Tag Archives: La-Z-Boy

Sales Gains Propel La-Z-Boy Q2 Net

La-Z-Boy

MONROE, Mich.-La-Z-Boy reported a second-quarter income boost of 16.6 percent, to $19.5 million, as sales increases from two of its key segments helped fuel its bottom line. Overall net sales were up 3.8 percent to $365.6 million in the quarter, which ended on Oct. 25. Sales in the upholstery segment rose 3.6 percent, while casegoodsMore »

Last updated: November 19, 2014

La-Z-Boy Names Collier and Edwards as Executive Officers

La-Z-Boy

MONROE, Mich.–La-Z-Boy today announced the appointments of two executive officers: Doug Collier has been named senior vice president of La-Z-Boy Incorporated; and Darrell Edwards has been named senior vice president of La-Z-Boy Incorporated and chief supply chain officer. Collier retains the titles of chief marketing officer and president, international; Edwards was senior vice president, operations,More »

Last updated: September 10, 2014

La-Z-Boy Net Climbs 36.4 Percent in Q1

La-Z-Boy

MONROE, Mich.-Thanks to upward moves in both sales and margins, La-Z-Boy posted a 36.5 percent increase in net income, to $13.1 million, in its fiscal first quarter ending on July 26. Net sales gained 7 percent to $327 million, fueled by sales increases in both its wholesale and retail segments. In the wholesale segment, salesMore »

Last updated: August 20, 2014

King Upped to Lead La-Z-Boy Retail Segment

La-Z-Boy

MONROE, Mich.-La-Z-Boy has promoted Daniel King to president of its retail segment. In his new role, King will oversee all facets of the company-owned La-Z-Boy Furniture Galleries, including sales, store operations, training and merchandising. He reports to Mark Bacon, senior vice president and president of the company’s branded business. King has been leading the retailMore »

Last updated: July 10, 2014

La-Z-Boy Net Falls in Q4, Gains for FY

La-Z-Boy

MONROE, Mich.-La-Z-Boy posted fourth-quarter net income of $12.2 million, down 33.1 percent from the fourth quarter of last year. This brought net income for the full fiscal year ending on April 26 to $55.1 million, an increase of 18.7 percent. Net sales in the quarter were up 2.1 percent to $353 million, bringing net salesMore »

Last updated: June 18, 2014

Bassett to Expand Motion Offerings, Hires Dobkins

Kent Dobkins

BASSETT, Va.–Bassett Furniture said it will push forward in the motion upholstery category with the company’s new Bassett Motion Xpress program, debuting at the High Point Market, April 5-10. The program features eight new styles, each with multiple cover options. Bassett has produced selected items in the motion category for a number of years, butMore »

Last updated: April 4, 2014

La-Z-Boy to Sell Bauhaus USA to Investors

La-Z-Boy

MONROE, Mich.-La-Z-Boy has signed an agreement to sell Bauhaus USA, an operating company within its upholstery segment, to an investor group led by Britt Allred, Bauhaus’ president. Terms of the transaction were not disclosed. The deal is expected to close in the 2014 fiscal fourth quarter. Based in Saltillo, Miss., Bauhaus offers contemporary sofas, sectionalsMore »

Last updated: February 14, 2014

La-Z-Boy Net Jumps 153 Percent in Q2

La-Z-Boy

MONROE, Mich.-With sales and operating margins from its two segments making significant gains, La-Z-Boy posted net income of $16.7 million in its second quarter, up 153 percent from the second quarter of last year. Total company net sales climbed 13.7 percent to $366.4 million in the quarter, which ended on Oct. 26. This included aMore »

Last updated: November 20, 2013