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La-Z-Boy Bucks Trend With Expanding Stores

The slumping housing market is still having its way with the furniture business, but La-Z-Boy seems to be outsmarting the prolonged downturn. While the retailer’s overall sales were flat in the fourth quarter at $570 million, sales in its retail segment increased 11%. That came from an aggressive retail move: adding four new stores. With 230 of the fleet now company-owned — about 60% of the store total — the company was able to deliver a sharp jump in profits. 

“We continue to drive our own momentum and are playing offense, led by our retail business expansion through new stores, acquisition of independent stores, and delighting consumers across our network,” said Melinda D. Whittington, board chair, president and CEO of the Monroe, Michigan-based company.

Industry research seems to confirm that La-Z-Boy’s investment in store expansion is a smart one. A recent survey from the Home Furnishings Association, which included 9,000 consumers, reveals that customers increasingly find furniture inspiration online, and the need for hands-on interaction is growing.

La-Z-Boy Bucks Trend With Expanding Stores 06/18/2026

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