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.
Darrell Edwards, longtime COO for La Z Boy retired in March 2022. He was replaced by Mike Leggett.
The company announced a 22 percent increase in sales during the first quarter of 2022.
La-Z-Boy is part of the S&P 600, has 9,500 full-time employees, and had $1.70 billion in revenue in 2020.
La-Z-Boy maintains a corporate office in Monroe, Michigan.
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.
History
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.
Darrell Edwards, longtime COO for La Z Boy retired in March 2022. He was replaced by Mike Leggett.
The company announced a 22 percent increase in sales during the first quarter of 2022.
La-Z-Boy is part of the S&P 600, has 9,500 full-time employees, and had $1.70 billion in revenue in 2020.
La-Z-Boy maintains a corporate office in Monroe, Michigan.
