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LaZBoy profit up on higher sales, wider margins

2015-08-18 23:02:30| Furniture - Topix.net

Known for its namesake recliners and its "made in America" pledge, the Monroe, Mich., company last year stopped domestic production of wood furniture, exited the hospitality business and started importing wood furniture. Meanwhile, the company has been expanding its store footprint in the U.S. as part of a push to open 400 stores, averaging $4 million in sales, over five years--what it calls its 4-4-5 strategy.

Tags: sales higher profit wider

Category:Consumer Goods and Services

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