February 19,
2025 by Karen Parrish in Business Strategy, Industry 
Fiscal 2025 Third Quarter Highlights:
— Consolidated delivered sales of $522 million
Up 4% versus prior year
— Operating margin on a GAAP and Non-GAAP basis improved 20 basis points versus prior year
— GAAP and Non-GAAP(1) diluted EPS of $0.68
— Delivered sales and Non-GAAP(1) operating margin at high end of guidance range
— Retail segment sales increased 11%
— Fueled by same-store sales growth and independent La-Z-Boy Furniture Galleries® acquisitions, along with new stores
— Retail added three newly opened stores, and two newly acquired independent La-Z-Boy Furniture Galleries® stores, with one closure; and announced an additional two-store acquisition expected to close in the fourth quarter
La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today reported strong third quarter results for the period ended January 25, 2025. For the quarter, sales totaled $522 million, growing 4% against the prior year comparable period. Operating margin was 6.7% for the quarter on a GAAP basis and 6.8% on a Non-GAAP(1) basis. Diluted earnings per share totaled $0.68 on a GAAP and Non-GAAP(1) basis. The company returned $90 million to shareholders year-to-date, up approximately 40% versus the prior year comparable period.
February 19,
2025 by Karen Parrish in Business Strategy, Industry
The American Home Furnishings Alliance has rescheduled its 2025 Marketing Conference to Aug 27-28 due to a winter storm impacting North Carolina and several surrounding states.
February 19,
2025 by Karen Parrish in Business Strategy, Industry
After a successful first year, British Columbia (B.C.) wood expert Canadian Wood has renewed its Corporate Partner sponsorship with the International Society of Furniture Designers (ISFD). During the Spring Market, furniture designers are invited to discover the potential of B.C.’s softwoods at the Canadian Wood Showroom & Information Center on the sixth floor of the historic Radio Building on the corner of Commerce and Main. Stop in to be inspired, explore wood products, and see why Canadian Wood is known as the premier choice for furniture and design professionals.
February 19,
2025 by Karen Parrish in Business Strategy, Industry
City of Hope is a National Cancer Institute-designated comprehensive cancer center and a leader in bone marrow transplantation and immunotherapy, including CAR T cell therapy. Through groundbreaking translational research and personalized treatment protocols, City of Hope continues to advance care for individuals facing cancer, diabetes, and other life-threatening diseases worldwide.
February 19,
2025 by Karen Parrish in Business Strategy, Industry
Essentia, a leader in organic sleep technology, has announced the launch of the Venti Organic Latex Double-Sided Mattress, a breakthrough in adaptable sleep. Designed with a unique flappable construction, the Venti offers both a plush, pressure-relieving surface and a firmer, more supportive side—allowing sleepers to customize their rest like never before. With a starting price of $1,199, the Venti makes Essentia's premium, non-toxic sleep experience more accessible while maintaining the brand's commitment to uncompromising quality and sustainability.
February 18,
2025 by Karen Parrish in Business Strategy, Industry
The Bienenstock Furniture Library announces updates to its 2025 Board of Directors including Brian Simpson, who assumes the role of board president; Caroline Hipple as vice president; and two additional home furnishings industry executives, Thomas Verellen and Lisa Kahn, as new board members.
February 18,
2025 by Karen Parrish in Business Strategy, Industry
Kirkland's, Inc., a multi-brand specialty retailer of home décor, housewares and furnishings, today announced an update to the Company's strategic initiatives and plans to advance the path to profitability and provided an update on fourth quarter fiscal 2024 preliminary results.