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The
Wholesale segment includes England, La-Z-Boy, American Drew, Hammary, Kincaid and the company's international wholesale and manufacturing businesses. The company-owned Retail segment includes approximately 165 La-Z-Boy Furniture Galleries stores out of about 350. Joybird is an e-commerce retailer
473:
Late in 2006, La-Z-Boy had 7,000 employees, down from 13,000 six years earlier. The company began working on its image, telling consumers the company offered more than recliners. The company reduced its warehouses from twelve to five and announced plans to add 50 New
Generation stores to the 334 the
453:
On July 23, 2001, La-Z-Boy announced the LADD name would cease to exist. John J. Case, president of La-Z-Boy
Residential, moved to head the new La-Z-Boy upholstery group, which included Bauhaus, Centurion, Clayton Marcus, England, HickoryMark, La-Z-Boy, Sam Moore and La-Z-Boy Contract Furniture. Don
457:
Competition from China hurt many
American furniture makers, and particularly La-Z-Boy's strategy of buying LADD to improve its casegoods position. In 2005, La-Z-Boy chairman Pat Norton called the LADD deal "the biggest mistake that I have ever made in the furniture industry." Pilliod was the first
372:
In 1969, after years primarily as a manufacturer of recliners, La-Z-Boy started designing other products including reclining sofas, sleep sofas and modular groups. 1981 sales were $ 150 million. In 1983, La-Z-Boy introduced its first line of stationary sofas and occasional chairs, later offering a
310:
residential outlets in the United States and Canada and is manufactured and distributed under license in other countries including the United
Kingdom, Australia, Germany, Indonesia, Italy, Japan, Mexico, New Zealand, Turkey, South Africa, Kuwait and Qatar. La-Z-Boy holds US and international
458:
LADD division sold, to
Michels & Co. in December 2001. Barclay was closed. American of Martinsville was sold to Hancock Park Associates in November 2006. Sixteen of the former LADD plants had been sold or closed. On September 6, 2007, La-Z-Boy announced the sale of Pennsylvania House to
490:, New Zealand, founded by Jack Morgan, commenced manufacture of the La-Z-Boy recliner for Australia and New Zealand. In September 2007 his son Graham Morgan announced that the company was to import the furniture from China and Thailand with the loss of around 200
442:. In September 1999, La-Z-Boy, at the time the largest American upholstered furniture manufacturer, bought LADD, the seventh-largest American furniture maker, for $ 197.8 million in stock and $ 101.5 million in assumed debt. Saul Cutler of
359:
In 1927, cousins Edward M. Knabusch and Edwin J. Shoemaker partnered and invested in the furniture business in the town of Monroe, Michigan. They set out to design a chair for what they called "nature’s way of relaxing." Using orange
364:
to mock-up and refine their idea, they invented a wood-slat porch chair with a reclining mechanism. Knabusch and
Shoemaker then upholstered their innovation and marketed it as a year-round chair. The chair was a success; they held a
466:
affiliate
Lexington-Rowe, leaving only American Drew and Lea among the LADD divisions. Also sold was the Sam Moore division, in February 2007 to Hooker Furniture. La-Z-Boy was still number three, with $ 1.5 billion in shipments.
454:
L. Mitchell, who headed the LADD casegoods group, would take the same job at the La-Z-Boy casegoods group, including
Alexvale, American Drew, Hammary, Kincaid, Lea, Pennsylvania House, Pilliod and American of Martinsville.
401:
in 1981. LADD, whose name came from the three companies, began trading publicly in 1982. LADD was the third-largest
American maker of furniture for homes, with over $ 600 million in sales, when it bought six
477:
Late in 2014, La-Z-Boy announced the closing of Lea after an unsuccessful attempt to find someone to buy the company. The High Point office would continue operations for American Drew, Hammary, and Kincaid.
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said the deal "sets up La-Z-Boy as an industry behemoth." The deal, approved in January 2000, gave La-Z-Boy $ 2 billion in sales and made it one of the country's two largest furniture makers,
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in November 1997, becoming the first company to locate its headquarters there. At the time it was the fifth-largest American furniture maker, with $ 500 million in sales, and the brands
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Richard Craver, "The End of an Era: Furniture Manufacturing in the Triad Has Suffered Thousands of Job Losses in Face of Rising Tide of Imports,"
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In November 2006, High Point offered $ 600,000 to the La-Z-Boy division that was formerly LADD to move its headquarters back.
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Mark Binker,"LADD Takes La-Z-Boy Name: Former LADD Companies Will Now Work Under One of Two La-Z-Boy Divisions,"
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601:"La-Z-Boy Feels Energetic about Future: Company Is Restructuring to Return the Brand to Profitability,"
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Richard Craver, "Sun Gets New Deal: La-Z-Boy to Sell Clayton Marcus to Lexington-Rowe,"
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Richard R. Allen, Don A. Hunziker and William O. Fenn borrowed $ 70 million to buy
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287:(pronounced "lazy boy") is an American furniture manufacturer based in
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La-Z-Boy Furniture Gallery on Rte. 1 in Saugus, Massachusetts, in 2001
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291:, United States, that makes home furniture, including upholstered
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Fran Daniel, "Restructuring of La-Z-Boy Creates Two New Groups,"
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company already had; half of those used the new format already.
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David Mildenberg, LADD's Plant-Closing to Eliminate 240 Jobs,"
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755:"La-Z-Boy to close down Lea Industries, sell off inventory"
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Sue Schultz, "La-Z-Boy gets incentive from High Point,"
462:. Later that month came the sale of Clayton Marcus to
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647:Scott Andron, "LADD Celebrates New Headquarters,"
315:on more than 200 different styles and mechanisms.
1037:Sisters, Servants of the Immaculate Heart of Mary
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1155:Companies listed on the New York Stock Exchange
406:businesses in 1990. LADD Industries moved from
303:. The company employs more than 11,000 people.
883:East Elm–North Macomb Street Historic District
381:The LADD Furniture deal, decline, and recovery
842:
780:
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1145:Manufacturing companies established in 1927
1001:George Armstrong Custer Equestrian Monument
899:St. Mary's Church Complex Historic District
872:Detroit River International Wildlife Refuge
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319:and manufacturer of upholstered furniture.
932:Monroe County Intermediate School District
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835:
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1130:Manufacturing companies based in Michigan
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578:"Our History – Official La-Z-Boy Website"
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1125:Furniture companies of the United States
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336:A location at the Savi Ranch Center in
1140:American companies established in 1927
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1017:River Raisin National Battlefield Park
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180:Melinda Whittington, President and CEO
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753:Arcieri, Katie (September 12, 2014).
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781:Taylor, Cliff (September 16, 2007).
662:"La-Z-Boy to Acquire Ladd Furniture"
369:to name it—La-Z-Boy was the winner.
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188:Upholstered furniture and casegoods
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937:Monroe County Community College
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448:Furniture Brands International
306:La-Z-Boy furniture is sold in
256:England Furniture Incorporated
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1011:Navarre–Anderson Trading Post
878:Old Village Historic District
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486:In 1970, Morgan Furniture of
927:St. Mary Catholic Central HS
741:Greensboro News & Record
730:, September 14, 2007, p. B6.
649:Greensboro News & Record
636:Greensboro News & Record
622:Greensboro News & Record
355:La-Z-Boy in Markham, Ontario
295:, sofas, stationary chairs,
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638:, February 21, 1990, p. A8.
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82:; 97 years ago
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1042:Weis Manufacturing Company
955:(moved to Detroit in 1927)
783:"La-Z-Boy shifts to China"
743:, November 7, 2006, p. B2.
651:, December 5, 1997, p. B8.
559:December 27, 2010, at the
416:Greensboro, North Carolina
408:High Point, North Carolina
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16:American furniture company
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714:, October 9, 2005, p. D1.
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959:Hall of the Divine Child
698:, August 2, 2001, p. D1.
424:American of Martinsville
235:US$ 1.79 billion (2021)
201:US$ 1.73 billion (2021)
1073:Monroe Bank & Trust
625:, July 24, 2001, p. B7.
399:Sperry & Hutchinson
788:The New Zealand Herald
760:Triad Business Journal
482:Licensed manufacturers
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915:Monroe Public Schools
728:Winston-Salem Journal
712:Winston-Salem Journal
695:Winston-Salem Journal
603:Winston-Salem Journal
531:La-Z-Boy Incorporated
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674:. September 30, 1999
527:"Annual Report 2020"
494:manufacturing jobs.
893:Sterling State Park
460:Universal Furniture
241:Number of employees
121:531 (31. June 2022)
117:Number of locations
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1078:Monroe Power Plant
1022:Rudolph Nims House
533:. Monroe, Michigan
436:Pennsylvania House
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1052:Woodland Cemetery
1047:Wing–Allore House
985:Lake Erie Transit
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667:Los Angeles Times
450:being the other.
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373:full line of
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328:Early history
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301:sleeper sofas
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285:La-Z-Boy Inc.
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1027:Sawyer House
888:River Raisin
792:. Retrieved
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764:. Retrieved
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504:Barcalounger
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251:Subsidiaries
225:Total assets
167:South Africa
105:Headquarters
36:Company type
18:
1013:(relocated)
794:October 13,
678:October 26,
464:Sun Capital
444:BDO Seidman
338:Yorba Linda
297:lift chairs
161:New Zealand
127:Area served
60:S&P 600
1119:Categories
766:October 1,
510:References
208:Net income
176:Key people
1094:WERW (FM)
994:Landmarks
920:Monroe HS
908:Education
895:(portion)
874:(portion)
584:April 28,
412:Grandover
293:recliners
269:.la-z-boy
149:Indonesia
140:Australia
71:Furniture
62:component
46:Traded as
1068:La-Z-Boy
557:Archived
537:June 29,
498:See also
492:Auckland
488:Takapuna
395:Daystrom
185:Products
95:Founders
67:Industry
1061:Economy
440:Pilliod
434:, Lea,
428:Barclay
367:contest
323:History
313:patents
262:Website
193:Revenue
146:Germany
85: (
77:Founded
54::
946:Former
404:Maytag
362:crates
308:retail
164:Turkey
158:Mexico
137:Canada
111:, U.S.
39:Public
1087:Media
865:Areas
397:from
155:Japan
152:Italy
1104:WRDT
1099:WMIM
796:2011
768:2014
680:2012
586:2012
539:2021
438:and
393:and
299:and
271:.com
87:1927
80:1927
52:NYSE
414:in
410:to
387:Lea
267:www
56:LZB
1121::
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719:^
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377:.
850:e
843:t
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682:.
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89:)
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