La-Z-Boy Inc. - LZB- Profile

La-Z-Boy Incorporated. The Group's principal activities are to manufacture and market furniture. It operates in 3 segments namely, Upholstery Group, Casegoods Group and Retail Group. The Upholstery Group manufactures and markets upholstered furniture to retailers. The products include recliners and motion furniture, loveseats, chairs, ottomans and sleeper sofas. The Casegoods Group sells manufactured or imported hardwood or hardwood veneer furniture to furniture retailers and the hospitality industry. The Retail Group sells upholstered furniture to end consumers through the retail network. The products include tables, chairs, entertainment centers, headboards, dressers, and accent pieces. Most of these imports are from the Far East. As on 20-Oct-2005, it operates 63 stand-alone La-Z-Boy Furniture Galleries(R) stores and 340 La-Z-Boy In-Store Galleries. It operates in the United States and Canada. On 19-Feb-2005, it acquired 13 stores of Chicagoland area La-Z-Boy Furniture Galleries. Upholstery Group accounted for 67% of fis 2006 gross revenues; Casegoods Group, 22% and Retail Group, 11%