La-Z-Boy Inc. (LZB) is a globally recognized residential furniture producer and retailer, popularly known for its innovative design and quality in the furniture industry. The company is well-loved and respected for its iconic namesake product – the La-Z-Boy recliner. Over the years, La-Z-Boy has considerably expanded its product line beyond recliners to include a broad range of home and office furnishings.
Founded in 1927 and headquartered in Monroe, Michigan, La-Z-Boy has a rich history that is deeply rooted in craftsmanship, comfort, innovation, and value. The brand's commitment to these principles has remained steadfast throughout the company's almost a century-long journey.
The company operates under three business segments: upholstery furniture, casegoods group, and retail business. The upholstery segment provides a range of recliners, sofas, loveseats, chairs, and ottomans. The casegoods group comprises bedroom sets, dining room sets, and certain coordinated upholstered furniture. The retail segment comprises company-owned La-Z-Boy Furniture Galleries® stores and La-Z-Boy Comfort Studio® locations. All these segments aim to provide comfortable, well designed, and durably constructed furnishing products that meet various consumer needs.
Moreover, aside from the emphasis on comfort and design, La-Z-Boy is also dedicated to sustainable business practices. The company is committed to environmental stewardship, social responsibility, and corporate transparency in all its operations. These values are integrated into their business strategy and ensure an efficient, healthy, and sustainable operation, making La-Z-Boy a preferred choice among eco-conscious consumers.
Famous for its innovation, La-Z-Boy was the first to create a chair with a built-in footrest. Today, many of their products offer customizable features such as power-adjustable headrests and lumbar support, temperature-controlled seating, and built-in USB ports. CNN Business reported that their sales skyrocketed during the pandemic as more and more people invested in making their homes more comfortable during quarantine.
Unwavering commitment to quality, comfort, and innovation, along with sustainable practices, has helped La-Z-Boy Inc. not only secure a prominent place among the leading home furnishing brands globally but also shape the industry's future through impactful consumer-driven innovations.