La z boy Incorporated (LZB) |
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La Z Boy Incorporated's Comment on Competitors and Industry Peers
We are the second largest manufacturer/distributor of residential (living and
family room, bedroom, and dining room) furniture in the United States, as measured
by annual sales volume.
In the Upholstery segment, our largest competitors are Ashley, Bassett, Bernhardt,
Best Chair, Ethan Allen, Flexsteel, Heritage Home Group, Klaussner, Man Wah,
and Natuzzi.
In the Casegoods segment, our main competitors are Bassett, Bernhardt, Ethan
Allen, Heritage Home Group, Hooker Furniture, Lacquer Craft, and Stanley Furniture.
The Casegoods segment faces additional market pressures from foreign manufacturers
entering the United States market and increased direct purchases from foreign
suppliers by large United States retailers.
The La-Z-Boy Furniture Galleries® stores operate in the retail furniture
industry throughout North America, and different stores have different competitors
based on their geographic locations. Competitors include: Arhaus, Ashley, Bassett
Furniture Direct, Crate and Barrel, Ethan Allen, Restoration Hardware, Thomasville
Home Furnishings Stores, Williams-Sonoma, several other regional competitors
(for example Art Van Furniture, Raymour & Flanigan Furniture, and Slumberland
Furniture), and family-owned independent furniture stores.
In addition to the larger competitors listed above, a substantial number of
small and medium-sized companies operate within our business segments, all of
which are highly competitive.
Over the past decade alternative distribution channels have increasingly affected
our retail markets. Companies such as Costco, Home Depot, IKEA, Sams Club,
Target, Wal-Mart, and others offer products that compete with some of our product
lines. The increased ability of consumers to purchase furniture through various
furniture manufacturers and retailers internet websites has also increased
competition, including companies such as QVC and Wayfair which operate with
lower overhead costs than a brick-and mortar-retailer.
Overall company Market Share Q4 2023 |
*Market share is calculated based on total revenue.
News about La z boy Incorporated Contracts |
La-Z-Boy Incorporated (NYSE: LZB), a globally recognized leader in the production and retail of residential furniture, announced its renewed commitment to the furniture industry amidst a challenging competitive landscape marked by fluctuating revenues. This Michigan-based corporation unfolds a new chapter in its strategic plans by not only investing in but also undertaking major renovations of its showrooms, particularly at imperative industry furniture markets.La-Z-Boy?s investment strategy is centered on the lease extension of its portfolio of selective showrooms. High Point Market in Furniture Plaza, High Point, NC, and Las Vegas Market, B555 at World Market Center Las Vegas, NV, emerged as the principal ...
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Who are La z boy Incorporated's Competitors?
Big Lots Inc Share Performance
-43.26%
This Quarter
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Big Lots Inc
Profile
Big Lots Inc operates as a discount retailer that offers a wide variety of merchandise at lower prices than traditional retailers.
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Bassett Furniture Industries Incorporated Share Performance
-6.17%
30 Days
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Bassett Furniture Industries Incorporated
Profile
Bassett Furniture Industries Incorporated's business model revolves around designing, manufacturing, and selling high-quality furniture products to consumers.
More about Bassett Furniture Industries Incorporated's Market Share
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Ethan Allen Interiors Inc Share Performance
+4.62%
30 Days
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Ethan Allen Interiors Inc
Profile
Ethan Allen Interiors Inc operates as a furniture manufacturer and retailer, offering a range of home furnishings, decor, and accessories. Their business model centers around designing and manufacturing high-quality, customizable furniture collections while also operating a network of branded retail stores and an e-commerce platform.
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Flexsteel Industries Inc Share Performance
+66.10%
One Year
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Flexsteel Industries Inc
Profile
Flexsteel Industries Inc is a furniture manufacturing company that operates on a business-to-business model. They specialize in the production and distribution of high-quality residential and commercial upholstered and wooden furniture. Their business model involves selling their products to retailers, wholesalers, and interior designers who then make them available to consumers.
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Hni Corporation Share Performance
-0.86%
30 Days
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Hni Corporation
Profile
HNI Corporation's business model revolves around manufacturing and selling office furniture and hearth products. They generate revenue by providing high-quality and customizable solutions to businesses and consumers in the office furniture and fireplace industries.
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Hooker Furnishings Corporation Share Performance
-3.77%
30 Days
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Hooker Furnishings Corporation
Profile
Hooker Furnishings Corporation is a company that operates in the home furnishings industry by designing, manufacturing, and selling a wide range of furniture products.
More about Hooker Furnishings Corporation's Market Share
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Leggett and Platt Inc Share Performance
-39.80%
One Year
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Leggett and Platt Inc
Profile
Leggett and Platt Inc operates as a diversified manufacturer that designs and produces a range of engineered components and products for various industries such as bedding, furniture, automotive, and aerospace, among others. Their business model focuses on providing innovative solutions and strategic partnerships, leveraging their expertise in engineering and manufacturing to deliver high-quality products to meet customer needs and drive long-term growth.
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Millerknoll Inc Share Performance
+14.91%
This Year
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Millerknoll Inc
Profile
Millerknoll Inc operates under a direct-to-consumer business model, selling a wide range of customizable home furniture and decor products. By bypassing traditional brick-and-mortar retail channels, the company focuses on selling its products directly to customers through its online platform, offering convenience, affordability, and a personalized shopping experience. The company also emphasizes sustainability by using eco-friendly materials and manufacturing processes.
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Nova Lifestyle Inc Share Performance
-8.88%
Over The Past 5 Days
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Nova Lifestyle Inc
Profile
Nova Lifestyle Inc is a furniture manufacturer and distributor that specializes in creating and selling a wide range of innovative and stylish home furnishings. Their business model focuses on designing and producing high-quality furniture items at competitive prices. They primarily operate through partnerships with retailers and e-commerce platforms to reach a larger customer base and maximize their sales potential.
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Steelcase Inc Share Performance
+0.71%
Over The Past 5 Days
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Steelcase Inc
Profile
Steelcase Inc operates as a leading manufacturer of office furniture and architectural interiors. The company follows a business model based on producing and selling innovative workplace solutions that enhance collaboration, productivity, and employee well-being. Steelcase also emphasizes sustainability and designs its products to have a minimal environmental impact.
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Tempur Sealy International Inc Share Performance
+12.13%
This Quarter
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Tempur Sealy International Inc
Profile
Tempur Sealy International Inc operates as a global manufacturer, marketer, and distributor of mattresses, bedding, and related products. The company follows a business model that involves designing and producing premium, innovative products using its proprietary TEMPUR material. These products are then sold through a diverse network of retail partners, including third-party retailers, online channels, and company-owned stores, enabling Tempur Sealy International Inc to reach a wide range of customers worldwide.
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Williams sonoma Inc Share Performance
+40.31%
This Year
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Williams sonoma Inc
Profile
Williams Sonoma Inc's business model revolves around offering a diverse range of high-quality home furnishings, kitchenware, and specialty food items through its various retail brands and e-commerce channels. They focus on delivering exceptional customer experiences, providing expert product knowledge, and maintaining strong supplier relationships to continually innovate and satisfy their customers' needs.
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