Posts

Accounting expert named CFO of La-Z-Boy affiliated store chain

2 December, 2022

CHARLOTTE, N.C. — Tipperary Sales, a La-Z-Boy home furnishings dealer, appointed Heather Morin as the company’s CFO.

“The Tipperary CFO role is a high-level strategic partnership serving with the CEO and leadership team to further the mission of the company,” said Martha Brown, CEO of Tipperary Sales. “In this role, Ms. Morin will manage financial elements of the company while also collaborating with key executives on initiatives that better support business operations and growth for the next iteration of company success.”

Morin, a CPA, brings more than 20 years of public accounting and consulting expertise to Tipperary. Most recently with the accounting firm, Cherry Bekaert, Morin is a graduate of Augusta University with an MBA and a Bachelor of Business in Accounting. Morin will remain in Augusta, working from the company’s business services office.

 

 

 

La-Z-Boy holds groundbreaking for two-year, $30 million investment in Neosho campus

Thursday, 12 August, 2021

On Aug. 11, leadership from the project and development teams, La-Z-Boy Midwest and corporate gathered at the 550,000 sq. ft. Neosho campus for the official groundbreaking of massive improvements to the facility.

About a year and a half ago, La-Z-Boy, the Michigan based furniture company that has been in Neosho since 1969, announced the closures of all U.S. manufacturing facilities while furloughing 6,800 employees total, or 70 percent of its global workforce.

 

 

La-Z-Boy store donates gently used furniture to rescue mission

Thursday, 12 August, 2021

A local nonprofit has received a major donation.

The La-Z-Boy Home Furnishings store in Asheville donated 60 pieces of gently used furniture to Western Carolina Rescue Mission on Wednesday, Aug. 11.

La-Z-Boy collected that furniture during its biannual trade-in sale.

 

La-Z-Boy Southeast Receives National Honors and Recognition

Tuesday, 13 July, 2021

CHARLOTTE, N.C.July 13, 2021 /PRNewswire/ — Tipperary Sales, d.b.a. La-Z-Boy Southeast, recently received a bevy of national acknowledgements from national trade publication, Furniture Today, and La-Z-Boy, Inc.

No. 96 in Furniture Today’s 38th Annual “Top 100 U.S. Furniture Stores 2021”
Tipperary Sales is recognized as No. 96 in Furniture Today’s 38th annual “Top 100 U.S. Furniture Stores” exclusive list with annual sales of $48.9M.

La-Z-Boy plans plant expansion, request of tax breaks

Thursday, 22 June, 2021

NEOSHO, Mo. — Officials with La-Z-Boy Inc. plan on expanding the company’s Neosho plant and will request tax breaks to help pay for the new construction.

The Neosho Board of Education on Monday gave approval for Superintendent Jim Cummins to vote in favor of the tax breaks when the city’s Enhanced Enterprise Zone Committee meets and discusses the matter. That meeting has been set for July 20.

According to documentation from Grow Neosho provided to board members, La-Z-Boy has planned a $29.8 million construction project for its plant at 4301 Howard Bush Drive.

La-Z-Boy annual, quarterly profits surge

Wednesday, 16 June, 2021

MONROE — La-Z-Boy Inc., one of the nation’s leading furniture makers, on Tuesday reported a fiscal 2021 profit of $106.5 million, or $2.30 a share, as it began restarting then expanding its manufacturing operations to meet increasing demand across all of its business units.

Sales for fiscal 2021 totaled $1.73 billion, compared with $1.704 billion in fiscal 2020. Its fiscal 2020 profit was $77.5 million, or $1.66 a share.

La-Z-Boy inks long-term renewable energy deal with AEP Energy Partners

Thursday, 22 April, 2021

  • La-Z-Boy (LZB -0.5%) finalized a 10-year resource-backed virtual power purchase agreement extending through the end of 2030, with AEP Energy Partners, energy subsidiary of American Electric Power.
  • The company’s VPPA will support ~70K MWh of renewable energy annually, from AEP’s principally owned Santa Rita East wind energy center in Irion County, Texas, throughout the agreement term.
  • La-Z-Boy will receive renewable energy certificates equivalent to ~16 MW of wind power capacity representing more than 90% of its current total annual domestic energy consumption.

Furniture sales still down at La-Z-Boy, but recovery is likely

Thursday, 25 March, 2021

Residential furniture giant La-Z-Boy reported third-quarter sales of $470.1 million, a 1.2 percent decline over the same period last year. The company’s net income for the quarter fell to $29.2 million from $34.5 million.

The company’s wholesale segment decreased to $350.7 million from $364.8 million. Its retail segment sales were $165.9 million from $167.4 million.

La-Z-Boy Announces Changes to Legal and Finance Teams

Thursday, 18 February 2021

MONROE, Mich., Feb. 18, 2021 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Raphael Richmond, Senior Director of Corporate Compliance and Employment Law, will succeed Stephen K. Krull as Vice President and General Counsel, effective April 25, 2021, concurrent with the company’s new fiscal year. She will also hold the role of Chief Compliance Officer. In a related move, Uzma Ahmad, Senior Director of Corporate Law and Assistant Secretary, has been appointed Vice President, Deputy General Counsel and Corporate Secretary, also effective on April 25, 2021. Krull previously announced his retirement and will work with Richmond and Ahmad to ensure a smooth transition.

Hackett joins La-Z-Boy board of directors

Friday, 12 February 2021

MONROE, Mich. – James B. Hackett has been named to the board of directors of La-Z-Boy. He will serve on the Audit and the Nominating and Governance committees. The appointment expands the board to 10 members.