La-Z-Boy Inc. (LAZ)

Overview

La-Z-Boy Incorporated, with a rich history since its inception in 1927, stands as a prominent entity in the furniture manufacturing and retail industry. Initially known as La-Z-Boy Chair Company, it rebranded to La-Z-Boy Incorporated in 1996, signifying a broadened scope beyond chairs. Based in Monroe, Michigan, La-Z-Boy caters to a diversified market spanning the United States, Canada, and several international territories. The company's operations are segmented into Wholesale, Retail, Corporate and Other sections, enabling a comprehensive approach to manufacturing, distributing, and retailing a wide assortment of furniture products. La-Z-Boy is renowned for its innovative designs and quality craftsmanship, specializing in upholstery furniture, accessories, and casegoods furniture products.

Products and Services

• Upholstered Furniture:

  This category encompasses a variety of comfortably designed products such as recliners, motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas. La-Z-Boy's upholstered furniture is recognized for its quality, comfort, and durability, catering to diverse customer preferences and living spaces.

• Casegoods Furniture:

  La-Z-Boy's casegoods product line extends to wood-based furniture, featuring occasional pieces, bedroom sets, dining room sets, entertainment centers, and diverse occasional pieces. These products are distinguished by their craftsmanship and design, bringing elegance and functionality to any room.

• Reclining Chairs:

  Identified as one of La-Z-Boy’s signature products, reclining chairs have become synonymous with the brand, offering unparalleled comfort and innovation. These chairs are crafted to provide optimal relaxation and are available in various styles to suit individual needs and preferences.

• Residential Furniture:

  The company also produces a broad spectrum of residential furniture, encompassing both upholstered items and casegoods. This range is designed to cater to the holistic needs of home furnishings, blending style, comfort, and utility.

• Online Retail:

  Through its Corporate and Other segment, La-Z-Boy leverages digital platforms to sell its products. The company's website serves as a direct-to-consumer portal, offering easy access to its wide range of furniture products, enhancing customer convenience and expanding its market reach.