La-Z-Boy was founded by in 1928 cousins Edward M. Knabusch and Edwin J. Shoemaker when they partnered in and invested in a furniture business in Monroe, Michigan.
They set out to design a chair that was “nature’s way of relaxing,” which resulted in them making a reclining wood-slat porch chair and upholstering it. The chair was a huge success.
The company primarily manufactured recliners until 1969, when it branched out to include sofas, sleep sofas, and modular groups.
In 1983 La-Z-Boy began offering a full line of home furnishings.
Today La-Z-Boy is a publicly traded company, trading on the New York Stock Exchange under the symbol LZB. La-Z-Boy sells its products through 220 independent La-Z-Boy Furniture Galleries and 550 Comfort Studios.
In 2016, Forbes listed the company as one of America’s Most Trusted Companies. They also made the list in 2012 and 2013.
La-Z-Boy is part of the S&P 600, has 11,000 full-time employees, and had $1.4 billion in revenue in 2015.