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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
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Category:Consumer Goods and Services