Tag Archives: La-Z-Boy

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 »

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 »

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 »

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 »

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 »

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 »

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 »

La-Z-Boy Net More Than Doubles in Q1

La-Z-Boy

MONROE, Mich.-With positive numbers flowing in terms of both sales and margins, La-Z-Boy delivered a 118.1 percent increase in net income in its first fiscal quarter, to $9.6 million. Net sales gained 5.8 percent, totaling $318.9 million, in the quarter which ended on July 27. This included gains of 7 percent in sales in theMore »