La Z Boy
Group Project
Financial Accounting
La-Z-Boy Intro
La-Z-boy Corporation was started in the 1920s and is now known as one of the largest best selling furniture industries to date. La-z-boy unlike other furniture companies which at the time focused on quality and customer satisfaction the most. The company also added a twist to there product by offering a year around piece of furniture which held the a certain name to it. Along with names the company also held furniture shows which consisted of circus mice, Merry-go rounds and Ferris wheels. Although the La-Z-Boy company profit tremendously form the time it started out of a garage, the company truly started to compete with other corporations when it went public in 1961. From 1961 to 1971 the La-z-Boy corporation witnessed astonishing sales when they introduced there reclining rocker chair which at the time increased sales from 1.1million dollars to 52.7million. In 1972 the company entered the market and Six hundred people brought more than 320,000 shares in over the counter trading. By the end of the year La-z-Boy received annual sales of more than 152 million. At this time the company started to open up La-z-boy showcases which was meant to provide customers seeking genuine La-Z-Boy
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