La-Z-Boy posts $9.9M loss

Thomas, Larry
November 2007
Furniture/Today;11/19/2007, Vol. 32 Issue 11, p1
Trade Publication
The article reports on the posted net loss of La-Z-Boy Inc. in its second quarter sales in Monroe, Michigan. The report has showed that the company has posted net loss of $9.9 million in its second quarter on an 11.9% decline in sales. The report has noted that much of the net loss was due to a variety of one-time charges, and the largest was a $5.8 million writedown of goodwill for its company-owned stores in southeastern Florida.


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