La-Z-Boy

La-Z-Boy is one of those brand names that everyone recognizes. After all, it's one of the most successful companies in the world. La-Z-Boy Inc. is an American furniture company established in Monroe, Michigan, that creates leather recliners, sofas, stationary chairs, lift chairs, and sleeper couches, among other things. The moniker La-Z-Boy has existed for almost a hundred years, and the brand has gone a long way in its century of existence. Each decade had a significant impact on the creation and evolution of La-Z-Boy into the company it is today.

La-Z-Boy furniture is sold in tens of thousands of retail locations in the United States and Canada, as well as in Great Britain, Mexico, Australia, New Zealand, Germany, Japan, Indonesia, Italy, Turkey, and South Africa, where it is produced and marketed under license. This firm has more than 200 various styles and systems covered by the United States and international patents.

The Upholstery Group, Casegoods Group, and Retail Group are the three reportable operating segments of La-Z-Boy Incorporated. Upholstered furniture is manufactured and sold mainly to furniture shops and private stores by the Upholstery Group. This contains recliners and motion furniture from throughout the world and sofas, lift chairs, loveseats, chairs, ottomans, and sleeper couches. The Casegoods Group primarily sells tables, chairs, entertainment centers, headboards, dressers, accent pieces, and some coordinated upholstered items to furniture retail outlets. The Retail Group operates 70 company-owned stores across the United States, mainly providing furniture pieces to end-users via their retail network. You can always buy their products here at Interiorbeat.

Cousins Edward Knabusch and Edwin Shoemaker collaborated and ventured into the furniture company in Monroe, Michigan, in 1927. They set out to build a chair for "nature's method of relaxing," as they put it. They created a wood-slat patio chair with a tilting mechanism using orange boxes to mock-up and improve their concept. After that, Knabusch and Shoemaker upholstered their creation and sold it as a year-round armchair. They recognized they needed a memorable name as their unique chair grew in popularity. The cushioned wood slate foldable chair, after all, is a mouthful. The cousins agreed to run a contest among the factory workers to come up with a name. Employees submitted name choices, which were then voted on before the winner was chosen and sent to print. "Sit N Snooze," "Comfort Carrier," and "Slack Back" were just a few of the fantastic suggestions. Finally, the well-known brand "La-Z-Boy" emerged victoriously. It wowed customers back in the day, and it still does now.

After years of focusing on recliners, La-Z-Boy expanded its product portfolio to include reclining sofas, sleeper couches, and modular groups in 1969. In 1983, La-Z-Boy released its first range of stationary couches and occasional chairs, eventually expanding to a comprehensive home furniture line.

In September 1999, La-Z-Boy, the most prominent American upholstered furniture producer at the time, paid over $300 million for LADD, the 7th largest American furniture company. La-Z-Boy has undoubtedly become even more of an industrial powerhouse as a result of this transaction. The agreement, which was authorized in January 2000, increased La-Z-Boy's revenue to $2 billion and made it one of the country's largest furniture manufacturers. However, many American furniture manufacturers were harmed by Chinese competition, notably La-Z-Boy's acquisition of LADD to strengthen its case goods position. The LADD transaction was dubbed "the worst error I have ever committed in the furniture business" by La-Z-Boy chairman Pat Norton in 2005. The LADD acquisition appeared to be a disaster since the umbrella's brands failed or were sold. Sixteen former LADD factories had also been sold or shut down. Despite this, La-Z-Boy remained the country's third-largest furniture producer, with $1.5 billion in exports.

La-Z-Boy had 7000 people in late 2006, dropping from 13,000 six years prior. The brand tried to augment its reputation by informing customers that it supplied more than just chairs. The company cut its facilities from twelve to five and declared intentions to add 50 Nextgen outlets to its existing 334. La-Z-Boy made a resurgence recently and announced in July 2018 that it was acquiring home furnishings business Joybird.

La-Z-Boy Residential, La-Z-Boy Kids, La-Z-Boy Hospitality, Lea Furniture, American Drew, Kincaid Furniture, Bauhaus USA Furniture, Hammary Furniture, and England Furniture Incorporated are all part of the La-Z-Boy family of companies today. The company now employs over 11,000 people and makes a whopping 1.7 billion dollars in annual revenue. Despite its roller-coaster journey, it still is one of America's greatest success stories.

Where to buy La-Z-Boy

Why buy La-Z-Boy

  • If you're looking for recliners or reclining sofas, they are an excellent choice as they pioneered the very creation of it.
  • La-Z-Boy has over 200 patents under its name, so you can rest assured they're continuously developing.
  • La-Z-Boy has excellent environmental protection initiatives.
  • This company has received hundreds of awards literally since its inception.
  • They have close to one hundred years of manufacturing experience.
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