April, 2023

Brant Basics is growing! Brant is working with the owners of TCB Office Furniture and Supplies to look after their Peterborough clients.

Katrina Favron from TCB has joined the Brant team. TCB closed its Peterborough store in March after 12 years of doing business locally.

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Staples Canada provides updates on goals for a greener future

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24 April, 2023

RICHMOND HILL, ON, April 24, 2023 /CNW/ – As a planet passionate organization, Staples Canada continues to raise the bar on providing sustainable solutions which helps Canadians make more environmentally conscious choices, including an assortment of over 2,500 eco-friendly products. The Working and Learning Company is committed to achieving its bold goals set in 2020 to foster a greener future – including continued investment in energy efficiency, waste diversion and recycling programs which help reduce our collective environmental impact, improving sustainability in our communities.

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Steelcase Inc. – Consensus ‘Hold’ rating and 31.4% Upside Potential

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23 April, 2023

Steelcase Inc. (SCS) have now 2 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 12 and 9.6 calculating the mean target price we have $10.80.

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