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Slide #72. La-Z-Boy Incorporated — Three La-Z-Boy Furniture Galleries Stores
La-Z-Boy Incorporated (NYSE:LZB)
Three La-Z-Boy Furniture Galleries Stores
La-Z-Boy Incorporated (NYSE: LZB) today announced it intends to acquire three La-Z-Boy Furniture Galleries stores located in the Las Vegas, NV market, with combined revenue of approximately $11 million. Included in the transaction are two stores in Las Vegas and one in Henderson.
La-Z-Boy manufactures, markets, imports, exports, distributes and retails upholstery furniture products. In addition, Co. imports, distributes and retails accessories and casegoods (wood) furniture products. Co.'s reportable operating segments are: Upholstery, which manufactures and imports upholstered furniture such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans and sleeper sofas; Casegoods, which imports, markets, and distributes casegoods (wood) furniture as well as manufactures some custom upholstered furniture; and Retail, which sells upholstered furniture, in addition to some casegoods and other accessories.
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Hold (2.33 out of 4)