La-Z-Boy Inc. is a powerhouse in the upholstery furniture industry with a global reach. The company is engaged in the manufacturing, marketing, importing, exporting, distribution, and retailing of upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. With a business model that can be broken down into four distinct segments, the company manages to capture a large market share while maintaining quality products. The Wholesale segment is responsible for the manufacturing and importing of upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas. In addition, they also import, distribute, and retail casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, and entertainment centers. This segment focuses on selling directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Retail segment is responsible for selling upholstered furniture, casegoods, and other accessories directly to end consumers through its retail network. This segment operates a network of 161 company-owned La-Z-Boy Furniture Galleries stores. The company also produces reclining chairs and distributes residential furniture. The Corporate and Other segment sells the products via its website. Founded in 1927 and currently based in Monroe, Mich., La-Z-Boy Incorporated was formerly known as La-Z-Boy Chair Company, and changed its name to La-Z-Boy Incorporated in 1996. With a strong reputation for quality across a wide range of products, La-Z-Boy Inc. is a force to be reckoned with in the furniture industry.
La-Z-Boy's ticker is LZB
The company's shares trade on the NYSE stock exchange
They are based in Monroe, Michigan
There are 5001-10,000 employees working at La-Z-Boy
It is la-z-boy.com
La-Z-Boy is in the Consumer Goods sector
La-Z-Boy is in the Home Furnishings & Fixtures industry
The following five companies are La-Z-Boy's industry peers: