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La-Z-Boy ramps production to shorten up to 9-month lead times

Dive Brief:

  • La-Z-Boy is working to cut down “unprecedented” lead times of five to nine months by increasing production capacity “as quickly as possible,” CEO Kurt Darrow said on an earnings call this month.
  • The company said it is communicating
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La-Z-Boy’s CFO Prepares to Become CEO Amid Surge in Furniture Buying

La-Z-Boy Inc.’s finance chief is preparing to take the furniture maker’s helm as the company confronts a surge in demand and faces longer-term questions on how it will continue growing after the pandemic home-improvement craze ends.

The Monroe, Mich.-based … Read more

La-Z-Boy keeps adapting

MONROE, Mich. – La-Z-Boy’s recently announced fiscal third-quarter results again painted a picture of the opportunities and challenges facing the furniture industry as a whole.

In a conference call with analysts and a follow-up interview with Furniture Today, outgoing CEO … Read more

La-Z-Boy Foundation makes $100,000 donation to United Way

The La-Z-Boy Foundation has increased its campaign contribution to the United Way of  Monroe/Lenawee Counties; with this year’s donation to be $100,000.

This is in support of the 2020-21 United Way annual fundraising campaign, with the money meant to help … Read more

Mathis Brothers Sleep Center, La-Z-Boy and Ashley Furniture coming to former Shawnee JCPenney site

Mathis Brothers is headed to Shawnee with three of its retail concepts in one place: Mathis Sleep Center, Ashley Furniture and a La-Z-Boy store, all in the former J.C. Penney at Shawnee Mall.

The stores should open in spring or … Read more

Can Mixed Fundamentals Have A Negative Impact on La-Z-Boy Incorporated (NYSE:LZB) Current Share Price Momentum?

La-Z-Boy’s (NYSE:LZB) stock is up by a considerable 16% over the past three months. However, we wonder if the company’s inconsistent financials would have any adverse impact on the current share price momentum. Specifically, we decided to study La-Z-Boy’s ROE … Read more

La-Z-Boy Announces Fiscal 2021 Second-Quarter Conference Call

La-Z-Boy Incorporated (NYSE: LZB) will report its fiscal 2021 second-quarter results after the close of trading on the New York Stock Exchange on Tuesday, November 17, 2020, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time … Read more

La-z-boy Inc (LZB) Chairman, President & CEO Kurt L Darrow Sold $1.5 million of Shares

La-Z-Boy Inc through its subsidiaries manufactures, markets, imports, distributes and retails upholstery furniture products. In addition, it imports, distributes and retails accessories and wood furniture products. La-Z-Boy Inc has a market cap of $1.64 billion; its shares were traded at … Read more

La-Z-Boy Receives 2020 ASCM Award of Excellence for Making an Impact Through the Supply Chain

MONROE, Mich., Sept. 30, 2020 (GLOBE NEWSWIRE) — La-Z-Boy today announced it is the recipient of the 2020 Award of Excellence – Making an Impact from the Association for Supply Chain Management (ASCM), the global leader in supply chain learning, … Read more

La-Z-Boy completes Seattle stores acquisition

MONROE, Mich. — La-Z-Boy Inc. has completed its previously announced asset acquisition of the Seattle business that operated six independently owned La-Z-Boy Furniture Galleries stores, with approximately $30 million in annual retail volume in calendar 2019, and one warehouse.

Terms … Read more