Tag Archives: La-Z-Boy Furniture Galleries

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 »

La-Z-Boy to Acquire Two La-Z-Boy Furniture Galleries in Ohio

La-Z-Boy

MONROE, Mich.-La-Z-Boy will swing a deal to purchase two La-Z-Boy Furniture Galleries in the area of Youngstown, Ohio. The two stores, in the communities of Boardman and Howland, Ohio, account for combined annual revenue of about $6.5 million. They are owned by independent dealers Ron and Marisa D’Alesandro, who are retiring. Terms of the transactionMore »