La-Z-Boy Furniture Reports Losses

Posted by MCC on November 19th, 2007 at 10:47pm

Kurt Darrow, a La-Z-Boy executive, says that a lowered demand for office furniture has led to the company experiencing a loss of nearly 10 million dollars for the second quarter.

This loss equates to about 19 cents on each share. Just a year before the furniture company reported a profit of just under two million dollars.

La-Z-Boy Furniture says that it will delay it’s previous plans to open new locations.

Under Furniture News